Insight Wealth Strategies LLC Acquires 898 Shares of Boeing Co (NYSE:BA)

Insight Wealth Strategies LLC grew its holdings in Boeing Co (NYSE:BA) by 16.3% during the 3rd quarter, Holdings Channel reports. The fund owned 6,404 shares of the aircraft producer’s stock after buying an additional 898 shares during the period. Insight Wealth Strategies LLC’s holdings in Boeing were worth $2,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Capital Wealth Advisors grew its stake in Boeing by 0.4% during the third quarter. Vanguard Capital Wealth Advisors now owns 6,730 shares of the aircraft producer’s stock valued at $2,560,000 after acquiring an additional 29 shares in the last quarter. Pflug Koory LLC grew its stake in Boeing by 0.6% during the third quarter. Pflug Koory LLC now owns 5,398 shares of the aircraft producer’s stock valued at $2,054,000 after acquiring an additional 30 shares in the last quarter. LeJeune Puetz Investment Counsel LLC grew its stake in Boeing by 0.3% during the third quarter. LeJeune Puetz Investment Counsel LLC now owns 10,904 shares of the aircraft producer’s stock valued at $4,149,000 after acquiring an additional 30 shares in the last quarter. Lesa Sroufe & Co grew its stake in Boeing by 2.4% during the third quarter. Lesa Sroufe & Co now owns 1,292 shares of the aircraft producer’s stock valued at $492,000 after acquiring an additional 30 shares in the last quarter. Finally, OLD Dominion Capital Management Inc. grew its stake in Boeing by 0.8% during the third quarter. OLD Dominion Capital Management Inc. now owns 3,587 shares of the aircraft producer’s stock valued at $1,365,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 67.72% of the company’s stock.

A number of equities analysts have commented on BA shares. Wolfe Research cut shares of Boeing from an “outperform” rating to a “peer perform” rating and dropped their price objective for the stock from $404.00 to $393.00 in a research note on Thursday, July 25th. UBS Group raised shares of Boeing from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 23rd. Credit Suisse Group cut shares of Boeing from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $416.00 to $323.00 in a research note on Monday, October 21st. Jefferies Financial Group set a $420.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Citigroup dropped their price objective on shares of Boeing from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $379.30.

Shares of Boeing stock traded down $0.38 during trading on Wednesday, hitting $362.50. The stock had a trading volume of 3,453,976 shares, compared to its average volume of 5,394,534. The firm’s fifty day simple moving average is $361.36 and its 200-day simple moving average is $358.26. The stock has a market cap of $197.54 billion, a PE ratio of 22.64, a PEG ratio of 39.09 and a beta of 1.24. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.11 and a quick ratio of 0.31. Boeing Co has a 12 month low of $292.47 and a 12 month high of $446.01.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by ($0.59). The firm had revenue of $19.98 billion during the quarter, compared to the consensus estimate of $20 billion. Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. Boeing’s revenue was down 20.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.58 EPS. Analysts expect that Boeing Co will post 1.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be issued a $2.055 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $8.22 annualized dividend and a dividend yield of 2.27%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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