Boeing Company (The) (BA) is Sheaff Brock Investment Advisors LLC’s 5th Largest Position

Sheaff Brock Investment Advisors LLC cut its holdings in Boeing Company (The) (NYSE:BA) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,506 shares of the aircraft producer’s stock after selling 410 shares during the period. Boeing Company (The) makes up approximately 1.4% of Sheaff Brock Investment Advisors LLC’s portfolio, making the stock its 5th biggest position. Sheaff Brock Investment Advisors LLC’s holdings in Boeing Company (The) were worth $10,581,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Shoker Investment Counsel Inc. boosted its stake in Boeing Company (The) by 13.9% during the 2nd quarter. Shoker Investment Counsel Inc. now owns 8,085 shares of the aircraft producer’s stock valued at $1,598,000 after purchasing an additional 987 shares during the last quarter. LSV Asset Management boosted its stake in Boeing Company (The) by 0.7% during the 2nd quarter. LSV Asset Management now owns 3,006,858 shares of the aircraft producer’s stock valued at $594,606,000 after purchasing an additional 21,804 shares during the last quarter. Polaris Greystone Financial Group LLC boosted its stake in Boeing Company (The) by 2.3% during the 2nd quarter. Polaris Greystone Financial Group LLC now owns 5,416 shares of the aircraft producer’s stock valued at $1,071,000 after purchasing an additional 120 shares during the last quarter. Argent Trust Co boosted its stake in Boeing Company (The) by 16.5% during the 2nd quarter. Argent Trust Co now owns 5,641 shares of the aircraft producer’s stock valued at $1,116,000 after purchasing an additional 800 shares during the last quarter. Finally, WMS Partners LLC boosted its stake in Boeing Company (The) by 5.3% during the 2nd quarter. WMS Partners LLC now owns 2,943 shares of the aircraft producer’s stock valued at $582,000 after purchasing an additional 148 shares during the last quarter. 72.04% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts have commented on BA shares. Canaccord Genuity reissued a “hold” rating and set a $215.00 target price (up previously from $200.00) on shares of Boeing Company (The) in a research report on Sunday, July 30th. Argus reissued a “buy” rating and set a $270.00 target price on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Buckingham Research raised shares of Boeing Company (The) from an “underperform” rating to a “neutral” rating in a report on Friday, July 28th. Vetr raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price target on the stock in a report on Monday, August 7th. Finally, Jefferies Group LLC lifted their price target on shares of Boeing Company (The) from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, September 22nd. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $257.42.

Boeing Company (BA) opened at $264.63 on Tuesday. The company has a market cap of $157,610.00, a PE ratio of 26.90, a PEG ratio of 2.00 and a beta of 1.22. 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 has a one year low of $146.52 and a one year high of $267.62.

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, topping the Zacks’ consensus estimate of $2.65 by $0.07. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The company had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. During the same period in the prior year, the firm earned $3.51 earnings per share. Boeing Company (The)’s revenue was up 1.7% on a year-over-year basis. sell-side analysts predict 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. Investors of record on Friday, November 10th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Thursday, November 9th. Boeing Company (The)’s payout ratio is currently 52.25%.

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.

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

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