First Long Island Investors LLC Acquires 4,037 Shares of Boeing Co (NYSE:BA)

First Long Island Investors LLC increased its holdings in shares of Boeing Co (NYSE:BA) by 10.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 44,527 shares of the aircraft producer’s stock after purchasing an additional 4,037 shares during the period. Boeing accounts for approximately 2.1% of First Long Island Investors LLC’s holdings, making the stock its 17th largest position. First Long Island Investors LLC’s holdings in Boeing were worth $16,941,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BA. Putnam FL Investment Management Co. grew its stake in shares of Boeing by 14.0% in the third quarter. Putnam FL Investment Management Co. now owns 3,119 shares of the aircraft producer’s stock worth $1,187,000 after purchasing an additional 382 shares during the last quarter. BBVA USA Bancshares Inc. raised its holdings in shares of Boeing by 16.8% during the third quarter. BBVA USA Bancshares Inc. now owns 12,853 shares of the aircraft producer’s stock valued at $4,890,000 after purchasing an additional 1,846 shares during the period. Groesbeck Investment Management Corp NJ raised its holdings in shares of Boeing by 9.3% during the third quarter. Groesbeck Investment Management Corp NJ now owns 2,341 shares of the aircraft producer’s stock valued at $891,000 after purchasing an additional 200 shares during the period. SlateStone Wealth LLC raised its holdings in shares of Boeing by 13.3% during the third quarter. SlateStone Wealth LLC now owns 3,335 shares of the aircraft producer’s stock valued at $1,269,000 after purchasing an additional 392 shares during the period. Finally, Intersect Capital LLC raised its holdings in shares of Boeing by 0.7% during the third quarter. Intersect Capital LLC now owns 8,353 shares of the aircraft producer’s stock valued at $3,178,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 67.72% of the company’s stock.

BA opened at $366.96 on Tuesday. The company has a 50 day moving average of $361.71 and a 200 day moving average of $358.32. The company has a market cap of $197.54 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 39.09 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 company has a current ratio of 1.11, a quick ratio of 0.31 and a debt-to-equity ratio of 48.98.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported $1.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by ($0.59). The business had revenue of $19.98 billion during the quarter, compared to the consensus estimate of $20 billion. Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. The firm’s quarterly revenue was down 20.5% on a year-over-year basis. During the same period last year, the business posted $3.58 earnings per share. Research analysts forecast that Boeing Co will post 1.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a $2.055 dividend. This represents a $8.22 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, November 7th. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

A number of research firms recently weighed in on BA. Jefferies Financial Group set a $420.00 target price on shares of Boeing and gave the stock a “buy” rating in a report on Monday, October 28th. Robert W. Baird lowered shares of Boeing from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $445.00 to $342.00 in a report on Monday, October 21st. Cowen set a $460.00 target price on shares of Boeing and gave the stock a “buy” rating in a report on Friday, October 11th. Wolfe Research lowered shares of Boeing from an “outperform” rating to a “peer perform” rating and lowered their target price for the stock from $404.00 to $393.00 in a report on Thursday, July 25th. Finally, Berenberg Bank restated a “buy” rating and issued a $410.00 target price on shares of Boeing in a report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. Boeing presently has an average rating of “Hold” and an average target price of $379.30.

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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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