Chicago Partners Investment Group LLC increased its stake in shares of Boeing Co (NYSE:BA) by 7.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,258 shares of the aircraft producer’s stock after acquiring an additional 940 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Boeing were worth $4,784,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in BA. CSat Investment Advisory L.P. acquired a new position in Boeing in the second quarter valued at $101,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Boeing by 220.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock valued at $105,000 after purchasing an additional 220 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in Boeing in the first quarter valued at $108,000. Icon Wealth Partners LLC acquired a new position in Boeing in the second quarter valued at $125,000. Finally, Lucia Wealth Services LLC acquired a new position in Boeing in the first quarter valued at $126,000. Hedge funds and other institutional investors own 69.56% of the company’s stock.
A number of research analysts have commented on BA shares. Zacks Investment Research lowered shares of Boeing from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 12th. Cowen reiterated a “buy” rating and set a $430.00 price target on shares of Boeing in a research note on Friday, July 13th. Canaccord Genuity reiterated a “hold” rating and set a $350.00 price target on shares of Boeing in a research note on Tuesday, July 24th. Goldman Sachs Group set a $375.00 price target on shares of Boeing and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $400.00 price target on shares of Boeing in a research note on Thursday, July 26th. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $410.21.
In related news, SVP Diana L. Sands sold 5,000 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $350.07, for a total transaction of $1,750,350.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.24% of the stock is currently owned by insiders.
BA stock opened at $363.07 on Friday. The stock has a market cap of $198.71 billion, a P/E ratio of 30.16, a P/E/G ratio of 1.69 and a beta of 1.40. Boeing Co has a 52 week low of $258.00 and a 52 week high of $394.28. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 8.07.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.11. The firm had revenue of $25.15 billion for the quarter, compared to the consensus estimate of $23.84 billion. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.72 earnings per share. On average, equities analysts predict that Boeing Co will post 15.07 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 9th will be issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, November 8th. Boeing’s dividend payout ratio is currently 56.81%.
Boeing Company Profile
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
See Also: How Buying a Call Option Works
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.