IFM Investors Pty Ltd Takes Position in Boeing Company (The) (BA)

IFM Investors Pty Ltd acquired a new stake in Boeing Company (The) (NYSE:BA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,197 shares of the aircraft producer’s stock, valued at approximately $3,203,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Riverpoint Wealth Management Holdings LLC boosted its position in Boeing Company (The) by 0.3% in the 2nd quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock valued at $293,000 after buying an additional 4 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in Boeing Company (The) by 0.3% in 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 buying an additional 6 shares during the period. Accredited Investors Inc. boosted its position in Boeing Company (The) by 0.4% in the 2nd quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock valued at $325,000 after buying an additional 6 shares during the period. GWM Advisors LLC boosted its position in Boeing Company (The) by 0.6% in the 1st quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock valued at $233,000 after buying an additional 8 shares during the period. Finally, Silicon Valley Capital Partners boosted its position in Boeing Company (The) by 0.7% in the 2nd quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock valued at $245,000 after buying an additional 9 shares during the period. 72.04% of the stock is owned by institutional investors.

Several research firms have recently commented on BA. Vetr upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price target for the company in a report on Monday, August 7th. Sanford C. Bernstein restated an “outperform” rating and issued a $274.00 price target on shares of Boeing Company (The) in a report on Friday, August 11th. Royal Bank Of Canada upgraded shares of Boeing Company (The) from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from $146.00 to $235.00 in a report on Thursday, July 27th. Zacks Investment Research lowered shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, UBS AG boosted their price target on shares of Boeing Company (The) from $180.00 to $253.00 and gave the company a “neutral” rating in a report on Friday, August 4th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $257.42.

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Shares of Boeing Company (NYSE BA) opened at $264.63 on Tuesday. Boeing Company has a 12-month low of $146.52 and a 12-month high of $267.62. The stock has a market cap of $157,610.00, a PE ratio of 26.90, a P/E/G ratio of 2.00 and a beta of 1.22. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings data 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 firm had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. During the same period last year, the business earned $3.51 earnings per share. Boeing Company (The)’s revenue was up 1.7% compared to the same quarter last year. analysts predict that Boeing Company will post 10.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.15%. The ex-dividend date is Thursday, November 9th. Boeing Company (The)’s payout ratio is currently 52.25%.

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.

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

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