Lincoln Capital Corp Increases Stock Position in Boeing Co (NYSE:BA)

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Lincoln Capital Corp grew its stake in shares of Boeing Co (NYSE:BA) by 18.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,899 shares of the aircraft producer’s stock after buying an additional 595 shares during the period. Lincoln Capital Corp’s holdings in Boeing were worth $1,483,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Thomasville National Bank lifted its holdings in shares of Boeing by 10.6% during the 2nd quarter. Thomasville National Bank now owns 9,650 shares of the aircraft producer’s stock valued at $3,512,000 after acquiring an additional 927 shares in the last quarter. Private Asset Management Inc. lifted its holdings in shares of Boeing by 369.3% during the 2nd quarter. Private Asset Management Inc. now owns 10,321 shares of the aircraft producer’s stock valued at $3,757,000 after acquiring an additional 8,122 shares in the last quarter. Fulton Bank N.A. lifted its holdings in shares of Boeing by 18.4% during the 2nd quarter. Fulton Bank N.A. now owns 13,504 shares of the aircraft producer’s stock valued at $4,916,000 after acquiring an additional 2,101 shares in the last quarter. Verde Servicos Internacionais S.A. lifted its holdings in shares of Boeing by 44.3% during the 2nd quarter. Verde Servicos Internacionais S.A. now owns 14,462 shares of the aircraft producer’s stock valued at $5,264,000 after acquiring an additional 4,438 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A acquired a new position in shares of Boeing during the 2nd quarter valued at $589,000. 67.84% of the stock is owned by institutional investors.

BA has been the topic of several recent research reports. Jefferies Financial Group set a $420.00 target price on shares of Boeing and gave the company a “buy” rating in a report on Monday, October 28th. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Buckingham Research reiterated a “hold” rating and issued a $365.00 price objective (down previously from $395.00) on shares of Boeing in a report on Tuesday, October 29th. Credit Suisse Group lowered shares of Boeing from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $416.00 to $323.00 in a report on Monday, October 21st. Finally, Canaccord Genuity cut their price objective on shares of Boeing from $380.00 to $370.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $379.30.

Shares of Boeing stock traded down $6.31 during trading on Friday, reaching $351.00. The company had a trading volume of 3,117,554 shares, compared to its average volume of 5,364,701. The company has a market cap of $201.64 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 39.90 and a beta of 1.24. The firm’s fifty day moving average is $362.82 and its 200-day moving average is $358.59. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.31 and a current ratio of 1.11. Boeing Co has a fifty-two week low of $292.47 and a fifty-two week high of $446.01.

Boeing (NYSE:BA) last issued its 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). The company had revenue of $19.98 billion during the quarter, compared to analyst estimates of $20 billion. Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The business’s revenue for the quarter was down 20.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.58 EPS. On average, research analysts anticipate that Boeing Co will post 1.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be paid a $2.055 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.34%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

Boeing 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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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