Stockman Wealth Management Inc. Sells 1,749 Shares of Boeing Company (The) (BA)

Stockman Wealth Management Inc. lowered its stake in Boeing Company (The) (NYSE:BA) by 56.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,369 shares of the aircraft producer’s stock after selling 1,749 shares during the period. Stockman Wealth Management Inc.’s holdings in Boeing Company (The) were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Riverpoint Wealth Management Holdings LLC grew its position in Boeing Company (The) by 0.3% in the second quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock worth $293,000 after acquiring an additional 4 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in Boeing Company (The) by 0.3% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock worth $421,000 after acquiring an additional 6 shares in the last quarter. Accredited Investors Inc. grew its position in Boeing Company (The) by 0.4% in the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock worth $325,000 after acquiring an additional 6 shares in the last quarter. GWM Advisors LLC grew its position in Boeing Company (The) by 0.6% in the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after acquiring an additional 8 shares in the last quarter. Finally, Silicon Valley Capital Partners grew its position in Boeing Company (The) by 0.7% in the second quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock worth $245,000 after acquiring an additional 9 shares in the last quarter. Institutional investors own 71.99% of the company’s stock.

Boeing Company (NYSE:BA) opened at $262.26 on Friday. 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 has a 1-year low of $144.46 and a 1-year high of $267.62. The stock has a market cap of $157,050.00, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 1.99 and a beta of 1.22.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. During the same period in the previous year, the company earned $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 anticipate that Boeing Company will post 10.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, November 9th. Boeing Company (The)’s dividend payout ratio is currently 52.25%.

Several analysts have issued reports on BA shares. Vetr downgraded shares of Boeing Company (The) from a “hold” rating to a “sell” rating and set a $254.15 price objective for the company. in a research note on Monday, October 23rd. Royal Bank Of Canada set a $290.00 price objective on shares of Boeing Company (The) and gave the stock a “hold” rating in a research note on Wednesday. Credit Suisse Group reissued an “outperform” rating and issued a $310.00 price objective (up previously from $300.00) on shares of Boeing Company (The) in a research note on Tuesday, October 24th. Morgan Stanley raised their price objective on shares of Boeing Company (The) from $260.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. Finally, Cowen and Company reissued a “buy” rating and issued a $315.00 price objective on shares of Boeing Company (The) in a research note on Thursday, October 26th. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Boeing Company (The) presently has a consensus rating of “Buy” and a consensus target price of $257.42.

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About Boeing Company (The)

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.

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Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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