Virginia Retirement Systems ET AL reduced its position in shares of Boeing Co (NYSE:BA) by 48.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,600 shares of the aircraft producer’s stock after selling 68,400 shares during the period. Virginia Retirement Systems ET AL’s holdings in Boeing were worth $26,791,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Thoroughbred Financial Services LLC grew its stake in shares of Boeing by 36,928.2% in the second quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock worth $623,555,000 after purchasing an additional 6,218,711 shares during the last quarter. FMR LLC grew its stake in shares of Boeing by 26.5% in the first quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock worth $4,211,577,000 after purchasing an additional 2,311,630 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of Boeing by 33.6% in the fourth quarter. Two Sigma Advisers LP now owns 995,560 shares of the aircraft producer’s stock worth $321,068,000 after purchasing an additional 250,600 shares during the last quarter. Mackay Shields LLC bought a new stake in shares of Boeing in the fourth quarter worth $77,540,000. Finally, Geode Capital Management LLC grew its stake in shares of Boeing by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 6,262,103 shares of the aircraft producer’s stock worth $2,015,856,000 after purchasing an additional 214,945 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.
BA has been the topic of several analyst reports. Zacks Investment Research raised shares of Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 price objective on the stock in a research note on Monday, June 10th. JPMorgan Chase & Co. reduced their price objective on shares of Boeing from $430.00 to $425.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Cowen set a $460.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Friday, July 19th. Canaccord Genuity set a $380.00 price objective on shares of Boeing and gave the stock a “hold” rating in a research note on Friday, July 19th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $425.00 price objective on shares of Boeing in a research note on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $403.10.
BA traded up $2.13 during trading on Thursday, reaching $333.51. 102,977 shares of the stock traded hands, compared to its average volume of 5,119,316. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. The stock has a market capitalization of $186.29 billion, a PE ratio of 20.82, a PEG ratio of 9.99 and a beta of 1.27. The company has a 50-day simple moving average of $357.94. Boeing Co has a 12 month low of $292.47 and a 12 month high of $446.01.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, beating the consensus estimate of $1.85 by $1.07. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.05 billion. During the same quarter in the prior year, the business earned $3.33 earnings per share. The business’s quarterly revenue was down 35.1% compared to the same quarter last year. Equities research analysts anticipate that Boeing Co will post 4.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be issued a dividend of $2.055 per share. The ex-dividend date is Thursday, August 8th. This represents a $8.22 annualized dividend and a dividend yield of 2.46%. Boeing’s dividend payout ratio is currently 51.34%.
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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