Boeing Co (BA) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC boosted its stake in Boeing Co (NYSE:BA) by 6.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,813 shares of the aircraft producer’s stock after buying an additional 175 shares during the period. Ballentine Partners LLC’s holdings in Boeing were worth $1,047,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BA. CSat Investment Advisory L.P. purchased a new stake in Boeing during the second quarter worth about $101,000. Icon Wealth Partners LLC purchased a new stake in Boeing during the second quarter worth about $125,000. James Hambro & Partners purchased a new stake in Boeing during the second quarter worth about $142,000. Marshall & Sullivan Inc. WA purchased a new stake in Boeing during the second quarter worth about $163,000. Finally, Avestar Capital LLC increased its stake in Boeing by 544.7% during the second quarter. Avestar Capital LLC now owns 490 shares of the aircraft producer’s stock worth $161,000 after purchasing an additional 414 shares during the period. Hedge funds and other institutional investors own 69.64% of the company’s stock.

Shares of Boeing stock opened at $359.96 on Tuesday. Boeing Co has a one year low of $274.01 and a one year high of $394.28. The stock has a market cap of $196.92 billion, a PE ratio of 29.90, a P/E/G ratio of 1.73 and a beta of 1.30. The company has a debt-to-equity ratio of 8.07, a current ratio of 1.10 and a quick ratio of 0.32.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.11. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The business had revenue of $25.15 billion during the quarter, compared to the consensus estimate of $23.84 billion. During the same period in the previous year, the company posted $2.72 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, sell-side analysts predict that Boeing Co will post 15.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 9th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, November 8th. Boeing’s dividend payout ratio is presently 56.81%.

BA has been the topic of a number of recent research reports. Jefferies Financial Group boosted their price target on shares of Boeing to $410.00 and gave the stock a “buy” rating in a research note on Thursday, September 6th. Goldman Sachs Group set a $387.00 price target on shares of Boeing and gave the stock a “neutral” rating in a research note on Wednesday, October 24th. Berenberg Bank reiterated a “buy” rating and set a $430.00 price target on shares of Boeing in a research note on Monday, September 3rd. Morgan Stanley set a $400.00 price target on shares of Boeing and gave the stock a “hold” rating in a research note on Friday, September 28th. Finally, Credit Suisse Group boosted their price target on shares of Boeing from $455.00 to $456.00 and gave the stock an “outperform” rating in a research note on Thursday, October 25th. Eight analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $410.21.

In related news, SVP Jenette E. Ramos sold 1,640 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $367.52, for a total value of $602,732.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Diana L. Sands sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $350.07, for a total value of $1,750,350.00. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

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Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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