Usca Ria LLC Buys 10,967 Shares of Boeing Company (The) (NYSE:BA)

Usca Ria LLC boosted its stake in Boeing Company (The) (NYSE:BA) by 54.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,265 shares of the aircraft producer’s stock after purchasing an additional 10,967 shares during the period. Boeing Company (The) makes up about 0.8% of Usca Ria LLC’s investment portfolio, making the stock its 29th biggest holding. Usca Ria LLC’s holdings in Boeing Company (The) were worth $6,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Proficio Capital Partners LLC lifted its position in shares of Boeing Company (The) by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after purchasing an additional 402 shares during the last quarter. Catamount Wealth Management acquired a new stake in shares of Boeing Company (The) in the second quarter valued at approximately $138,000. Herndon Capital Management LLC increased its stake in shares of Boeing Company (The) by 29.7% in the second quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after purchasing an additional 165 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after purchasing an additional 107 shares during the period. Finally, Shine Investment Advisory Services Inc. acquired a new position in shares of Boeing Company (The) during the second quarter valued at approximately $188,000. Hedge funds and other institutional investors own 71.99% of the company’s stock.

Boeing Company (BA) opened at $261.76 on Wednesday. Boeing Company has a 1 year low of $144.46 and a 1 year high of $267.62. The firm has a market cap of $156,291.72, a PE ratio of 26.92, a PEG ratio of 2.00 and a beta of 1.22. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping 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 firm 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 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. sell-side analysts predict that Boeing Company will post 10.1 EPS for the current fiscal year.

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

A number of research analysts recently commented on BA shares. Cowen and Company raised their price objective on shares of Boeing Company (The) from $9.80 to $300.00 in a research note on Wednesday, July 26th. TheStreet upgraded shares of Boeing Company (The) from a “c+” rating to a “b” rating in a report on Wednesday, July 26th. Deutsche Bank AG raised their target price on shares of Boeing Company (The) from $225.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Bank of America Corporation raised shares of Boeing Company (The) from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Thursday, July 27th. Finally, Jefferies Group LLC raised their price objective on shares of Boeing Company (The) to $275.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th. Eleven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Boeing Company (The) presently has a consensus rating of “Buy” and a consensus target price of $256.68.

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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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