Duff & Phelps Investment Management Co. reduced its stake in shares of Boeing Co (NYSE:BA) by 4.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,880 shares of the aircraft producer’s stock after selling 250 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Boeing were worth $1,973,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Boeing by 220.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock valued at $105,000 after buying an additional 220 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in shares of Boeing during the 1st quarter valued at approximately $108,000. Advisors Preferred LLC purchased a new stake in shares of Boeing during the 1st quarter valued at approximately $111,000. SWS Partners purchased a new stake in shares of Boeing during the 4th quarter valued at approximately $123,000. Finally, Lucia Wealth Services LLC purchased a new stake in shares of Boeing during the 1st quarter valued at approximately $126,000. 69.74% of the stock is owned by hedge funds and other institutional investors.

NYSE BA opened at $353.41 on Thursday. Boeing Co has a 1 year low of $237.09 and a 1 year high of $374.48. The company has a debt-to-equity ratio of -7.65, a quick ratio of 0.32 and a current ratio of 1.11. The company has a market capitalization of $200.66 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 1.74 and a beta of 1.45.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by ($0.12). The company had revenue of $24.26 billion for the quarter, compared to analysts’ expectations of $24.02 billion. Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.55 EPS. research analysts forecast that Boeing Co will post 14.63 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Friday, August 10th were given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Thursday, August 9th. Boeing’s dividend payout ratio (DPR) is currently 56.81%.

BA has been the topic of a number of recent research reports. Canaccord Genuity restated a “hold” rating and set a $350.00 price target on shares of Boeing in a research note on Tuesday, July 24th. Cowen restated a “buy” rating and set a $430.00 price target on shares of Boeing in a research note on Friday, July 13th. ValuEngine cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Robert W. Baird restated a “buy” rating and set a $450.00 price target on shares of Boeing in a research note on Monday, August 13th. Finally, Jefferies Financial Group restated a “buy” rating and set a $410.00 price target on shares of Boeing in a research note on Sunday, July 29th. Seven investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $396.41.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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