Trust Department MB Financial Bank N A reduced its stake in shares of Boeing Co (NYSE:BA) by 11.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,689 shares of the aircraft producer’s stock after selling 903 shares during the period. Trust Department MB Financial Bank N A’s holdings in Boeing were worth $2,487,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Argent Trust Co increased its holdings in shares of Boeing by 5.1% in the fourth quarter. Argent Trust Co now owns 5,625 shares of the aircraft producer’s stock worth $1,659,000 after purchasing an additional 271 shares during the period. Financial Gravity Wealth Inc. bought a new position in Boeing in the first quarter valued at $463,000. Beaumont Financial Partners LLC increased its stake in Boeing by 87.1% in the first quarter. Beaumont Financial Partners LLC now owns 2,599 shares of the aircraft producer’s stock valued at $852,000 after acquiring an additional 1,210 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Boeing by 10.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,573,393 shares of the aircraft producer’s stock valued at $515,884,000 after acquiring an additional 150,551 shares during the last quarter. Finally, South State Corp increased its stake in Boeing by 3.2% in the first quarter. South State Corp now owns 40,596 shares of the aircraft producer’s stock valued at $13,311,000 after acquiring an additional 1,252 shares during the last quarter. Institutional investors and hedge funds own 70.42% of the company’s stock.
Boeing stock opened at $366.47 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 1.10 and a debt-to-equity ratio of 8.07. The stock has a market cap of $203.16 billion, a PE ratio of 30.44, a PEG ratio of 1.73 and a beta of 1.30. Boeing Co has a 1-year low of $259.56 and a 1-year high of $394.28.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.11. The company had revenue of $25.15 billion during the quarter, compared to analyst estimates of $23.84 billion. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. Boeing’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.72 earnings per share. Sell-side analysts predict that Boeing Co will post 15.07 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 9th will be issued a dividend of $1.71 per share. The ex-dividend date is Thursday, November 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.87%. Boeing’s dividend payout ratio is currently 56.81%.
BA has been the topic of a number of research analyst reports. Morgan Stanley set a $400.00 target price on Boeing and gave the company a “hold” rating in a research note on Friday, September 28th. Jefferies Financial Group reissued a “buy” rating and issued a $410.00 target price on shares of Boeing in a research note on Sunday, July 29th. Societe Generale set a $409.00 target price on Boeing and gave the company a “buy” rating in a research note on Thursday, October 25th. Goldman Sachs Group set a $375.00 price objective on Boeing and gave the company a “neutral” rating in a research note on Wednesday, July 25th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $455.00 price objective on shares of Boeing in a research note on Thursday, July 26th. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Boeing has a consensus rating of “Buy” and an average price target of $410.21.
In other news, SVP Diana L. Sands sold 5,000 shares of the 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.
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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.
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