Oppenheimer & Co. Inc. Sells 3,065 Shares of Boeing Company (The) (BA)

Oppenheimer & Co. Inc. decreased its position in shares of Boeing Company (The) (NYSE:BA) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,262 shares of the aircraft producer’s stock after selling 3,065 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Boeing Company (The) were worth $9,346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC grew its holdings in Boeing Company (The) by 18,613.5% during the second quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock worth $6,787,000 after buying an additional 1,334,957 shares in the last quarter. AQR Capital Management LLC grew its holdings in Boeing Company (The) by 66.5% during the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock worth $464,732,000 after buying an additional 1,049,546 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Boeing Company (The) by 63.7% during the second quarter. Principal Financial Group Inc. now owns 1,442,748 shares of the aircraft producer’s stock worth $285,303,000 after buying an additional 561,343 shares in the last quarter. Swiss National Bank grew its holdings in Boeing Company (The) by 25.2% during the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock worth $367,407,000 after buying an additional 418,500 shares in the last quarter. Finally, Bank of Nova Scotia grew its holdings in Boeing Company (The) by 181.0% during the first quarter. Bank of Nova Scotia now owns 609,760 shares of the aircraft producer’s stock worth $107,843,000 after buying an additional 392,786 shares in the last quarter. Hedge funds and other institutional investors own 71.99% of the company’s stock.

A number of research analysts have issued reports on the company. Vetr upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price objective for the company in a research note on Monday, August 7th. Sanford C. Bernstein restated an “outperform” rating and issued a $274.00 price objective on shares of Boeing Company (The) in a research note on Friday, August 11th. Royal Bank Of Canada upgraded Boeing Company (The) from an “underperform” rating to a “sector perform” rating and upped their price objective for the company from $146.00 to $235.00 in a research note on Thursday, July 27th. Zacks Investment Research downgraded Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, UBS AG upped their price target on Boeing Company (The) from $180.00 to $253.00 and gave the company a “neutral” rating in a research report on Friday, August 4th. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $256.68.

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 stock has a market capitalization of $156,291.72, a P/E ratio of 26.92, a P/E/G ratio of 2.00 and a beta of 1.22.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $5.68 annualized dividend and a yield of 2.17%. Boeing Company (The)’s payout ratio is 52.21%.

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Boeing Company (The) 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.

Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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