Chilton Capital Management LLC continued to hold its stake in Boeing Company (The) (NYSE:BA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,310 shares of the aircraft producer’s stock at the end of the second quarter. Chilton Capital Management LLC’s holdings in Boeing were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the stock. Harbour Capital Advisors LLC lifted its stake in Boeing by 18,613.5% during 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 acquiring an additional 1,334,957 shares during the period. AQR Capital Management LLC lifted its stake in Boeing by 66.5% during 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 acquiring an additional 1,049,546 shares during the period. Principal Financial Group Inc. lifted its stake in Boeing by 63.7% during 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 acquiring an additional 561,343 shares during the period. Vanguard Group Inc. lifted its stake in Boeing by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after acquiring an additional 407,511 shares during the period. Finally, Bank of Nova Scotia lifted its stake in Boeing by 181.0% during the 1st quarter. Bank of Nova Scotia now owns 609,760 shares of the aircraft producer’s stock valued at $107,843,000 after acquiring an additional 392,786 shares during the period. Institutional investors own 70.81% of the company’s stock.
Several equities research analysts have recently commented on BA shares. Royal Bank Of Canada set a $290.00 price target on shares of Boeing and gave the company a “hold” rating in a research report on Wednesday, November 15th. Canaccord Genuity reaffirmed a “hold” rating and set a $235.00 price target (up previously from $215.00) on shares of Boeing in a research report on Sunday, September 17th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $289.00 price target for the company in a research report on Tuesday, October 10th. Finally, Jefferies Group upped their price target on shares of Boeing from $300.00 to $312.00 and gave the company a “buy” rating in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. Boeing currently has an average rating of “Buy” and a consensus target price of $257.81.
Boeing (NYSE:BA) last released its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.51 EPS. analysts predict that Boeing Company will post 10.1 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, November 9th. Boeing’s dividend payout ratio is 52.21%.
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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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