LSV Asset Management Has $594.61 Million Stake in Boeing Company (The) (BA)

LSV Asset Management lifted its stake in shares of Boeing Company (The) (NYSE:BA) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,006,858 shares of the aircraft producer’s stock after purchasing an additional 21,804 shares during the quarter. Boeing Company (The) comprises approximately 1.1% of LSV Asset Management’s portfolio, making the stock its 13th biggest position. LSV Asset Management owned about 0.51% of Boeing Company (The) worth $594,606,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Riverpoint Wealth Management Holdings LLC raised its stake in shares of Boeing Company (The) by 0.3% during the second quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock worth $293,000 after purchasing an additional 4 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of Boeing Company (The) by 0.3% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock worth $421,000 after purchasing an additional 6 shares during the last quarter. Accredited Investors Inc. raised its stake in shares of Boeing Company (The) by 0.4% during the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock worth $325,000 after purchasing an additional 6 shares during the last quarter. GWM Advisors LLC raised its stake in shares of Boeing Company (The) by 0.6% during the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after purchasing an additional 8 shares during the last quarter. Finally, Silicon Valley Capital Partners raised its stake in shares of Boeing Company (The) by 0.7% during the second quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock worth $245,000 after purchasing an additional 9 shares during the last quarter. Institutional investors and hedge funds own 72.04% of the company’s stock.

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Shares of Boeing Company (NYSE BA) opened at $262.26 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. Boeing Company has a twelve month low of $144.46 and a twelve month high of $267.62. The stock has a market capitalization of $156,200.00, a P/E 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 posted its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. Boeing Company (The) had a return on equity of 12,064.25% and a net margin of 7.33%. Boeing Company (The)’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.51 EPS. equities analysts anticipate that Boeing Company will post 10.1 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a $1.42 dividend. The ex-dividend date is Thursday, November 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.17%. Boeing Company (The)’s payout ratio is 52.25%.

Several research analysts have issued reports on BA shares. Canaccord Genuity reiterated a “hold” rating and issued a $235.00 price objective (up previously from $215.00) on shares of Boeing Company (The) in a research report on Sunday, September 17th. ValuEngine upgraded Boeing Company (The) from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $289.00 price objective for the company in a research report on Tuesday, October 10th. Cowen and Company reiterated an “outperform” rating and issued a $300.00 price objective (up previously from $255.00) on shares of Boeing Company (The) in a research report on Monday, July 24th. Finally, Royal Bank Of Canada increased their price objective on Boeing Company (The) from $269.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 26th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Boeing Company (The) currently has an average rating of “Buy” and a consensus target price of $257.42.

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.

Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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