Schulhoff & Co. Inc. boosted its holdings in Boeing Co (NYSE:BA) by 14.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,665 shares of the aircraft producer’s stock after purchasing an additional 215 shares during the quarter. Schulhoff & Co. Inc.’s holdings in Boeing were worth $558,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Boeing by 220.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock valued at $105,000 after buying an additional 220 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in Boeing in the first quarter worth approximately $108,000. Advisors Preferred LLC purchased a new stake in Boeing in the first quarter worth approximately $111,000. SWS Partners purchased a new stake in Boeing in the fourth quarter worth approximately $123,000. Finally, Lucia Wealth Services LLC purchased a new stake in Boeing in the first quarter worth approximately $126,000. Institutional investors and hedge funds own 69.74% of the company’s stock.
BA opened at $359.80 on Friday. The company has a debt-to-equity ratio of -7.65, a quick ratio of 0.32 and a current ratio of 1.11. Boeing Co has a 1-year low of $246.21 and a 1-year high of $374.48. The company has a market capitalization of $203.04 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.76 and a beta of 1.44.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Friday, August 10th were given a $1.71 dividend. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $6.84 annualized dividend and a yield of 1.90%. Boeing’s payout ratio is presently 56.81%.
Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. restated a “buy” rating and issued a $400.00 target price on shares of Boeing in a report on Thursday, July 26th. ValuEngine cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. UBS Group raised their target price on shares of Boeing from $325.00 to $357.00 and gave the stock a “neutral” rating in a report on Thursday, July 26th. Cowen restated a “buy” rating and issued a $430.00 target price on shares of Boeing in a report on Wednesday, July 25th. Finally, Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $393.00 target price on the stock in a report on Monday, July 16th. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $400.60.
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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