Oppenheimer Asset Management Inc. lowered its stake in shares of Boeing Company (The) (NYSE:BA) by 15.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,592 shares of the aircraft producer’s stock after selling 18,512 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Boeing Company (The) were worth $19,892,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC grew its position in Boeing Company (The) by 181.9% during the 1st quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after purchasing an additional 402 shares during the period. SRS Capital Advisors Inc. grew its position in shares of Boeing Company (The) by 16.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after acquiring an additional 107 shares during the period. Catamount Wealth Management acquired a new stake in shares of Boeing Company (The) during the 2nd quarter valued at about $138,000. Herndon Capital Management LLC grew its position in shares of Boeing Company (The) by 29.7% during the 2nd quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after acquiring an additional 165 shares during the period. Finally, Shine Investment Advisory Services Inc. acquired a new stake in shares of Boeing Company (The) during the 2nd quarter valued at about $188,000. Hedge funds and other institutional investors own 71.99% of the company’s stock.
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Boeing Company (NYSE:BA) opened at $261.76 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. Boeing Company has a 1 year low of $144.46 and a 1 year high of $267.62. The firm has a market cap of $156,291.72, a PE ratio of 26.92, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22.
Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.65 by $0.07. The business had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.51 earnings per share. equities analysts anticipate that Boeing Company will post 10.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a $1.42 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.17%. Boeing Company (The)’s dividend payout ratio is presently 52.21%.
BA has been the topic of a number of research reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $235.00 price target (up from $215.00) on shares of Boeing Company (The) in a research note on Sunday, September 17th. ValuEngine raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $289.00 price target on the stock in a research report on Tuesday, October 10th. Cowen and Company reiterated an “outperform” rating and issued a $300.00 target price (up previously from $255.00) on shares of Boeing Company (The) in a report on Monday, July 24th. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Boeing Company (The) in a report on Wednesday, July 19th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $256.68.
About Boeing Company (The)
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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