Allen Capital Group LLC decreased its stake in shares of Boeing Co (NYSE:BA) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,550 shares of the aircraft producer’s stock after selling 215 shares during the period. Allen Capital Group LLC’s holdings in Boeing were worth $576,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in BA. Summit Trail Advisors LLC boosted its holdings in shares of Boeing by 33,457.1% during the first quarter. Summit Trail Advisors LLC now owns 3,700,676 shares of the aircraft producer’s stock worth $3,701,000 after purchasing an additional 3,689,648 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of Boeing by 33,433.9% during the second quarter. Cornerstone Wealth Management LLC now owns 2,409,747 shares of the aircraft producer’s stock worth $7,169,000 after purchasing an additional 2,402,561 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Boeing by 23.3% during the second quarter. Janus Henderson Group PLC now owns 5,928,288 shares of the aircraft producer’s stock worth $1,989,009,000 after purchasing an additional 1,121,675 shares during the last quarter. FMR LLC boosted its holdings in shares of Boeing by 16.0% during the second quarter. FMR LLC now owns 7,415,662 shares of the aircraft producer’s stock worth $2,488,029,000 after purchasing an additional 1,023,959 shares during the last quarter. Finally, Boston Partners acquired a new stake in shares of Boeing during the second quarter worth $328,421,000. 70.13% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on BA shares. Jefferies Financial Group raised their price objective on Boeing to $410.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $407.00 price objective on the stock in a report on Friday, October 26th. Cowen reiterated a “buy” rating and issued a $445.00 target price on shares of Boeing in a report on Monday, October 1st. Credit Suisse Group lifted their target price on Boeing from $455.00 to $456.00 and gave the company an “outperform” rating in a report on Thursday, October 25th. Finally, ValuEngine cut Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Eight research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Boeing currently has an average rating of “Buy” and a consensus price target of $410.21.

In other Boeing news, SVP Diana L. Sands sold 5,000 shares of the business’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $350.07, for a total transaction of $1,750,350.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jenette E. Ramos sold 1,640 shares of the business’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $367.52, for a total value of $602,732.80. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Shares of Boeing stock opened at $317.32 on Thursday. Boeing Co has a twelve month low of $264.53 and a twelve month high of $394.28. The firm has a market capitalization of $182.26 billion, a P/E ratio of 26.36, a PEG ratio of 1.60 and a beta of 1.30. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.32 and a current ratio of 1.10.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.11. The company had revenue of $25.15 billion for the quarter, compared to analysts’ expectations of $23.84 billion. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.72 earnings per share. As a group, equities research analysts predict that Boeing Co will post 15.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, November 8th. Boeing’s dividend payout ratio is presently 56.81%.

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Boeing 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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