Boeing Company (The) (BA) Shares Bought by Burney Co.

Burney Co. boosted its stake in shares of Boeing Company (The) (NYSE:BA) by 3.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,699 shares of the aircraft producer’s stock after purchasing an additional 1,039 shares during the period. Burney Co.’s holdings in Boeing Company (The) were worth $6,852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BA. Harbour Capital Advisors LLC lifted its stake in Boeing Company (The) by 18,613.5% in the second quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock valued at $6,787,000 after acquiring an additional 1,334,957 shares during the last quarter. AQR Capital Management LLC lifted its stake in Boeing Company (The) by 66.5% in the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after acquiring an additional 1,049,546 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Boeing Company (The) by 63.7% in the second quarter. Principal Financial Group Inc. now owns 1,442,748 shares of the aircraft producer’s stock valued at $285,303,000 after acquiring an additional 561,343 shares during the last quarter. Swiss National Bank lifted its stake in Boeing Company (The) by 25.2% in the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock valued at $367,407,000 after acquiring an additional 418,500 shares during the last quarter. Finally, Bank of Nova Scotia lifted its stake in Boeing Company (The) by 181.0% in the first quarter. Bank of Nova Scotia now owns 609,760 shares of the aircraft producer’s stock valued at $107,843,000 after acquiring an additional 392,786 shares during the last quarter. 71.99% of the stock is currently owned by hedge funds and other institutional investors.

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Boeing Company (BA) opened at $261.76 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. Boeing Company has a 52-week low of $144.46 and a 52-week high of $267.62. The stock has a market cap of $156,291.72, a PE ratio of 26.92, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22.

Boeing Company (The) (NYSE:BA) last released its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $24.09 billion. During the same period in the prior year, the company posted $3.51 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. equities research analysts anticipate that Boeing Company will post 10.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.17%. Boeing Company (The)’s payout ratio is presently 52.21%.

A number of analysts have recently weighed in on BA shares. Deutsche Bank AG boosted their price objective on shares of Boeing Company (The) to $300.00 and gave the stock a “buy” rating in a research note on Thursday, September 14th. Berenberg Bank set a $245.00 price objective on shares of Boeing Company (The) and gave the stock a “buy” rating in a research note on Friday, July 21st. Jefferies Group LLC reaffirmed a “buy” rating and set a $300.00 target price on shares of Boeing Company (The) in a research report on Friday, October 6th. Credit Suisse Group reaffirmed a “sell” rating on shares of Boeing Company (The) in a research report on Friday, July 28th. Finally, Nord/LB set a $250.00 target price on shares of Boeing Company (The) and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Boeing Company (The) has a consensus rating of “Buy” and a consensus target price of $256.68.

Boeing Company (The) Profile

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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