Boeing Company (The) (BA) Holdings Reduced by Calamos Wealth Management LLC

Calamos Wealth Management LLC reduced its holdings in Boeing Company (The) (NYSE:BA) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,047 shares of the aircraft producer’s stock after selling 77 shares during the period. Calamos Wealth Management LLC’s holdings in Boeing Company (The) were worth $4,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BA. Proficio Capital Partners LLC increased its position in shares of Boeing Company (The) by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after purchasing an additional 402 shares during the period. Catamount Wealth Management bought a new stake in shares of Boeing Company (The) during the second quarter valued at approximately $138,000. Herndon Capital Management LLC increased its position in shares of Boeing Company (The) by 29.7% during the second quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after purchasing an additional 165 shares during the period. SRS Capital Advisors Inc. increased its position in shares of Boeing Company (The) by 16.9% during the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after purchasing an additional 107 shares during the period. Finally, Shine Investment Advisory Services Inc. bought a new stake in shares of Boeing Company (The) during the second quarter valued at approximately $188,000. 71.99% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on BA. Vetr cut Boeing Company (The) from a “hold” rating to a “sell” rating and set a $254.15 price objective on the stock. in a research report on Monday, October 23rd. Royal Bank Of Canada set a $290.00 price target on Boeing Company (The) and gave the company a “hold” rating in a research report on Wednesday. Credit Suisse Group reiterated an “outperform” rating and issued a $310.00 price target (up from $300.00) on shares of Boeing Company (The) in a research report on Tuesday, October 24th. Morgan Stanley upped their price target on Boeing Company (The) from $260.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 24th. Finally, Cowen and Company reiterated a “buy” rating and issued a $315.00 price target on shares of Boeing Company (The) in a research report on Thursday, October 26th. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Boeing Company (The) presently has a consensus rating of “Buy” and an average target price of $257.42.

Boeing Company (NYSE:BA) opened at $262.26 on Friday. Boeing Company has a one year low of $144.46 and a one year high of $267.62. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. The firm has a market capitalization of $156,196.30, a PE ratio of 26.90, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22.

Boeing Company (The) (NYSE:BA) last released its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating the 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 firm had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. During the same quarter in the prior year, the firm posted $3.51 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. equities research analysts expect that Boeing Company will post 10.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, November 9th. Boeing Company (The)’s payout ratio is 52.21%.

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About Boeing Company (The)

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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