Hancock Whitney Corp Lowers Position in Boeing Co (NYSE:BA)

Hancock Whitney Corp decreased its position in Boeing Co (NYSE:BA) by 0.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 73,462 shares of the aircraft producer’s stock after selling 562 shares during the period. Boeing comprises 0.8% of Hancock Whitney Corp’s portfolio, making the stock its 16th biggest position. Hancock Whitney Corp’s holdings in Boeing were worth $23,692,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Martingale Asset Management L P raised its holdings in Boeing by 5.2% in the third quarter. Martingale Asset Management L P now owns 226,460 shares of the aircraft producer’s stock valued at $84,222,000 after acquiring an additional 11,230 shares in the last quarter. Equitable Trust Co. boosted its position in shares of Boeing by 28.7% during the 3rd quarter. Equitable Trust Co. now owns 1,212 shares of the aircraft producer’s stock valued at $451,000 after purchasing an additional 270 shares in the last quarter. Banco de Sabadell S.A boosted its position in shares of Boeing by 3.9% during the 3rd quarter. Banco de Sabadell S.A now owns 8,038 shares of the aircraft producer’s stock valued at $2,986,000 after purchasing an additional 304 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in Boeing by 8.0% during the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 102,300 shares of the aircraft producer’s stock valued at $38,045,000 after buying an additional 7,600 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in Boeing during the third quarter valued at about $7,791,000. Institutional investors own 68.04% of the company’s stock.

BA stock traded down $1.70 during mid-day trading on Friday, reaching $347.16. 2,101,464 shares of the stock traded hands, compared to its average volume of 6,125,847. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. Boeing Co has a 52-week low of $292.47 and a 52-week high of $446.01. The firm has a market capitalization of $195.25 billion, a PE ratio of 21.68, a P/E/G ratio of 2.15 and a beta of 1.31.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $3.11 by $0.05. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The company had revenue of $22.92 billion during the quarter, compared to analyst estimates of $23.04 billion. During the same period in the prior year, the firm earned $3.64 earnings per share. The business’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities research analysts anticipate that Boeing Co will post 14.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 10th were given a $2.055 dividend. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Thursday, May 9th. Boeing’s dividend payout ratio (DPR) is 51.34%.

Several brokerages have commented on BA. Goldman Sachs Group set a $396.00 price target on Boeing and gave the company a “neutral” rating in a report on Friday. Berenberg Bank reaffirmed a “buy” rating and issued a $415.00 price objective on shares of Boeing in a report on Thursday. Zacks Investment Research upgraded Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 target price on the stock in a report on Monday. Cowen reissued a “buy” rating and issued a $460.00 target price on shares of Boeing in a research note on Wednesday, May 29th. Finally, ValuEngine cut Boeing from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. Boeing has an average rating of “Hold” and a consensus target price of $407.40.

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Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Further Reading: Sell-Side Analysts

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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