Fmr LLC cut its stake in Boeing Company (The) (NYSE:BA) by 9.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,333,719 shares of the aircraft producer’s stock after selling 564,348 shares during the period. Fmr LLC owned 0.90% of Boeing worth $1,054,743,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Boeing by 1.0% during the second quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after purchasing an additional 407,511 shares in the last quarter. Marietta Wealth Management LLC increased its stake in shares of Boeing by 1.8% during the second quarter. Marietta Wealth Management LLC now owns 11,924 shares of the aircraft producer’s stock valued at $2,358,000 after purchasing an additional 213 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Boeing by 3.3% during the second quarter. D.A. Davidson & CO. now owns 86,499 shares of the aircraft producer’s stock valued at $17,105,000 after acquiring an additional 2,752 shares in the last quarter. Beaumont Financial Partners LLC bought a new stake in shares of Boeing during the second quarter valued at approximately $275,000. Finally, Trustmark National Bank Trust Department increased its position in shares of Boeing by 18.3% during the second quarter. Trustmark National Bank Trust Department now owns 5,988 shares of the aircraft producer’s stock valued at $1,184,000 after acquiring an additional 928 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.
Several equities research analysts recently weighed in on BA shares. Royal Bank Of Canada set a $290.00 price target on shares of Boeing and gave the company a “hold” rating in a research report on Wednesday, November 15th. Canaccord Genuity reissued a “hold” rating and set a $235.00 price target (up previously from $215.00) on shares of Boeing in a research report on Sunday, September 17th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $289.00 price target for the company in a research report on Tuesday, October 10th. Finally, Jefferies Group raised their price target on shares of Boeing from $300.00 to $312.00 and gave the company a “buy” rating in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Boeing presently has an average rating of “Buy” and a consensus target price of $257.81.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The business had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.51 EPS. equities analysts expect that Boeing Company will post 10.1 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, November 9th. Boeing’s dividend payout ratio is presently 52.21%.
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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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