Andra AP fonden cut its stake in shares of Boeing Co (NYSE:BA) by 28.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,300 shares of the aircraft producer’s stock after selling 7,800 shares during the period. Andra AP fonden’s holdings in Boeing were worth $6,475,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in BA. CSat Investment Advisory L.P. acquired a new position in shares of Boeing during the second quarter worth $101,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of Boeing by 220.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock worth $105,000 after purchasing an additional 220 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in shares of Boeing during the first quarter worth $108,000. Icon Wealth Partners LLC acquired a new position in shares of Boeing during the second quarter worth $125,000. Finally, Lucia Wealth Services LLC acquired a new position in shares of Boeing during the first quarter worth $126,000. 70.13% of the stock is currently owned by institutional investors.
Several research firms recently issued reports on BA. Cowen reiterated a “buy” rating and set a $430.00 price objective on shares of Boeing in a report on Wednesday, July 25th. UBS Group upped their price objective on shares of Boeing from $325.00 to $357.00 and gave the company a “neutral” rating in a report on Thursday, July 26th. Goldman Sachs Group set a $387.00 price objective on shares of Boeing and gave the company a “neutral” rating in a report on Wednesday, October 24th. Berenberg Bank reissued a “buy” rating and set a $430.00 target price on shares of Boeing in a research report on Monday, September 3rd. Finally, Credit Suisse Group reissued a “buy” rating and set a $455.00 target price on shares of Boeing in a research report on Thursday, July 26th. Eight research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Boeing has an average rating of “Buy” and a consensus target price of $410.21.
In other Boeing news, SVP Diana L. Sands sold 5,000 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $350.07, for a total value of $1,750,350.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jenette E. Ramos sold 1,640 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $367.52, for a total transaction of $602,732.80. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.
NYSE BA traded down $0.38 on Thursday, hitting $317.32. The stock had a trading volume of 4,400,532 shares, compared to its average volume of 4,512,310. Boeing Co has a 52-week low of $264.53 and a 52-week high of $394.28. The company has a debt-to-equity ratio of 8.07, a current ratio of 1.10 and a quick ratio of 0.32. The stock has a market capitalization of $180.42 billion, a PE ratio of 26.36, a P/E/G ratio of 1.58 and a beta of 1.30.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.11. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The firm had revenue of $25.15 billion for the quarter, compared to analyst estimates of $23.84 billion. During the same quarter in the prior year, the firm earned $2.72 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, research analysts anticipate that Boeing Co will post 15.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 9th will be issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, November 8th. Boeing’s dividend payout ratio is currently 56.81%.
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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.
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