R.H. Dinel Investment Counsel Inc. cut its position in shares of Boeing Co (NYSE:BA) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,379 shares of the aircraft producer’s stock after selling 300 shares during the period. Boeing accounts for about 5.5% of R.H. Dinel Investment Counsel Inc.’s investment portfolio, making the stock its 6th largest position. R.H. Dinel Investment Counsel Inc.’s holdings in Boeing were worth $5,962,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Gantzert Investment Co. LLC ADV bought a new position in shares of Boeing in the 4th quarter valued at $2,348,000. Fishman Jay A Ltd. MI lifted its stake in shares of Boeing by 4.0% in the 4th quarter. Fishman Jay A Ltd. MI now owns 47,535 shares of the aircraft producer’s stock valued at $15,330,000 after acquiring an additional 1,830 shares during the last quarter. Athena Capital Advisors LLC bought a new position in shares of Boeing in the 4th quarter valued at $134,000. First Trust Advisors LP lifted its stake in shares of Boeing by 47.2% in the 4th quarter. First Trust Advisors LP now owns 169,587 shares of the aircraft producer’s stock valued at $54,692,000 after acquiring an additional 54,407 shares during the last quarter. Finally, Lindbrook Capital LLC bought a new position in shares of Boeing in the 4th quarter valued at $168,000. 68.65% of the stock is owned by institutional investors.
A number of brokerages have recently commented on BA. UBS Group reiterated a “buy” rating and issued a $480.00 price target (down from $500.00) on shares of Boeing in a research note on Wednesday, July 10th. JPMorgan Chase & Co. lowered their target price on Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Buckingham Research raised their target price on Boeing from $370.00 to $395.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Credit Suisse Group reaffirmed a “buy” rating and set a $425.00 target price on shares of Boeing in a research report on Thursday, July 25th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $375.00 target price on shares of Boeing in a research report on Friday, July 12th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. Boeing has an average rating of “Hold” and a consensus price target of $403.10.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $1.07. The company had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.05 billion. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The firm’s revenue for the quarter was down 35.1% compared to the same quarter last year. During the same period last year, the business posted $3.33 EPS. On average, research analysts forecast that Boeing Co will post 3.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be paid a $2.055 dividend. The ex-dividend date is Thursday, August 8th. This represents a $8.22 annualized dividend and a dividend yield of 2.46%. Boeing’s dividend payout ratio is presently 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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