Dimensional Fund Advisors LP lowered its stake in Boeing Co. (NYSE:BA) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,272,894 shares of the aircraft producer’s stock after selling 21,140 shares during the period. Dimensional Fund Advisors LP owned approximately 0.20% of Boeing worth $165,311,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heritage Investors Management Corp increased its position in Boeing by 7.2% in the first quarter. Heritage Investors Management Corp now owns 109,845 shares of the aircraft producer’s stock valued at $13,944,000 after buying an additional 7,401 shares in the last quarter. Gradient Investments LLC increased its position in Boeing by 334.7% in the first quarter. Gradient Investments LLC now owns 2,369 shares of the aircraft producer’s stock valued at $301,000 after buying an additional 1,824 shares in the last quarter. Osborn Rohs Williams & Donohoe Ltd increased its position in Boeing by 2.6% in the first quarter. Osborn Rohs Williams & Donohoe Ltd now owns 4,000 shares of the aircraft producer’s stock valued at $508,000 after buying an additional 100 shares in the last quarter. Acadian Asset Management LLC increased its position in Boeing by 177.8% in the first quarter. Acadian Asset Management LLC now owns 26,508 shares of the aircraft producer’s stock valued at $3,365,000 after buying an additional 16,967 shares in the last quarter. Finally, TNB Financial increased its position in Boeing by 72.0% in the first quarter. TNB Financial now owns 8,001 shares of the aircraft producer’s stock valued at $1,016,000 after buying an additional 3,348 shares in the last quarter. 75.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Boeing Co. (NYSE:BA) opened at 131.78 on Friday. The firm has a market capitalization of $82.21 billion, a P/E ratio of 23.72 and a beta of 1.06. The firm’s 50-day moving average is $131.66 and its 200 day moving average is $130.78. Boeing Co. has a 12 month low of $102.10 and a 12 month high of $150.59.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.92) by $0.48. The company earned $24.80 million during the quarter, compared to the consensus estimate of $23.22 million. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.62 earnings per share. On average, equities research analysts anticipate that Boeing Co. will post $6.29 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 12th were given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Wednesday, August 10th. Boeing’s payout ratio is presently 80.15%.
A number of research analysts have recently weighed in on BA shares. Canaccord Genuity reissued a “hold” rating and issued a $140.00 price target on shares of Boeing in a research note on Tuesday, May 31st. Goldman Sachs Group Inc. set a $101.00 price target on Boeing and gave the company a “sell” rating in a research note on Tuesday, May 31st. Deutsche Bank AG reissued a “buy” rating and issued a $160.00 price target on shares of Boeing in a research note on Wednesday, June 1st. Jefferies Group reissued a “buy” rating on shares of Boeing in a research note on Tuesday, May 31st. Finally, Vetr downgraded Boeing from a “hold” rating to a “sell” rating and set a $127.88 price target on the stock. in a research note on Monday, June 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $147.23.
In other Boeing news, Director Randall L. Stephenson bought 1,871 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was bought at an average cost of $133.89 per share, with a total value of $250,508.19. Following the completion of the transaction, the director now directly owns 3,721 shares in the company, valued at approximately $498,204.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Diana L. Sands sold 14,151 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $133.06, for a total transaction of $1,882,932.06. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.
Boeing Company Profile
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
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