First Business Financial Services Inc. increased its holdings in Boeing Co (NYSE:BA) by 1.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,415 shares of the aircraft producer’s stock after purchasing an additional 35 shares during the period. Boeing makes up about 0.2% of First Business Financial Services Inc.’s holdings, making the stock its 20th biggest holding. First Business Financial Services Inc.’s holdings in Boeing were worth $1,299,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. boosted its position in Boeing by 19.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 14,414 shares of the aircraft producer’s stock valued at $5,484,000 after buying an additional 2,327 shares during the period. D L Carlson Investment Group Inc. boosted its position in Boeing by 26.4% during the 3rd quarter. D L Carlson Investment Group Inc. now owns 10,408 shares of the aircraft producer’s stock valued at $3,960,000 after buying an additional 2,175 shares during the period. Whitnell & Co. boosted its position in Boeing by 645.5% during the 3rd quarter. Whitnell & Co. now owns 2,050 shares of the aircraft producer’s stock valued at $780,000 after buying an additional 1,775 shares during the period. Lenox Wealth Management Inc. boosted its position in Boeing by 10.8% during the 3rd quarter. Lenox Wealth Management Inc. now owns 1,212 shares of the aircraft producer’s stock valued at $461,000 after buying an additional 118 shares during the period. Finally, Principle Wealth Partners LLC boosted its position in Boeing by 310.9% during the 3rd quarter. Principle Wealth Partners LLC now owns 36,478 shares of the aircraft producer’s stock valued at $13,879,000 after buying an additional 27,601 shares during the period. 67.84% of the stock is owned by institutional investors.
Several brokerages have weighed in on BA. Barclays reissued an “equal weight” rating and set a $353.00 price target (down previously from $367.00) on shares of Boeing in a research report on Monday, November 4th. UBS Group raised shares of Boeing from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 23rd. Credit Suisse Group cut shares of Boeing from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $416.00 to $323.00 in a research report on Monday, October 21st. Bank of America set a $370.00 price target on shares of Boeing and gave the company a “hold” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. Boeing has an average rating of “Hold” and a consensus target price of $379.30.
Shares of Boeing stock traded down $6.31 during trading on Friday, hitting $351.00. The company’s stock had a trading volume of 3,117,554 shares, compared to its average volume of 5,364,701. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.31 and a current ratio of 1.11. The company has a fifty day simple moving average of $362.82 and a two-hundred day simple moving average of $358.59. The company has a market capitalization of $201.64 billion, a PE ratio of 21.92, a P/E/G ratio of 39.90 and a beta of 1.24. Boeing Co has a 52 week low of $292.47 and a 52 week high of $446.01.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by ($0.59). The business had revenue of $19.98 billion during the quarter, compared to the consensus estimate of $20 billion. Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. The firm’s revenue was down 20.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.58 earnings per share. As a group, analysts predict that Boeing Co will post 1.02 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be paid a dividend of $2.055 per share. The ex-dividend date is Thursday, November 7th. This represents a $8.22 dividend on an annualized basis and a yield of 2.34%. Boeing’s dividend payout ratio is currently 51.34%.
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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