Meiji Yasuda Life Insurance Co reduced its position in Boeing Company (The) (NYSE:BA) by 1.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,054 shares of the aircraft producer’s stock after selling 300 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Boeing Company (The) were worth $3,570,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BA. Proficio Capital Partners LLC boosted its holdings in shares of Boeing Company (The) by 181.9% in the 1st quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after purchasing an additional 402 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Boeing Company (The) by 16.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after purchasing an additional 107 shares in the last quarter. Catamount Wealth Management purchased a new position in shares of Boeing Company (The) in the 2nd quarter worth about $138,000. Herndon Capital Management LLC boosted its holdings in shares of Boeing Company (The) by 29.7% in the 2nd quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock worth $142,000 after purchasing an additional 165 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in Boeing Company (The) during the 2nd quarter valued at about $188,000. Hedge funds and other institutional investors own 71.99% of the company’s stock.

Boeing Company (BA) opened at $262.26 on Friday. Boeing Company has a 52-week low of $144.46 and a 52-week high of $267.62. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. The firm has a market capitalization of $157,050.00, a P/E ratio of 26.85, a P/E/G ratio of 1.99 and a beta of 1.22.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.07. Boeing Company (The) had a return on equity of 12,064.25% and a net margin of 7.33%. The company had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. During the same quarter last year, the company earned $3.51 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. equities analysts forecast that Boeing Company will post 10.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, November 9th. Boeing Company (The)’s dividend payout ratio (DPR) is presently 52.25%.

Several equities research analysts recently weighed in on BA shares. Canaccord Genuity restated a “hold” rating and set a $215.00 target price (up from $200.00) on shares of Boeing Company (The) in a report on Sunday, July 30th. Argus restated a “buy” rating and set a $270.00 target price on shares of Boeing Company (The) in a report on Tuesday, August 1st. Buckingham Research upgraded Boeing Company (The) from an “underperform” rating to a “neutral” rating in a report on Friday, July 28th. Vetr upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 target price for the company in a report on Monday, August 7th. Finally, Jefferies Group LLC increased their target price on Boeing Company (The) from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, September 22nd. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $257.42.

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Boeing Company (The) Profile

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.

Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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