Vanguard Group Inc. Buys 407,511 Shares of Boeing Company (The) (BA)
Vanguard Group Inc. grew its stake in shares of Boeing Company (The) (NYSE:BA) by 1.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 40,412,706 shares of the aircraft producer’s stock after purchasing an additional 407,511 shares during the period. Vanguard Group Inc. owned about 6.84% of Boeing worth $7,991,613,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of BA. Buckingham Asset Management LLC increased its holdings in Boeing by 0.5% during the 1st quarter. Buckingham Asset Management LLC now owns 13,965 shares of the aircraft producer’s stock worth $2,470,000 after purchasing an additional 65 shares in the last quarter. Heritage Trust Co bought a new stake in Boeing during the 1st quarter worth approximately $361,000. Outfitter Advisors LTD. boosted its stake in shares of Boeing by 20.9% in the 1st quarter. Outfitter Advisors LTD. now owns 4,052 shares of the aircraft producer’s stock worth $717,000 after buying an additional 700 shares during the last quarter. Pitcairn Co. boosted its stake in shares of Boeing by 93.9% in the 1st quarter. Pitcairn Co. now owns 7,048 shares of the aircraft producer’s stock worth $1,246,000 after buying an additional 3,413 shares during the last quarter. Finally, Ffcm LLC boosted its stake in shares of Boeing by 6.9% in the 1st quarter. Ffcm LLC now owns 38,380 shares of the aircraft producer’s stock worth $6,788,000 after buying an additional 2,490 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on BA shares. Vetr downgraded Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 target price on the stock. in a research note on Wednesday, August 16th. Canaccord Genuity boosted their target price on Boeing from $245.00 to $250.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Jefferies Group boosted their target price on Boeing from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, September 22nd. Zacks Investment Research upgraded Boeing from a “hold” rating to a “strong-buy” rating and set a $271.00 target price on the stock in a research note on Tuesday, August 22nd. Finally, Wells Fargo & Company restated a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of Boeing in a research note on Wednesday, September 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $257.81.
Boeing Company (BA) opened at $278.27 on Thursday. Boeing Company has a 12 month low of $151.07 and a 12 month high of $281.83. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. The company has a market capitalization of $164,105.70, a P/E ratio of 28.26, a P/E/G ratio of 2.10 and a beta of 1.24.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The business had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. During the same quarter in the prior year, the business earned $3.51 earnings per share. Boeing’s revenue for the quarter was up 1.7% on a year-over-year basis. equities analysts expect that Boeing Company will post 10.1 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were paid a $1.42 dividend. The ex-dividend date was Thursday, November 9th. This represents a $5.68 annualized dividend and a yield of 2.04%. Boeing’s payout ratio is 52.21%.
Boeing 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.
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