Ffcm LLC lifted its position in shares of Boeing Company (The) (NYSE:BA) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,676 shares of the aircraft producer’s stock after buying an additional 2,296 shares during the quarter. Boeing makes up 1.8% of Ffcm LLC’s holdings, making the stock its 17th largest holding. Ffcm LLC’s holdings in Boeing were worth $8,044,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its position in Boeing by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after purchasing an additional 402 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in Boeing by 16.9% during 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 in the last quarter. Catamount Wealth Management bought a new stake in Boeing during the second quarter valued at about $138,000. Herndon Capital Management LLC boosted its position in Boeing by 29.7% during 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 in the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in Boeing during the second quarter valued at about $188,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of Boeing Company (NYSE BA) traded down $2.43 during trading hours on Tuesday, hitting $275.54. The stock had a trading volume of 2,805,870 shares, compared to its average volume of 3,272,402. Boeing Company has a 1 year low of $150.02 and a 1 year high of $281.83. The stock has a market capitalization of $161,628.09, a PE ratio of 27.83, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. 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 (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 the consensus estimate of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. 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 posted $3.51 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. research analysts expect that Boeing Company will post 10.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Thursday, November 9th. Boeing’s dividend payout ratio is currently 52.21%.
BA has been the topic of a number of recent research reports. Royal Bank Of Canada set a $290.00 price objective on Boeing and gave the company a “hold” rating in a research report on Wednesday, November 15th. Canaccord Genuity reissued a “hold” rating and issued a $235.00 price target (up previously from $215.00) on shares of Boeing in a report on Sunday, September 17th. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $289.00 price target for the company in a report on Tuesday, October 10th. Finally, Argus reissued a “buy” rating and issued a $290.00 price target (up previously from $270.00) on shares of Boeing in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. Boeing presently has an average rating of “Buy” and a consensus target price of $257.81.
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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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