Balyasny Asset Management LLC decreased its holdings in shares of Boeing Company (The) (NYSE:BA) by 92.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,900 shares of the aircraft producer’s stock after selling 62,129 shares during the period. Balyasny Asset Management LLC’s holdings in Boeing were worth $969,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in BA. LMR Partners LLP bought a new position in shares of Boeing in the second quarter valued at approximately $4,904,000. Allegis Investment Advisors LLC bought a new position in shares of Boeing in the second quarter valued at approximately $351,000. Blair William & Co. IL raised its stake in shares of Boeing by 4.1% in the second quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock valued at $31,170,000 after acquiring an additional 6,141 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of Boeing by 46.4% in the second quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock valued at $956,000 after acquiring an additional 1,532 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its stake in shares of Boeing by 23.2% in the second quarter. State of Wisconsin Investment Board now owns 596,657 shares of the aircraft producer’s stock valued at $117,989,000 after acquiring an additional 112,520 shares during the last quarter. Hedge funds and other institutional investors own 70.97% of the company’s stock.
Boeing Company (BA) opened at $285.90 on Monday. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. Boeing Company has a 1 year low of $153.06 and a 1 year high of $287.32. The firm has a market cap of $170,275.89, a P/E ratio of 29.32, a P/E/G ratio of 2.18 and a beta of 1.24.
Boeing (NYSE:BA) last released its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $24.09 billion. During the same quarter in the previous year, the business earned $3.51 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. analysts expect that Boeing Company will post 10.1 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Thursday, November 9th. Boeing’s dividend payout ratio is presently 52.21%.
A number of research analysts have recently issued reports on BA shares. Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $286.00 target price for the company in a research note on Thursday, September 21st. Jefferies Group reiterated a “buy” rating and issued a $275.00 target price on shares of Boeing in a research note on Saturday, September 16th. Deutsche Bank lifted their target price on shares of Boeing to $300.00 and gave the company a “buy” rating in a research note on Thursday, September 14th. Vetr cut shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $269.69 target price for the company. in a research note on Wednesday, September 13th. Finally, Cowen reiterated a “buy” rating and issued a $300.00 target price on shares of Boeing in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $257.81.
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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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