Regal Investment Advisors LLC raised its holdings in Boeing Company (The) (NYSE:BA) by 8.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,449 shares of the aircraft producer’s stock after buying an additional 111 shares during the quarter. Regal Investment Advisors LLC’s holdings in Boeing were worth $286,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of BA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Boeing by 28.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 42,253 shares of the aircraft producer’s stock valued at $7,473,000 after buying an additional 9,351 shares during the period. American Asset Management Inc. grew its holdings in Boeing by 5.9% in the 1st quarter. American Asset Management Inc. now owns 1,811 shares of the aircraft producer’s stock valued at $320,000 after buying an additional 101 shares during the period. Gerber Kawasaki Wealth & Investment Management purchased a new stake in Boeing in the 1st quarter valued at about $304,000. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Boeing by 19.8% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,652 shares of the aircraft producer’s stock worth $293,000 after purchasing an additional 273 shares during the period. Finally, Toronto Dominion Bank grew its holdings in shares of Boeing by 48.4% during the 1st quarter. Toronto Dominion Bank now owns 168,833 shares of the aircraft producer’s stock worth $29,864,000 after purchasing an additional 55,081 shares during the period. Institutional investors own 72.04% of the company’s stock.
BA has been the subject of a number of research reports. Canaccord Genuity reiterated a “hold” rating and set a $235.00 target price (up previously from $215.00) on shares of Boeing in a report on Sunday, September 17th. ValuEngine upgraded Boeing from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $289.00 target price for the company in a report on Tuesday, October 10th. Royal Bank Of Canada boosted their target price on Boeing from $269.00 to $273.00 and gave the stock a “sector perform” rating in a report on Thursday, October 26th. Finally, Argus reiterated a “buy” rating and set a $290.00 target price (up previously from $270.00) on shares of Boeing in a report on Friday, October 27th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Boeing presently has a consensus rating of “Buy” and an average price target of $257.94.
Boeing Company (NYSE BA) opened at $265.88 on Friday. The company has a market capitalization of $158,352.28, a P/E ratio of 27.27, a P/E/G ratio of 2.02 and a beta of 1.22. 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 52-week low of $148.32 and a 52-week high of $267.62.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. Boeing’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.51 EPS. analysts predict that Boeing Company will post 10.1 earnings per share for the current fiscal 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. This represents a $5.68 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, November 9th. Boeing’s dividend payout ratio (DPR) is presently 52.21%.
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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