Good Life Advisors LLC boosted its holdings in shares of Boeing Company (The) (NYSE:BA) by 18.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,451 shares of the aircraft producer’s stock after acquiring an additional 229 shares during the quarter. Good Life Advisors LLC’s holdings in Boeing Company (The) were worth $297,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. LMR Partners LLP acquired a new position in shares of Boeing Company (The) during the 2nd quarter valued at $4,904,000. Allegis Investment Advisors LLC acquired a new position in shares of Boeing Company (The) during the 2nd quarter valued at $351,000. Blair William & Co. IL lifted its position in shares of Boeing Company (The) by 4.1% during the 2nd quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock valued at $31,170,000 after acquiring an additional 6,141 shares during the period. Alps Advisors Inc. lifted its position in shares of Boeing Company (The) by 46.4% during the 2nd quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock valued at $956,000 after acquiring an additional 1,532 shares during the period. Finally, Investment Partners Ltd. OH ADV lifted its position in shares of Boeing Company (The) by 1.1% during the 1st quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock valued at $1,274,000 after acquiring an additional 79 shares during the period. 71.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Boeing Company (NYSE:BA) opened at $260.85 on Friday. The stock has a market capitalization of $155,356.53, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.99 and a beta of 1.22. Boeing Company has a 52 week low of $144.46 and a 52 week high of $267.62. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18.
Boeing Company (The) (NYSE:BA) last released its quarterly 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 business had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. Boeing Company (The) had a return on equity of 12,064.25% and a net margin of 7.33%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.51 EPS. equities research analysts anticipate that Boeing Company will post 10.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a dividend of $1.42 per share. The ex-dividend date is Thursday, November 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.18%. Boeing Company (The)’s dividend payout ratio (DPR) is presently 52.21%.
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BA has been the topic of several research reports. Cowen and Company restated a “buy” rating and set a $255.00 price objective on shares of Boeing Company (The) in a report on Monday, July 17th. ValuEngine downgraded shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Bank of America Corporation upgraded shares of Boeing Company (The) from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $150.00 to $225.00 in a report on Wednesday, July 19th. Credit Suisse Group restated a “hold” rating on shares of Boeing Company (The) in a report on Wednesday, July 19th. Finally, Berenberg Bank set a $245.00 target price on shares of Boeing Company (The) and gave the stock a “buy” rating in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $255.94.
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.
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