Boeing Company (The) (BA) Position Cut by BBR Partners LLC

BBR Partners LLC lessened its holdings in shares of Boeing Company (The) (NYSE:BA) by 14.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,564 shares of the aircraft producer’s stock after selling 775 shares during the quarter. Boeing comprises 0.2% of BBR Partners LLC’s portfolio, making the stock its 19th biggest holding. BBR Partners LLC’s holdings in Boeing were worth $903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Boeing by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after purchasing an additional 407,511 shares during the period. State Street Corp raised its stake in Boeing by 0.3% during the 1st quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock valued at $5,028,731,000 after purchasing an additional 87,850 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Boeing by 4.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,066,519 shares of the aircraft producer’s stock valued at $606,405,000 after purchasing an additional 123,420 shares during the period. LSV Asset Management increased its stake in Boeing by 0.7% in the 2nd quarter. LSV Asset Management now owns 3,006,858 shares of the aircraft producer’s stock worth $594,606,000 after acquiring an additional 21,804 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Boeing by 9.3% in the 2nd quarter. Legal & General Group Plc now owns 2,906,822 shares of the aircraft producer’s stock worth $574,841,000 after acquiring an additional 246,578 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Boeing Company (BA) opened at $281.97 on Friday. The company has a market capitalization of $165,731.63, a P/E ratio of 28.54, a PEG ratio of 2.12 and a beta of 1.24. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. Boeing Company has a 1-year low of $153.06 and a 1-year high of $284.79.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Thursday, November 9th. Boeing’s payout ratio is currently 52.21%.

A number of research firms have issued reports on BA. ValuEngine downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Thursday. Vetr downgraded Boeing from a “hold” rating to a “sell” rating and set a $263.71 price objective on the stock. in a research note on Friday, December 1st. Jefferies Group lifted their price objective on Boeing from $300.00 to $312.00 and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Royal Bank Of Canada set a $290.00 price objective on Boeing and gave the stock a “hold” rating in a research note on Wednesday, November 15th. Finally, Nord/LB set a $250.00 price objective on Boeing and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $257.81.

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Boeing 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 (NYSE:BA)

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