Symmetry Partners LLC lowered its holdings in shares of Boeing Co (NYSE:BA) by 52.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,092 shares of the aircraft producer’s stock after selling 1,212 shares during the quarter. Symmetry Partners LLC’s holdings in Boeing were worth $415,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Boeing by 0.7% in the second quarter. Vanguard Group Inc. now owns 40,214,155 shares of the aircraft producer’s stock valued at $14,638,355,000 after acquiring an additional 275,250 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Boeing by 7.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock valued at $13,009,918,000 after purchasing an additional 2,607,364 shares during the period. BlackRock Inc. boosted its position in Boeing by 0.8% during the second quarter. BlackRock Inc. now owns 34,081,637 shares of the aircraft producer’s stock worth $12,406,056,000 after acquiring an additional 264,410 shares during the last quarter. Newport Trust Co boosted its position in Boeing by 1.0% during the second quarter. Newport Trust Co now owns 30,669,091 shares of the aircraft producer’s stock worth $11,163,856,000 after acquiring an additional 298,466 shares during the last quarter. Finally, Thoroughbred Financial Services LLC boosted its position in Boeing by 36,928.2% during the second quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock worth $623,555,000 after acquiring an additional 6,218,711 shares during the last quarter. 67.84% of the stock is currently owned by institutional investors.
BA has been the topic of a number of research analyst reports. Canaccord Genuity reduced their price target on shares of Boeing from $380.00 to $370.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. reduced their price target on shares of Boeing from $430.00 to $425.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Citigroup reduced their price target on shares of Boeing from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Robert W. Baird downgraded shares of Boeing from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $445.00 to $342.00 in a research note on Monday, October 21st. Finally, Morgan Stanley cut their target price on shares of Boeing from $500.00 to $450.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $379.30.
Boeing stock traded down $6.76 during trading hours on Friday, reaching $350.55. 2,483,313 shares of the stock were exchanged, compared to its average volume of 5,404,095. The stock has a market cap of $201.64 billion, a P/E ratio of 21.90, a P/E/G ratio of 39.90 and a beta of 1.24. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.31 and a current ratio of 1.11. Boeing Co has a 52-week low of $292.47 and a 52-week high of $446.01. The firm’s 50 day moving average is $363.47 and its 200 day moving average is $358.73.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported $1.45 EPS for the quarter, missing the Zacks’ consensus estimate of $2.04 by ($0.59). The firm had revenue of $19.98 billion for the quarter, compared to analysts’ expectations of $20 billion. Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. The firm’s quarterly revenue was down 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.58 EPS. Equities research analysts expect that Boeing Co will post 1.02 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $8.22 dividend on an annualized basis and a yield of 2.34%. Boeing’s payout ratio is currently 51.34%.
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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