Financial Counselors Inc. decreased its holdings in Boeing Co (NYSE:BA) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,001 shares of the aircraft producer’s stock after selling 885 shares during the quarter. Financial Counselors Inc.’s holdings in Boeing were worth $8,388,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Thompson Davis & CO. Inc. lifted its position in shares of Boeing by 135.0% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 531 shares of the aircraft producer’s stock worth $178,000 after buying an additional 305 shares during the last quarter. Cavalier Investments LLC lifted its position in shares of Boeing by 207.1% during the 2nd quarter. Cavalier Investments LLC now owns 4,300 shares of the aircraft producer’s stock worth $1,442,000 after buying an additional 2,900 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Boeing during the 2nd quarter worth approximately $19,233,000. Sandy Spring Bank lifted its position in shares of Boeing by 1.7% during the 2nd quarter. Sandy Spring Bank now owns 11,468 shares of the aircraft producer’s stock worth $3,848,000 after buying an additional 188 shares during the last quarter. Finally, Barings LLC lifted its position in shares of Boeing by 19.2% during the 2nd quarter. Barings LLC now owns 49,820 shares of the aircraft producer’s stock worth $16,715,000 after buying an additional 8,012 shares during the last quarter. 69.74% of the stock is owned by institutional investors and hedge funds.
Shares of Boeing stock opened at $359.80 on Friday. The firm has a market capitalization of $203.04 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.76 and a beta of 1.44. Boeing Co has a 12 month low of $246.21 and a 12 month high of $374.48. The company has a debt-to-equity ratio of -7.65, a quick ratio of 0.32 and a current ratio of 1.11.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Friday, August 10th were paid a $1.71 dividend. The ex-dividend date was Thursday, August 9th. This represents a $6.84 annualized dividend and a yield of 1.90%. Boeing’s dividend payout ratio is currently 56.81%.
BA has been the subject of several recent analyst reports. UBS Group initiated coverage on shares of Boeing in a research report on Wednesday, August 15th. They set a “buy” rating and a $515.00 price objective for the company. Robert W. Baird restated a “buy” rating and set a $450.00 price objective on shares of Boeing in a research report on Monday, August 13th. Jefferies Financial Group restated a “buy” rating and set a $410.00 price objective on shares of Boeing in a research report on Sunday, July 29th. Credit Suisse Group restated a “buy” rating and set a $455.00 price objective on shares of Boeing in a research report on Thursday, July 26th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $400.00 target price on shares of Boeing in a report on Thursday, July 26th. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $400.60.
Boeing Company 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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