Ajo LP cut its holdings in shares of Boeing Company (The) (NYSE:BA) by 30.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,378 shares of the aircraft producer’s stock after selling 3,634 shares during the quarter. Ajo LP’s holdings in Boeing were worth $1,657,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. LMR Partners LLP acquired a new stake in Boeing during the 2nd quarter worth approximately $4,904,000. Allegis Investment Advisors LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at $351,000. Blair William & Co. IL raised its holdings in shares of Boeing by 4.1% in the 2nd quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock valued at $31,170,000 after purchasing an additional 6,141 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of Boeing by 46.4% in the 2nd quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock valued at $956,000 after purchasing an additional 1,532 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its holdings in shares of Boeing by 23.2% in the 2nd quarter. State of Wisconsin Investment Board now owns 596,657 shares of the aircraft producer’s stock valued at $117,989,000 after purchasing an additional 112,520 shares in the last quarter. Institutional investors own 72.04% of the company’s stock.
Shares of Boeing Company (BA) opened at $265.88 on Monday. Boeing Company has a one year low of $148.31 and a one year high of $267.62. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. The company has a market cap of $158,352.28, a price-to-earnings ratio of 27.27, a P/E/G ratio of 2.02 and a beta of 1.22.
Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The firm had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. During the same period last year, the business earned $3.51 EPS. Boeing’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 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 paid a dividend of $1.42 per share. The ex-dividend date is Thursday, November 9th. This represents a $5.68 annualized dividend and a yield of 2.14%. Boeing’s dividend payout ratio is currently 52.21%.
BA has been the topic of a number of analyst reports. Deutsche Bank AG raised their price objective on shares of Boeing to $300.00 and gave the company a “buy” rating in a report on Thursday, September 14th. Jefferies Group LLC restated a “buy” rating and issued a $300.00 price objective on shares of Boeing in a report on Friday, October 6th. Nord/LB set a $250.00 price objective on shares of Boeing and gave the company a “neutral” rating in a report on Thursday, November 2nd. Royal Bank Of Canada raised their price objective on shares of Boeing from $269.00 to $273.00 and gave the company a “sector perform” rating in a report on Thursday, October 26th. Finally, Vetr lowered shares of Boeing from a “hold” rating to a “sell” rating and set a $249.63 price objective on the stock. in a report on Monday, October 30th. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Boeing currently has a consensus rating of “Buy” and an average price target of $257.94.
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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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