Brandywine Global Investment Management LLC grew its stake in Boeing Company (The) (NYSE:BA) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 694,434 shares of the aircraft producer’s stock after purchasing an additional 1,987 shares during the quarter. Boeing makes up approximately 0.9% of Brandywine Global Investment Management LLC’s investment portfolio, making the stock its 25th largest holding. Brandywine Global Investment Management LLC owned approximately 0.12% of Boeing worth $137,325,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Boeing by 1.0% in the second quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after acquiring an additional 407,511 shares in the last quarter. State Street Corp grew its stake in shares of Boeing by 0.3% in the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock valued at $5,028,731,000 after acquiring an additional 87,850 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Boeing by 4.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,066,519 shares of the aircraft producer’s stock valued at $606,405,000 after acquiring an additional 123,420 shares in the last quarter. LSV Asset Management grew its stake in shares of Boeing by 0.7% in the second quarter. LSV Asset Management now owns 3,006,858 shares of the aircraft producer’s stock valued at $594,606,000 after acquiring an additional 21,804 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Boeing by 9.3% in the second quarter. Legal & General Group Plc now owns 2,906,822 shares of the aircraft producer’s stock valued at $574,841,000 after acquiring an additional 246,578 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.
Shares of Boeing Company (BA) opened at $285.90 on Friday. Boeing Company has a one year low of $153.06 and a one year high of $287.32. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. The stock has a market cap of $167,935.27, a PE ratio of 28.92, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The company had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. During the same period last year, the company posted $3.51 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. equities analysts predict 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. Stockholders of record on Friday, November 10th were paid a $1.42 dividend. The ex-dividend date was Thursday, November 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.99%. Boeing’s payout ratio is currently 52.21%.
Several research firms recently commented on BA. Vetr downgraded shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 price target on the stock. in a research note on Wednesday, August 16th. Sanford C. Bernstein restated an “outperform” rating and issued a $274.00 price target on shares of Boeing in a research note on Friday, August 11th. ValuEngine downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, Morgan Stanley set a $260.00 price target on shares of Boeing and gave the company a “hold” rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target 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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