First Business Financial Services Inc. Has $1.30 Million Holdings in Boeing Co (NYSE:BA)

First Business Financial Services Inc. lifted its holdings in shares of Boeing Co (NYSE:BA) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,415 shares of the aircraft producer’s stock after purchasing an additional 35 shares during the period. Boeing accounts for 0.2% of First Business Financial Services Inc.’s holdings, making the stock its 20th biggest holding. First Business Financial Services Inc.’s holdings in Boeing were worth $1,299,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Thomasville National Bank increased its stake in Boeing by 10.6% in the second quarter. Thomasville National Bank now owns 9,650 shares of the aircraft producer’s stock valued at $3,512,000 after purchasing an additional 927 shares in the last quarter. Private Asset Management Inc. increased its position in shares of Boeing by 369.3% during the second quarter. Private Asset Management Inc. now owns 10,321 shares of the aircraft producer’s stock worth $3,757,000 after acquiring an additional 8,122 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Boeing by 18.4% during the second quarter. Fulton Bank N.A. now owns 13,504 shares of the aircraft producer’s stock worth $4,916,000 after acquiring an additional 2,101 shares in the last quarter. Verde Servicos Internacionais S.A. increased its position in shares of Boeing by 44.3% during the second quarter. Verde Servicos Internacionais S.A. now owns 14,462 shares of the aircraft producer’s stock worth $5,264,000 after acquiring an additional 4,438 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new stake in shares of Boeing during the second quarter worth about $589,000. Institutional investors own 67.84% of the company’s stock.

BA traded down $6.31 during midday trading on Friday, reaching $351.00. The company had a trading volume of 3,117,554 shares, compared to its average volume of 5,364,701. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.31 and a current ratio of 1.11. The stock has a market cap of $201.64 billion, a PE ratio of 21.92, a P/E/G ratio of 39.90 and a beta of 1.24. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01. The business has a 50-day moving average price of $362.82 and a two-hundred day moving average price of $358.59.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.04 by ($0.59). The company had revenue of $19.98 billion during the quarter, compared to analysts’ expectations of $20 billion. Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The firm’s revenue was down 20.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.58 earnings per share. On average, research analysts anticipate that Boeing Co will post 1.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a $2.055 dividend. This represents a $8.22 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, November 7th. Boeing’s dividend payout ratio (DPR) is currently 51.34%.

Several equities research analysts have recently commented on the stock. Credit Suisse Group downgraded shares of Boeing from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $416.00 to $323.00 in a research report on Monday, October 21st. Berenberg Bank restated a “buy” rating and set a $410.00 price target on shares of Boeing in a report on Wednesday, October 30th. Bank of America set a $370.00 price target on shares of Boeing and gave the stock a “hold” rating in a report on Monday, October 21st. Citigroup cut their price target on shares of Boeing from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $379.30.

About Boeing

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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