Boeing Company (The) (BA) Holdings Raised by Argent Trust Co

Argent Trust Co boosted its position in Boeing Company (The) (NYSE:BA) by 16.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,641 shares of the aircraft producer’s stock after acquiring an additional 800 shares during the period. Argent Trust Co’s holdings in Boeing Company (The) were worth $1,116,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BA. Proficio Capital Partners LLC boosted its stake in shares of Boeing Company (The) by 181.9% during the 1st quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after purchasing an additional 402 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Boeing Company (The) by 16.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after purchasing an additional 107 shares in the last quarter. Catamount Wealth Management bought a new stake in shares of Boeing Company (The) during the 2nd quarter valued at about $138,000. Herndon Capital Management LLC boosted its stake in shares of Boeing Company (The) by 29.7% during the 2nd quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after purchasing an additional 165 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in shares of Boeing Company (The) during the 2nd quarter valued at about $188,000. 72.04% of the stock is currently owned by institutional investors and hedge funds.

Boeing Company (BA) opened at $262.26 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. Boeing Company has a twelve month low of $144.46 and a twelve month high of $267.62. The firm has a market cap of $156,200.00, a P/E ratio of 26.90, a PEG ratio of 2.00 and a beta of 1.22.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.07. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The firm had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. During the same period in the previous year, the company earned $3.51 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. analysts anticipate that Boeing Company will post 10.1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.17%. Boeing Company (The)’s payout ratio is 52.25%.

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A number of equities research analysts have recently weighed in on BA shares. Cowen and Company reaffirmed an “outperform” rating and set a $300.00 target price (up previously from $255.00) on shares of Boeing Company (The) in a research note on Monday, July 24th. Vetr lowered shares of Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 target price on the stock. in a research note on Wednesday, July 26th. Royal Bank Of Canada raised shares of Boeing Company (The) from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $146.00 to $235.00 in a research note on Thursday, July 27th. Credit Suisse Group raised shares of Boeing Company (The) from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $200.00 to $300.00 in a research note on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Boeing Company (The) from a “sell” rating to a “neutral” rating and lifted their target price for the company from $130.00 to $205.00 in a research note on Thursday, July 27th. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $257.42.

Boeing Company (The) Profile

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

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