Boeing Company (The) (BA) Stake Increased by Associated Banc Corp
Associated Banc Corp grew its holdings in shares of Boeing Company (The) (NYSE:BA) by 0.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,878 shares of the aircraft producer’s stock after acquiring an additional 34 shares during the period. Associated Banc Corp’s holdings in Boeing were worth $13,423,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC grew its stake in Boeing by 181.9% in the first 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. Catamount Wealth Management acquired a new position in Boeing in the second quarter valued at approximately $138,000. Herndon Capital Management LLC boosted its stake in Boeing 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. SRS Capital Advisors Inc. boosted its stake in Boeing 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. Finally, Omnia Family Wealth LLC boosted its stake in Boeing by 5.3% in the second quarter. Omnia Family Wealth LLC now owns 835 shares of the aircraft producer’s stock valued at $165,000 after acquiring an additional 42 shares during the period. Institutional investors own 70.77% of the company’s stock.
Boeing Company (BA) opened at $267.99 on Wednesday. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39. The stock has a market cap of $159,610.00, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22. Boeing Company has a 12-month low of $149.11 and a 12-month high of $268.01.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.51 earnings per share. equities analysts forecast that Boeing Company will post 10.1 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, November 9th. Boeing’s payout ratio is 52.25%.
A number of research firms have recently weighed in on BA. Argus reaffirmed a “buy” rating and set a $270.00 price target on shares of Boeing in a report on Tuesday, August 1st. Zacks Investment Research cut Boeing from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Vetr cut Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 price target on the stock. in a report on Wednesday, August 16th. Wells Fargo & Company reaffirmed a “hold” rating and set a $255.00 price target (up previously from $240.00) on shares of Boeing in a report on Wednesday, September 20th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $274.00 price target on shares of Boeing in a report on Friday, August 11th. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $257.94.
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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