Fishman Jay A Ltd. MI increased its stake in Boeing Co (NYSE:BA) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,190 shares of the aircraft producer’s stock after buying an additional 600 shares during the period. Boeing accounts for about 3.5% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 12th largest position. Fishman Jay A Ltd. MI’s holdings in Boeing were worth $18,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of BA. Vanguard Group Inc. boosted its holdings in shares of Boeing by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 40,214,155 shares of the aircraft producer’s stock valued at $14,638,355,000 after buying an additional 275,250 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Boeing by 7.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock valued at $13,009,918,000 after buying an additional 2,607,364 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Boeing by 0.8% in the 2nd quarter. BlackRock Inc. now owns 34,081,637 shares of the aircraft producer’s stock valued at $12,406,056,000 after buying an additional 264,410 shares in the last quarter. Newport Trust Co boosted its holdings in shares of Boeing by 1.0% in the 2nd quarter. Newport Trust Co now owns 30,669,091 shares of the aircraft producer’s stock valued at $11,163,856,000 after buying an additional 298,466 shares in the last quarter. Finally, Thoroughbred Financial Services LLC boosted its holdings in shares of Boeing by 36,928.2% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock valued at $623,555,000 after buying an additional 6,218,711 shares in the last quarter. 67.84% of the stock is currently owned by institutional investors.
BA traded down $6.31 during trading on Friday, reaching $351.00. 3,117,554 shares of the company’s stock were exchanged, compared to its average volume of 5,364,701. Boeing Co has a 1 year low of $292.47 and a 1 year high of $446.01. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.11 and a quick ratio of 0.31. The stock has a market capitalization of $201.64 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 39.90 and a beta of 1.24. The company’s fifty day simple moving average is $362.82 and its 200-day simple moving average is $358.59.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.59). Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. The business had revenue of $19.98 billion for the quarter, compared to analysts’ expectations of $20 billion. During the same period in the prior year, the business posted $3.58 earnings per share. The business’s quarterly revenue was down 20.5% compared to the same quarter last year. Equities analysts forecast that Boeing Co will post 1.02 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $2.055 per share. This represents a $8.22 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Thursday, November 7th. Boeing’s dividend payout ratio is presently 51.34%.
BA has been the topic of a number of recent analyst reports. Buckingham Research restated a “hold” rating and issued a $365.00 price target (down from $395.00) on shares of Boeing in a report on Tuesday, October 29th. Canaccord Genuity lowered their target price on shares of Boeing from $380.00 to $370.00 and set a “hold” rating for the company in a research note on Thursday, October 24th. Deutsche Bank reiterated a “buy” rating on shares of Boeing in a research note on Friday. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Wolfe Research cut shares of Boeing from an “outperform” rating to a “peer perform” rating and lowered their target price for the stock from $404.00 to $393.00 in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $379.30.
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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