Commerce Bank Has $24.84 Million Stake in Boeing Company (The) (BA)

Commerce Bank reduced its stake in Boeing Company (The) (NYSE:BA) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,632 shares of the aircraft producer’s stock after selling 5,199 shares during the period. Commerce Bank’s holdings in Boeing Company (The) were worth $24,844,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its position in shares of Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after buying an additional 402 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after buying an additional 107 shares in the last quarter. Catamount Wealth Management purchased a new stake in shares of Boeing Company (The) in the second quarter worth $138,000. Herndon Capital Management LLC raised its position in shares of Boeing Company (The) by 29.7% in the second quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock worth $142,000 after buying an additional 165 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in shares of Boeing Company (The) in the second quarter worth $188,000. 71.99% of the stock is owned by hedge funds and other institutional investors.

Shares of Boeing Company (NYSE:BA) opened at $260.85 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. The firm has a market capitalization of $155,356.66, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.99 and a beta of 1.22. Boeing Company has a 12-month low of $144.46 and a 12-month high of $267.62.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.07. Boeing Company (The) had a return on equity of 12,064.25% and a net margin of 7.33%. The business had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. During the same period in the previous year, the firm posted $3.51 EPS. The business’s revenue was up 1.7% on a year-over-year basis. equities research analysts anticipate that Boeing Company will post 10.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a dividend of $1.42 per share. The ex-dividend date is Thursday, November 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.18%. Boeing Company (The)’s payout ratio is 52.21%.

A number of equities research analysts recently issued reports on the company. Vetr downgraded Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price objective on the stock. in a research report on Wednesday, July 26th. Zacks Investment Research downgraded Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Cowen and Company reiterated a “buy” rating and issued a $315.00 price objective on shares of Boeing Company (The) in a research report on Thursday, October 26th. ValuEngine upgraded Boeing Company (The) from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Credit Suisse Group upgraded Boeing Company (The) from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $200.00 to $300.00 in a research report on Thursday, July 27th. One investment 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 a consensus price target of $255.94.

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Boeing Company (The) Company Profile

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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Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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