Boeing Co (NYSE:BA) Shares Bought by Carnick & Kubik Group LLC

Carnick & Kubik Group LLC grew its position in shares of Boeing Co (NYSE:BA) by 1.2% during the third quarter, Holdings Channel reports. The firm owned 17,659 shares of the aircraft producer’s stock after acquiring an additional 208 shares during the quarter. Boeing makes up approximately 1.2% of Carnick & Kubik Group LLC’s portfolio, making the stock its 12th biggest holding. Carnick & Kubik Group LLC’s holdings in Boeing were worth $6,719,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BA. Thoroughbred Financial Services LLC lifted its stake 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 purchasing an additional 6,218,711 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Boeing by 1,774.6% during the second quarter. Nuveen Asset Management LLC now owns 4,149,922 shares of the aircraft producer’s stock worth $1,510,613,000 after purchasing an additional 3,928,546 shares in the last quarter. Viking Global Investors LP acquired a new position in Boeing during the second quarter worth $1,010,899,000. Price T Rowe Associates Inc. MD lifted its stake in Boeing by 7.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock worth $13,009,918,000 after purchasing an additional 2,607,364 shares in the last quarter. Finally, Winslow Capital Management LLC acquired a new position in Boeing during the second quarter worth $303,860,000. Institutional investors own 67.91% of the company’s stock.

Several brokerages have recently issued reports on BA. Berenberg Bank reiterated a “buy” rating and issued a $440.00 price objective on shares of Boeing in a research note on Thursday. Goldman Sachs Group reiterated a “neutral” rating and issued a $370.00 price objective on shares of Boeing in a research note on Wednesday. Credit Suisse Group cut Boeing from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $416.00 to $323.00 in a research note on Monday. Canaccord Genuity reiterated a “hold” rating on shares of Boeing in a research note on Thursday. Finally, Robert W. Baird cut Boeing from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $445.00 to $342.00 in a research note on Monday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $384.47.

NYSE:BA opened at $344.55 on Friday. The firm has a market capitalization of $191.60 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 11.52 and a beta of 1.25. The business’s fifty day moving average price is $370.50 and its 200 day moving average price is $360.95. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.11 and a quick ratio of 0.29. Boeing Co has a 12 month low of $292.47 and a 12 month high of $446.01.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.59). The business had revenue of $19.98 billion during the quarter, compared to analysts’ expectations of $20 billion. Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The business’s quarterly revenue was down 20.5% compared to the same quarter last year. During the same period last year, the company earned $3.58 EPS. As a group, equities analysts anticipate that Boeing Co will post 3.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a $2.055 dividend. This represents a $8.22 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, November 7th. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

Boeing Company Profile

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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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