McIlrath & Eck LLC lowered its position in shares of Boeing Co (NYSE:BA) by 11.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,446 shares of the aircraft producer’s stock after selling 178 shares during the quarter. Boeing accounts for about 0.3% of McIlrath & Eck LLC’s holdings, making the stock its 18th largest position. McIlrath & Eck LLC’s holdings in Boeing were worth $550,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Claraphi Advisory Network LLC boosted its holdings in shares of Boeing by 3.6% during the 2nd quarter. Claraphi Advisory Network LLC now owns 2,943 shares of the aircraft producer’s stock worth $1,071,000 after buying an additional 103 shares during the period. Dupont Capital Management Corp raised its stake in shares of Boeing by 0.3% in the 2nd quarter. Dupont Capital Management Corp now owns 45,420 shares of the aircraft producer’s stock valued at $16,533,000 after buying an additional 125 shares in the last quarter. Corrado Advisors LLC raised its stake in shares of Boeing by 4.1% in the 2nd quarter. Corrado Advisors LLC now owns 7,901 shares of the aircraft producer’s stock valued at $2,876,000 after buying an additional 310 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Boeing by 1,405.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 30,830 shares of the aircraft producer’s stock valued at $11,222,000 after buying an additional 28,782 shares in the last quarter. Finally, Greenleaf Trust raised its stake in shares of Boeing by 6.3% in the 2nd quarter. Greenleaf Trust now owns 5,782 shares of the aircraft producer’s stock valued at $2,105,000 after buying an additional 342 shares in the last quarter. Institutional investors and hedge funds own 67.84% of the company’s stock.
Shares of Boeing stock traded down $6.31 during mid-day trading on Friday, reaching $351.00. 3,117,554 shares of the stock were exchanged, compared to its average volume of 5,364,701. The company has a market cap of $201.64 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 39.90 and a beta of 1.24. The company has a current ratio of 1.11, a quick ratio of 0.31 and a debt-to-equity ratio of 48.98. The firm has a 50-day simple moving average of $362.82 and a 200 day simple moving average of $358.59. Boeing Co has a fifty-two week low of $292.47 and a fifty-two week high of $446.01.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a $2.055 dividend. This represents a $8.22 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, November 7th. Boeing’s payout ratio is presently 51.34%.
A number of equities analysts have recently issued reports on BA shares. Buckingham Research restated a “hold” rating and issued a $365.00 price objective (down previously from $395.00) on shares of Boeing in a research note on Tuesday, October 29th. Cowen set a $460.00 price objective on shares of Boeing and gave the company a “buy” rating in a research note on Friday, October 11th. Wolfe Research cut shares of Boeing from an “outperform” rating to a “peer perform” rating and dropped their price objective for the company from $404.00 to $393.00 in a research note on Thursday, July 25th. Goldman Sachs Group restated a “neutral” rating and issued a $370.00 price objective on shares of Boeing in a research note on Wednesday, October 23rd. Finally, Credit Suisse Group cut shares of Boeing from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $416.00 to $323.00 in a research report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $379.30.
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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