Toronto Dominion Bank grew its stake in Boeing Co (NYSE:BA) by 30.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 408,033 shares of the aircraft producer’s stock after acquiring an additional 96,119 shares during the quarter. Toronto Dominion Bank owned 0.07% of Boeing worth $136,874,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Kessler Investment Group LLC bought a new position in shares of Boeing during the second quarter valued at $1,726,000. Truewealth LLC lifted its holdings in shares of Boeing by 17.7% during the second quarter. Truewealth LLC now owns 1,624 shares of the aircraft producer’s stock valued at $545,000 after purchasing an additional 244 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Boeing by 5.1% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 62,862 shares of the aircraft producer’s stock valued at $20,611,000 after purchasing an additional 3,035 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Boeing by 5.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,216,909 shares of the aircraft producer’s stock valued at $399,000,000 after purchasing an additional 62,608 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware lifted its holdings in shares of Boeing by 163.3% during the second quarter. Mckinley Capital Management LLC Delaware now owns 19,877 shares of the aircraft producer’s stock valued at $6,669,000 after purchasing an additional 12,327 shares in the last quarter. 69.68% of the stock is currently owned by institutional investors and hedge funds.
Boeing stock opened at $372.23 on Friday. The firm has a market cap of $211.11 billion, a P/E ratio of 25.36, a PEG ratio of 1.83 and a beta of 1.44. The company has a debt-to-equity ratio of -7.65, a current ratio of 1.11 and a quick ratio of 0.32. Boeing Co has a one year low of $251.17 and a one year high of $374.48.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 25th. The aircraft producer reported $3.33 EPS for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.12). The firm had revenue of $24.26 billion for the quarter, compared to analysts’ expectations of $24.02 billion. Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.55 EPS. research analysts anticipate that Boeing Co will post 14.6 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Friday, August 10th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Thursday, August 9th. Boeing’s payout ratio is 56.81%.
A number of research analysts have recently issued reports on BA shares. UBS Group started coverage on Boeing in a report on Wednesday, August 15th. They set a “buy” rating and a $515.00 price target on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $450.00 price target on shares of Boeing in a report on Monday, August 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $410.00 price target on shares of Boeing in a report on Sunday, July 29th. Credit Suisse Group reaffirmed a “buy” rating and set a $455.00 price target on shares of Boeing in a report on Thursday, July 26th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $400.00 price target on shares of Boeing in a report on Thursday, July 26th. Six equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $400.60.
Boeing Company Profile
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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