Ativo Capital Management LLC acquired a new position in Boeing Company (The) (NYSE:BA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,218 shares of the aircraft producer’s stock, valued at approximately $1,427,000.
A number of other institutional investors have also made changes to their positions in BA. Proficio Capital Partners LLC raised its stake in shares of Boeing by 181.9% during the 1st quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after purchasing an additional 402 shares in the last quarter. Vantage Investment Advisors LLC raised its stake in shares of Boeing by 11.1% during the 2nd quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock worth $123,000 after purchasing an additional 84 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Boeing by 16.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after purchasing an additional 107 shares in the last quarter. Catamount Wealth Management purchased a new stake in shares of Boeing during the 2nd quarter worth about $138,000. Finally, Herndon Capital Management LLC raised its stake in shares of Boeing by 29.7% during the 2nd quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock worth $142,000 after purchasing an additional 165 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on BA shares. Vetr downgraded Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 price target for the company. in a research note on Wednesday, August 16th. Canaccord Genuity raised their price target on Boeing from $245.00 to $250.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Jefferies Group raised their price target on Boeing from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, September 22nd. Zacks Investment Research raised Boeing from a “hold” rating to a “strong-buy” rating and set a $271.00 price target for the company in a research note on Tuesday, August 22nd. Finally, Wells Fargo & Company reissued a “hold” rating and issued a $255.00 price objective (up from $240.00) on shares of Boeing in a research note on Wednesday, September 20th. One 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’s stock. Boeing presently has an average rating of “Buy” and an average target price of $257.81.
Boeing (NYSE:BA) last released its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.51 EPS. equities research analysts forecast that Boeing Company will post 10.1 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Thursday, November 9th. Boeing’s dividend payout ratio (DPR) is currently 52.21%.
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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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