Torray LLC Continues to Hold Stake in Boeing Company (The) (BA)

Torray LLC held its stake in shares of Boeing Company (The) (NYSE:BA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,180 shares of the aircraft producer’s stock at the close of the 2nd quarter. Torray LLC’s holdings in Boeing Company (The) were worth $827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BA. LMR Partners LLP bought a new position in shares of Boeing Company (The) during the 2nd quarter worth approximately $4,904,000. Allegis Investment Advisors LLC bought a new position in shares of Boeing Company (The) during the 2nd quarter worth approximately $351,000. Investment Partners Ltd. OH ADV raised its stake in shares of Boeing Company (The) by 1.1% during the 1st quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock worth $1,274,000 after acquiring an additional 79 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Boeing Company (The) by 4.1% during the 2nd quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock worth $31,170,000 after acquiring an additional 6,141 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its stake in shares of Boeing Company (The) by 7.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock worth $1,199,000 after acquiring an additional 499 shares in the last quarter. 72.23% of the stock is owned by hedge funds and other institutional investors.

In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.28% of the company’s stock.

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Shares of Boeing Company (NYSE BA) opened at 259.25 on Tuesday. The stock has a market capitalization of $153.24 billion, a P/E ratio of 22.71 and a beta of 1.21. Boeing Company has a one year low of $138.80 and a one year high of $267.21. The company’s 50-day moving average is $255.96 and its 200-day moving average is $219.34.

Boeing Company (The) (NYSE:BA) last announced its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.07. The business had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.51 EPS. On average, equities research analysts anticipate that Boeing Company will post $10.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.19%. Boeing Company (The)’s dividend payout ratio is currently 52.21%.

Several research analysts recently commented on BA shares. Cowen and Company boosted their price objective on shares of Boeing Company (The) from $9.80 to $300.00 in a research note on Wednesday, July 26th. TheStreet upgraded shares of Boeing Company (The) from a “c+” rating to a “b” rating in a research note on Wednesday, July 26th. Zacks Investment Research upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a research note on Tuesday, July 11th. Jefferies Group LLC boosted their price objective on shares of Boeing Company (The) from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Finally, Berenberg Bank set a $245.00 price objective on shares of Boeing Company (The) and gave the stock a “buy” rating in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Boeing Company (The) presently has an average rating of “Buy” and a consensus price target of $256.21.

Boeing Company (The) Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

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Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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