Atlantic Trust Group LLC cut its position in shares of Boeing Company (The) (NYSE:BA) by 15.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 478,541 shares of the aircraft producer’s stock after selling 88,361 shares during the period. Atlantic Trust Group LLC owned about 0.08% of Boeing Company (The) worth $94,631,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its position in Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after acquiring an additional 402 shares during the period. SRS Capital Advisors Inc. grew its position in Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after acquiring an additional 107 shares during the period. Catamount Wealth Management bought a new stake in Boeing Company (The) in the second quarter valued at $138,000. Herndon Capital Management LLC grew its position in Boeing Company (The) by 29.7% in the second quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after acquiring an additional 165 shares during the period. Finally, Shine Investment Advisory Services Inc. bought a new stake in Boeing Company (The) in the second quarter valued at $188,000. Institutional investors and hedge funds own 71.99% of the company’s stock.

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

Shares of Boeing Company (BA) opened at $262.26 on Friday. The company has a market capitalization of $156,196.30, a PE ratio of 26.90, a P/E/G ratio of 2.00 and a beta of 1.22. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. Boeing Company has a fifty-two week low of $144.46 and a fifty-two week high of $267.62.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.17%. Boeing Company (The)’s dividend payout ratio (DPR) is currently 52.21%.

ILLEGAL ACTIVITY NOTICE: “Atlantic Trust Group LLC Lowers Stake in Boeing Company (The) (BA)” was reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.dailypolitical.com/2017/11/19/atlantic-trust-group-llc-lowers-stake-in-boeing-company-the-ba.html.

Boeing Company (The) Company 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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Company (The) (NYSE:BA).

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

Receive News & Ratings for Boeing Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.