Victory Capital Management Inc. increased its stake in shares of Boeing Co (NYSE:BA) by 19.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,016 shares of the aircraft producer’s stock after acquiring an additional 7,576 shares during the period. Victory Capital Management Inc.’s holdings in Boeing were worth $17,485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of BA. FMR LLC boosted its position in 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 in the last quarter. Janus Henderson Group PLC boosted its position in 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 in the last quarter. Bank of New York Mellon Corp boosted its position in Boeing by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 5,158,335 shares of the aircraft producer’s stock worth $1,730,674,000 after purchasing an additional 227,374 shares in the last quarter. American Century Companies Inc. boosted its position in Boeing by 2.0% during the second quarter. American Century Companies Inc. now owns 2,898,444 shares of the aircraft producer’s stock worth $972,457,000 after purchasing an additional 56,375 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its position in 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 in the last quarter. 69.64% of the stock is currently owned by hedge funds and other institutional investors.

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

A number of brokerages have issued reports on BA. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $407.00 price target on the stock in a research report on Friday, October 26th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $400.00 price target on shares of Boeing in a research report on Thursday. Jefferies Financial Group raised their target price on Boeing from $415.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, October 25th. ValuEngine upgraded Boeing from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. Finally, Tigress Financial restated a “buy” rating on shares of Boeing in a research report on Monday, November 26th. Eight investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Boeing has a consensus rating of “Buy” and an average target price of $410.21.

Shares of Boeing stock opened at $323.22 on Friday. Boeing Co has a one year low of $279.90 and a one year high of $394.28. The company has a market cap of $188.48 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.65 and a beta of 1.30. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 8.07.

Boeing (NYSE:BA) last announced 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. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The firm had revenue of $25.15 billion for the quarter, compared to the consensus estimate of $23.84 billion. During the same quarter last year, the business posted $2.72 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, research analysts predict that Boeing Co will post 15.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 9th were given a dividend of $1.71 per share. The ex-dividend date was Thursday, November 8th. This represents a $6.84 dividend on an annualized basis and a yield of 2.12%. Boeing’s payout ratio is 56.81%.

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About Boeing

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.

See Also: Diversification

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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