Boeing Company (The) (BA) Stake Maintained by Dorsey & Whitney Trust CO LLC
Dorsey & Whitney Trust CO LLC continued to hold its position in shares of Boeing Company (The) (NYSE:BA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,967 shares of the aircraft producer’s stock at the end of the 2nd quarter. Dorsey & Whitney Trust CO LLC’s holdings in Boeing were worth $982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC increased its position in shares of Boeing 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 last quarter. Vantage Investment Advisors LLC increased its position in shares of Boeing by 11.1% in the second quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after acquiring an additional 84 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of 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 last quarter. Catamount Wealth Management acquired a new stake in shares of Boeing in the second quarter valued at about $138,000. Finally, Herndon Capital Management LLC increased its position in shares of 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 last quarter. 70.77% of the stock is currently owned by hedge funds and other institutional investors.
BA has been the topic of a number of recent research reports. Vetr downgraded Boeing from a “buy” rating to a “hold” rating and set a $241.25 target price on the stock. in a research report on Wednesday, August 2nd. UBS boosted their price target on Boeing from $180.00 to $253.00 and gave the stock a “neutral” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Sanford C. Bernstein reissued an “outperform” rating and set a $274.00 price target on shares of Boeing in a research report on Friday, August 11th. Finally, Morgan Stanley set a $260.00 price target on Boeing and gave the stock a “hold” rating in a research report on Thursday, August 17th. Eleven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $257.94.
Shares of Boeing Company (BA) opened at $269.30 on Thursday. Boeing Company has a 1-year low of $149.11 and a 1-year high of $269.68. The stock has a market capitalization of $159,609.08, a P/E ratio of 27.49, a PEG ratio of 2.04 and a beta of 1.22. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.07. Boeing 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 analysts’ expectations of $24.09 billion. During the same quarter in the previous year, the company posted $3.51 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. equities research analysts expect 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. Stockholders of record on Friday, November 10th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is 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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