Boeing Company (The) (BA) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. trimmed its holdings in shares of Boeing Company (The) (NYSE:BA) by 20.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 898,657 shares of the aircraft producer’s stock after selling 226,794 shares during the quarter. Prudential Financial Inc. owned 0.15% of Boeing Company (The) worth $177,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp grew its stake in Boeing Company (The) by 0.3% during the 1st quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock worth $5,028,731,000 after buying an additional 87,850 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Boeing Company (The) by 4.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,066,519 shares of the aircraft producer’s stock worth $606,405,000 after buying an additional 123,420 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Boeing Company (The) by 9.3% in the second quarter. Legal & General Group Plc now owns 2,906,822 shares of the aircraft producer’s stock worth $574,841,000 after buying an additional 246,578 shares during the last quarter. AQR Capital Management LLC raised its holdings in Boeing Company (The) by 66.5% in the 1st quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock worth $464,732,000 after purchasing an additional 1,049,546 shares during the period. Finally, Swiss National Bank raised its holdings in Boeing Company (The) by 25.2% in the 1st quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock worth $367,407,000 after purchasing an additional 418,500 shares during the period. Hedge funds and other institutional investors own 71.51% of the company’s stock.

Boeing Company (NYSE BA) opened at $261.75 on Monday. Boeing Company has a twelve month low of $138.80 and a twelve month high of $267.21. The stock has a market capitalization of $155,892.67, a PE ratio of 26.85, a P/E/G ratio of 1.99 and a beta of 1.22. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $24.09 billion. During the same quarter in the previous year, the company earned $3.51 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. analysts expect that Boeing Company will post 10.1 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.17%. Boeing Company (The)’s payout ratio is 52.21%.

A number of equities analysts recently weighed in on the company. Vetr cut Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price target for the company. in a report on Wednesday, July 26th. Zacks Investment Research cut Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. 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. ValuEngine raised Boeing Company (The) from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Credit Suisse Group raised Boeing Company (The) from a “neutral” rating to an “outperform” rating and increased their target price for the company from $200.00 to $300.00 in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $255.94.

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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.

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

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