Decatur Capital Management Inc. Has $11.84 Million Position in Boeing Company (The) (BA)

Decatur Capital Management Inc. trimmed its position in Boeing Company (The) (NYSE:BA) by 9.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,879 shares of the aircraft producer’s stock after selling 6,177 shares during the quarter. Boeing Company (The) accounts for approximately 2.5% of Decatur Capital Management Inc.’s holdings, making the stock its 6th biggest holding. Decatur Capital Management Inc.’s holdings in Boeing Company (The) were worth $11,841,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Deroy & Devereaux Private Investment Counsel Inc. increased its position in Boeing Company (The) by 0.3% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock valued at $421,000 after purchasing an additional 6 shares during the period. Accredited Investors Inc. increased its position in Boeing Company (The) by 0.4% during the 2nd quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock valued at $325,000 after purchasing an additional 6 shares during the period. GWM Advisors LLC increased its position in Boeing Company (The) by 0.6% during the 1st quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock valued at $233,000 after purchasing an additional 8 shares during the period. Silicon Valley Capital Partners increased its position in Boeing Company (The) by 0.7% during the 2nd quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock valued at $245,000 after purchasing an additional 9 shares during the period. Finally, Capital Investment Advisory Services LLC increased its position in Boeing Company (The) by 0.5% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 2,096 shares of the aircraft producer’s stock valued at $414,000 after purchasing an additional 10 shares during the period. 71.51% of the stock is currently owned by institutional investors.

Boeing Company (NYSE BA) traded down $1.85 during midday trading on Friday, hitting $260.85. 1,740,500 shares of the stock traded hands, compared to its average volume of 3,155,328. Boeing Company has a 12-month low of $144.46 and a 12-month high of $267.62. The stock has a market cap of $155,356.53, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.99 and a beta of 1.22. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.51 EPS. analysts forecast that Boeing Company will post 10.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.18%. The ex-dividend date is Thursday, November 9th. Boeing Company (The)’s dividend payout ratio is 52.21%.

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A number of research analysts have issued reports on the stock. Vetr downgraded shares of Boeing Company (The) from a “hold” rating to a “sell” rating and set a $254.15 price objective on the stock. in a research report on Monday, October 23rd. Credit Suisse Group reissued an “outperform” rating and set a $310.00 price objective (up from $300.00) on shares of Boeing Company (The) in a research report on Tuesday, October 24th. Morgan Stanley boosted their price objective on shares of Boeing Company (The) from $260.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Cowen and Company reissued a “buy” rating and set a $315.00 price objective on shares of Boeing Company (The) in a research report on Thursday, October 26th. Finally, J P Morgan Chase & Co reissued a “buy” rating and set a $300.00 price objective on shares of Boeing Company (The) in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $255.94.

Boeing Company (The) Company 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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