Marietta Wealth Management LLC Buys 213 Shares of Boeing Company (The) (BA)

Marietta Wealth Management LLC raised its stake in Boeing Company (The) (NYSE:BA) by 1.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,924 shares of the aircraft producer’s stock after buying an additional 213 shares during the quarter. Boeing makes up about 1.4% of Marietta Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding. Marietta Wealth Management LLC’s holdings in Boeing were worth $2,358,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BA. Harbour Capital Advisors LLC increased its holdings in shares of Boeing by 18,613.5% during the second quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock valued at $6,787,000 after purchasing an additional 1,334,957 shares during the period. AQR Capital Management LLC increased its holdings in shares of Boeing by 66.5% during the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after purchasing an additional 1,049,546 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Boeing by 63.7% during the second quarter. Principal Financial Group Inc. now owns 1,442,748 shares of the aircraft producer’s stock valued at $285,303,000 after purchasing an additional 561,343 shares during the period. Bank of Nova Scotia increased its holdings in shares of Boeing by 181.0% during the first quarter. Bank of Nova Scotia now owns 609,760 shares of the aircraft producer’s stock valued at $107,843,000 after purchasing an additional 392,786 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Boeing by 11.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock valued at $520,517,000 after purchasing an additional 308,976 shares during the period. Institutional investors own 70.81% of the company’s stock.

A number of research analysts recently issued reports on BA shares. Wells Fargo & Company reaffirmed a “hold” rating and set a $255.00 target price (up from $240.00) on shares of Boeing in a report on Wednesday, September 20th. Zacks Investment Research lowered Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Vetr lowered Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 target price on the stock. in a report on Wednesday, August 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $274.00 target price on shares of Boeing in a report on Friday, August 11th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $310.00 target price (up from $300.00) on shares of Boeing in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. Boeing presently has an average rating of “Buy” and an average target price of $257.81.

Boeing Company (BA) opened at $278.27 on Thursday. The firm has a market capitalization of $164,105.70, a PE ratio of 28.26, a P/E/G ratio of 2.10 and a beta of 1.24. Boeing Company has a 12 month low of $151.07 and a 12 month high of $281.83. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. Boeing’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $3.51 EPS. analysts expect that Boeing Company will post 10.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were paid a $1.42 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.04%. Boeing’s dividend payout ratio is currently 52.21%.

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Boeing Company Profile

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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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