Fishman Jay A Ltd. MI increased its holdings in shares of Boeing Co (NYSE:BA) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,190 shares of the aircraft producer’s stock after acquiring an additional 600 shares during the period. Boeing makes up 3.5% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 12th largest holding. Fishman Jay A Ltd. MI’s holdings in Boeing were worth $18,715,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of BA. First Business Financial Services Inc. raised its holdings in Boeing by 1.0% in the third quarter. First Business Financial Services Inc. now owns 3,415 shares of the aircraft producer’s stock worth $1,299,000 after buying an additional 35 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Boeing by 19.3% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 14,414 shares of the aircraft producer’s stock worth $5,484,000 after buying an additional 2,327 shares during the last quarter. D L Carlson Investment Group Inc. raised its holdings in Boeing by 26.4% in the third quarter. D L Carlson Investment Group Inc. now owns 10,408 shares of the aircraft producer’s stock worth $3,960,000 after buying an additional 2,175 shares during the last quarter. Whitnell & Co. raised its holdings in Boeing by 645.5% in the third quarter. Whitnell & Co. now owns 2,050 shares of the aircraft producer’s stock worth $780,000 after buying an additional 1,775 shares during the last quarter. Finally, Lenox Wealth Management Inc. raised its holdings in Boeing by 10.8% in the third quarter. Lenox Wealth Management Inc. now owns 1,212 shares of the aircraft producer’s stock worth $461,000 after buying an additional 118 shares during the last quarter. 67.84% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have issued reports on BA. Jefferies Financial Group set a $420.00 target price on shares of Boeing and gave the stock a “buy” rating in a report on Monday, October 28th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Wolfe Research cut shares of Boeing from an “outperform” rating to a “peer perform” rating and decreased their target price for the stock from $404.00 to $393.00 in a report on Thursday, July 25th. JPMorgan Chase & Co. decreased their target price on shares of Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, Cowen set a $460.00 price objective on shares of Boeing and gave the company a “buy” rating in a report on Friday, October 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. Boeing currently has an average rating of “Hold” and a consensus target price of $379.30.
Shares of BA traded down $6.31 during mid-day trading on Friday, hitting $351.00. 3,117,554 shares of the company traded hands, compared to its average volume of 5,364,701. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.31 and a current ratio of 1.11. The stock has a 50-day moving average price of $362.82 and a two-hundred day moving average price of $358.59. Boeing Co has a 1 year low of $292.47 and a 1 year high of $446.01. The stock has a market cap of $201.64 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 39.90 and a beta of 1.24.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 EPS for the quarter, missing the Zacks’ consensus estimate of $2.04 by ($0.59). Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The business had revenue of $19.98 billion for the quarter, compared to analysts’ expectations of $20 billion. During the same period in the prior year, the company posted $3.58 earnings per share. The firm’s quarterly revenue was down 20.5% on a year-over-year basis. On average, analysts forecast that Boeing Co will post 1.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be issued a dividend of $2.055 per share. The ex-dividend date is Thursday, November 7th. This represents a $8.22 dividend on an annualized basis and a yield of 2.34%. Boeing’s dividend payout ratio is currently 51.34%.
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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