Boeing Company (The) (BA) Position Reduced by Keating Investment Counselors Inc.

Keating Investment Counselors Inc. decreased its stake in Boeing Company (The) (NYSE:BA) by 8.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,600 shares of the aircraft producer’s stock after selling 250 shares during the quarter. Keating Investment Counselors Inc.’s holdings in Boeing Company (The) were worth $514,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BA. Harbour Capital Advisors LLC raised its position in Boeing Company (The) by 18,613.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock valued at $6,787,000 after purchasing an additional 1,334,957 shares during the last quarter. AQR Capital Management LLC raised its position in Boeing Company (The) by 66.5% in the 1st quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after purchasing an additional 1,049,546 shares during the last quarter. Principal Financial Group Inc. raised its position in Boeing Company (The) by 63.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,442,748 shares of the aircraft producer’s stock valued at $285,303,000 after purchasing an additional 561,343 shares during the last quarter. Bank of Nova Scotia raised its position in Boeing Company (The) by 181.0% in the 1st quarter. Bank of Nova Scotia now owns 609,760 shares of the aircraft producer’s stock valued at $107,843,000 after purchasing an additional 392,786 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Boeing Company (The) by 11.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock valued at $520,517,000 after purchasing an additional 308,976 shares during the last quarter. 72.04% of the stock is currently owned by institutional investors and hedge funds.

BA has been the subject of several research analyst reports. Deutsche Bank AG lifted their price objective on Boeing Company (The) to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Boeing Company (The) in a research report on Friday, October 6th. Credit Suisse Group reiterated a “sell” rating on shares of Boeing Company (The) in a research report on Friday, July 28th. Nord/LB set a $250.00 price objective on Boeing Company (The) and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Finally, Royal Bank Of Canada lifted their price objective on Boeing Company (The) from $269.00 to $273.00 and gave the company a “sector perform” rating in a research report on Thursday, October 26th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Boeing Company (The) has an average rating of “Buy” and a consensus target price of $257.42.

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Shares of Boeing Company (NYSE BA) opened at $264.63 on Tuesday. Boeing Company has a 52 week low of $146.52 and a 52 week high of $267.62. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. The company has a market capitalization of $157,610.00, a price-to-earnings ratio of 26.90, a P/E/G ratio of 2.00 and a beta of 1.22.

Boeing Company (The) (NYSE:BA) last posted its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $24.09 billion. During the same period in the previous year, the firm earned $3.51 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. analysts anticipate that Boeing Company will post 10.1 EPS for the current year.

The firm 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. The ex-dividend date is Thursday, November 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.15%. Boeing Company (The)’s payout ratio is 52.25%.

Boeing Company (The) Company Profile

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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