Cambridge Investment Research Advisors Inc. boosted its stake in Boeing Co (NYSE:BA) by 8.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,953 shares of the aircraft producer’s stock after buying an additional 5,378 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Boeing were worth $24,141,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of BA. Argent Trust Co boosted its holdings in Boeing by 5.1% during the 4th quarter. Argent Trust Co now owns 5,625 shares of the aircraft producer’s stock worth $1,659,000 after acquiring an additional 271 shares during the last quarter. Aspiriant LLC purchased a new position in Boeing during the 1st quarter worth $900,000. Stellar Capital Management LLC purchased a new position in Boeing during the 1st quarter worth $566,000. Rossmore Private Capital boosted its holdings in Boeing by 21.1% during the 1st quarter. Rossmore Private Capital now owns 2,587 shares of the aircraft producer’s stock worth $848,000 after acquiring an additional 450 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in Boeing during the 1st quarter worth $4,460,000. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:BA opened at $360.11 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.32 and a debt-to-equity ratio of -7.65. The stock has a market capitalization of $213.66 billion, a P/E ratio of 29.67, a P/E/G ratio of 1.85 and a beta of 1.39. Boeing Co has a fifty-two week low of $254.50 and a fifty-two week high of $394.28.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.45 by ($0.12). The company had revenue of $24.26 billion during the quarter, compared to analysts’ expectations of $24.02 billion. Boeing had a return on equity of 2,344.87% and a net margin of 9.92%. Boeing’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $2.55 earnings per share. On average, analysts expect that Boeing Co will post 14.6 EPS for the current year.

A number of equities analysts have issued reports on BA shares. Canaccord Genuity reaffirmed a “hold” rating and set a $350.00 price objective on shares of Boeing in a report on Tuesday, July 24th. Cowen reaffirmed a “buy” rating and set a $430.00 price objective on shares of Boeing in a report on Friday, July 13th. Jefferies Financial Group lifted their price objective on shares of Boeing to $410.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. ValuEngine downgraded shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $450.00 price objective on shares of Boeing in a report on Monday, August 13th. Six investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $401.25.

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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