V Wealth Management LLC bought a new stake in Boeing Co (NYSE:BA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,105 shares of the aircraft producer’s stock, valued at approximately $777,000.

Several other hedge funds have also modified their holdings of the company. CSat Investment Advisory L.P. acquired a new position in Boeing during the 2nd quarter worth $101,000. Icon Wealth Partners LLC acquired a new position in Boeing during the 2nd quarter worth $125,000. James Hambro & Partners acquired a new position in Boeing during the 2nd quarter worth $142,000. Avestar Capital LLC grew its holdings in Boeing by 544.7% during the 2nd quarter. Avestar Capital LLC now owns 490 shares of the aircraft producer’s stock worth $161,000 after acquiring an additional 414 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in Boeing during the 2nd quarter worth $163,000. 69.64% of the stock is currently owned by institutional investors and hedge funds.

BA stock opened at $342.50 on Wednesday. Boeing Co has a 52 week low of $274.01 and a 52 week high of $394.28. The stock has a market cap of $196.92 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 1.79 and a beta of 1.30. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.32 and a current ratio of 1.10.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.11. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The company had revenue of $25.15 billion for the quarter, compared to the consensus estimate of $23.84 billion. During the same period in the previous year, the firm earned $2.72 EPS. Boeing’s revenue was up 3.8% on a year-over-year basis. On average, research analysts expect that Boeing Co will post 15.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be given a dividend of $1.71 per share. The ex-dividend date is Thursday, November 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.00%. Boeing’s dividend payout ratio (DPR) is 56.81%.

In related news, SVP Diana L. Sands sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $350.07, for a total value of $1,750,350.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jenette E. Ramos sold 1,640 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $367.52, for a total transaction of $602,732.80. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Several brokerages have weighed in on BA. Tigress Financial reissued a “buy” rating on shares of Boeing in a report on Monday, November 26th. ValuEngine lowered shares of Boeing from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Cowen reiterated a “buy” rating and issued a $445.00 price objective on shares of Boeing in a research report on Tuesday, November 13th. Jefferies Financial Group set a $420.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Tuesday, November 13th. Finally, Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $407.00 price objective on the stock in a research report on Friday, October 26th. Eight research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $410.21.

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About Boeing

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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