Twin Capital Management Inc. Takes Position in Boeing Company (The) (BA)

Twin Capital Management Inc. acquired a new stake in Boeing Company (The) (NYSE:BA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,310 shares of the aircraft producer’s stock, valued at approximately $5,796,000.

Other institutional investors have also recently made changes to their positions in the company. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Boeing Company (The) by 0.3% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock valued at $421,000 after purchasing an additional 6 shares during the last quarter. Accredited Investors Inc. grew its holdings in shares of Boeing Company (The) by 0.4% during the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock valued at $325,000 after purchasing an additional 6 shares during the last quarter. GWM Advisors LLC grew its holdings in shares of Boeing Company (The) by 0.6% during the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock valued at $233,000 after purchasing an additional 8 shares during the last quarter. Silicon Valley Capital Partners grew its holdings in shares of Boeing Company (The) by 0.7% during the second quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock valued at $245,000 after purchasing an additional 9 shares during the last quarter. Finally, Capital Investment Advisory Services LLC grew its holdings in shares of Boeing Company (The) by 0.5% during the second quarter. Capital Investment Advisory Services LLC now owns 2,096 shares of the aircraft producer’s stock valued at $414,000 after purchasing an additional 10 shares during the last quarter. 72.23% of the stock is owned by hedge funds and other institutional investors.

Boeing Company (The) (NYSE:BA) last released its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.07. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The firm had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. During the same quarter in the previous year, the business earned $3.51 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Thursday, November 9th. Boeing Company (The)’s dividend payout ratio is presently 52.21%.

In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction on Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is currently owned by insiders.

BA has been the subject of several recent research reports. Royal Bank Of Canada reaffirmed a “sell” rating and set a $146.00 target price on shares of Boeing Company (The) in a report on Friday, July 7th. Canaccord Genuity reaffirmed a “hold” rating and set a $170.00 target price on shares of Boeing Company (The) in a report on Sunday, July 9th. Jefferies Group LLC upped their target price on Boeing Company (The) from $200.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 10th. Robert W. Baird upped their target price on Boeing Company (The) from $208.00 to $240.00 and gave the company an “outperform” rating in a report on Monday, July 10th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Boeing Company (The) in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $256.21.

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Boeing Company (The) 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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