Wealthfront Inc. raised its position in shares of Boeing Company (The) (NYSE:BA) by 36.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,584 shares of the aircraft producer’s stock after buying an additional 5,282 shares during the quarter. Wealthfront Inc.’s holdings in Boeing were worth $3,873,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Vanguard Group Inc. boosted its holdings in shares of Boeing by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock worth $7,991,613,000 after purchasing an additional 407,511 shares during the period. State Street Corp boosted its holdings in shares of Boeing by 0.3% in the 1st quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock worth $5,028,731,000 after purchasing an additional 87,850 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Boeing by 4.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,066,519 shares of the aircraft producer’s stock worth $606,405,000 after purchasing an additional 123,420 shares during the period. LSV Asset Management boosted its holdings in shares of Boeing by 0.7% in the 2nd quarter. LSV Asset Management now owns 3,006,858 shares of the aircraft producer’s stock worth $594,606,000 after purchasing an additional 21,804 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Boeing by 9.3% in the 2nd quarter. Legal & General Group Plc now owns 2,906,822 shares of the aircraft producer’s stock worth $574,841,000 after purchasing an additional 246,578 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.
BA has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a $290.00 price objective on Boeing and gave the company a “hold” rating in a report on Wednesday, November 15th. Canaccord Genuity restated a “hold” rating and set a $235.00 price objective (up previously from $215.00) on shares of Boeing in a report on Sunday, September 17th. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $289.00 target price for the company in a research report on Tuesday, October 10th. Finally, Jefferies Group lifted their target price on Boeing from $300.00 to $312.00 and gave the company a “buy” rating in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $257.81.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The business’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 company posted $3.51 EPS. research analysts anticipate that Boeing Company will post 10.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, November 9th. Boeing’s payout ratio is 52.21%.
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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