Community Financial Services Group LLC decreased its stake in shares of Boeing Co (NYSE:BA) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,005 shares of the aircraft producer’s stock after selling 541 shares during the period. Boeing makes up about 4.1% of Community Financial Services Group LLC’s investment portfolio, making the stock its 6th largest holding. Community Financial Services Group LLC’s holdings in Boeing were worth $11,903,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of BA. FMR LLC boosted its holdings 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 during the last quarter. Janus Henderson Group PLC lifted its stake in Boeing by 23.3% in the second quarter. Janus Henderson Group PLC now owns 5,928,288 shares of the aircraft producer’s stock valued at $1,989,009,000 after acquiring an additional 1,121,675 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Boeing by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 5,158,335 shares of the aircraft producer’s stock valued at $1,730,674,000 after acquiring an additional 227,374 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in Boeing by 33,457.1% in the first quarter. Summit Trail Advisors LLC now owns 3,700,676 shares of the aircraft producer’s stock valued at $3,701,000 after acquiring an additional 3,689,648 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Boeing by 2.0% in the second quarter. American Century Companies Inc. now owns 2,898,444 shares of the aircraft producer’s stock valued at $972,457,000 after acquiring an additional 56,375 shares during the last quarter. 70.42% of the stock is owned by institutional investors.
In related news, SVP Diana L. Sands sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $350.07, for a total transaction of $1,750,350.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.24% of the stock is currently owned by company insiders.
A number of analysts have commented on BA shares. Cowen reiterated a “buy” rating and issued a $430.00 price target on shares of Boeing in a research note on Friday, July 13th. Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $393.00 price target for the company in a research note on Monday, July 16th. Canaccord Genuity reiterated a “hold” rating and issued a $350.00 price target on shares of Boeing in a research note on Tuesday, July 24th. Goldman Sachs Group set a $375.00 price target on shares of Boeing and gave the company a “neutral” rating in a research note on Wednesday, July 25th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $400.00 price target on shares of Boeing in a research note on Thursday, July 26th. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $410.21.
NYSE BA opened at $369.34 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.10 and a debt-to-equity ratio of 8.07. The stock has a market cap of $208.11 billion, a PE ratio of 30.68, a P/E/G ratio of 1.77 and a beta of 1.30. Boeing Co has a 52-week low of $259.60 and a 52-week high of $394.28.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.11. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The business had revenue of $25.15 billion for the quarter, compared to analyst estimates of $23.84 billion. During the same period last year, the firm earned $2.72 earnings per share. Boeing’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities research analysts expect that Boeing Co will post 15.07 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 9th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Thursday, November 8th. Boeing’s dividend payout ratio is 56.81%.
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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