Family Firm Inc. boosted its position in Boeing Co (NYSE:BA) by 40.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,955 shares of the aircraft producer’s stock after purchasing an additional 852 shares during the quarter. Family Firm Inc.’s holdings in Boeing were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. CSat Investment Advisory L.P. acquired a new position in shares of Boeing during the 2nd quarter valued at about $101,000. Icon Wealth Partners LLC acquired a new position in shares of Boeing during the 2nd quarter valued at about $125,000. James Hambro & Partners acquired a new position in shares of Boeing during the 2nd quarter valued at about $142,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Boeing during the 2nd quarter valued at about $163,000. Finally, Avestar Capital LLC increased its stake in shares of Boeing by 544.7% during the 2nd quarter. Avestar Capital LLC now owns 490 shares of the aircraft producer’s stock valued at $161,000 after acquiring an additional 414 shares during the last quarter. 69.64% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently commented on BA. Goldman Sachs Group set a $387.00 price objective on shares of Boeing and gave the company a “neutral” rating in a research note on Wednesday, October 24th. JPMorgan Chase & Co. set a $400.00 price objective on shares of Boeing and gave the company a “buy” rating in a research note on Thursday. Berenberg Bank reaffirmed a “buy” rating and set a $430.00 price objective on shares of Boeing in a research note on Monday, September 3rd. Argus reaffirmed a “fair value” rating and set a $395.00 price objective on shares of Boeing in a research note on Thursday, October 25th. Finally, Sanford C. Bernstein upped their price objective on shares of Boeing from $426.00 to $440.00 and gave the company a “positive” rating in a research note on Friday, October 26th. Eight equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $410.21.
Shares of NYSE:BA opened at $331.90 on Friday. The company has a debt-to-equity ratio of 8.07, a current ratio of 1.10 and a quick ratio of 0.32. Boeing Co has a 1 year low of $277.80 and a 1 year high of $394.28. The stock has a market cap of $194.50 billion, a PE ratio of 27.57, a PEG ratio of 1.71 and a beta of 1.30.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.11. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The business had revenue of $25.15 billion during the quarter, compared to analysts’ expectations of $23.84 billion. During the same quarter in the previous year, the business earned $2.72 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, sell-side analysts forecast that Boeing Co will post 15.05 EPS 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. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, November 8th. Boeing’s payout ratio is currently 56.81%.
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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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