Merriman Wealth Management LLC Purchases 441 Shares of Boeing Company (The) (BA)

Merriman Wealth Management LLC grew its position in shares of Boeing Company (The) (NYSE:BA) by 16.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,067 shares of the aircraft producer’s stock after buying an additional 441 shares during the period. Merriman Wealth Management LLC’s holdings in Boeing Company (The) were worth $606,000 at the end of the most recent quarter.

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

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Boeing Company (NYSE:BA) opened at $261.75 on Friday. Boeing Company has a 1 year low of $138.80 and a 1 year high of $267.21. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. The stock has a market capitalization of $155,892.55, a PE ratio of 26.85, a PEG ratio of 1.99 and a beta of 1.22.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.07. Boeing Company (The) had a return on equity of 12,064.25% and a net margin of 7.33%. The company had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. During the same period last year, the company earned $3.51 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. research analysts predict that Boeing Company will post 10.1 EPS for the current fiscal 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 $1.42 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.17%. Boeing Company (The)’s payout ratio is currently 52.21%.

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

Several research firms have recently issued reports on BA. Vetr lowered Boeing Company (The) from a “hold” rating to a “sell” rating and set a $254.15 target price on the stock. in a report on Monday, October 23rd. Credit Suisse Group reissued an “outperform” rating and set a $310.00 target price (up from $300.00) on shares of Boeing Company (The) in a report on Tuesday, October 24th. Morgan Stanley increased their target price on Boeing Company (The) from $260.00 to $285.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 24th. Cowen and Company reissued a “buy” rating and set a $315.00 target price on shares of Boeing Company (The) in a report on Thursday, October 26th. Finally, J P Morgan Chase & Co reissued a “buy” rating and set a $300.00 target price on shares of Boeing Company (The) in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $255.94.

About Boeing Company (The)

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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