Boeing Company (The) (BA) Shares Sold by Ajo LP

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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Boeing 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 (NYSE:BA)

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