Quantitative Systematic Strategies LLC lowered its stake in shares of Boeing Co (NYSE:BA) by 64.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 963 shares of the aircraft producer’s stock after selling 1,716 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Boeing were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of Boeing by 220.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock valued at $105,000 after purchasing an additional 220 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in shares of Boeing in the first quarter valued at about $108,000. Advisors Preferred LLC purchased a new stake in shares of Boeing in the first quarter valued at about $111,000. Lucia Wealth Services LLC purchased a new stake in shares of Boeing in the first quarter valued at about $126,000. Finally, Litman Gregory Asset Management LLC purchased a new stake in shares of Boeing in the first quarter valued at about $131,000. 69.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BA stock opened at $365.03 on Thursday. Boeing Co has a one year low of $251.17 and a one year high of $374.48. The company has a quick ratio of 0.32, a current ratio of 1.11 and a debt-to-equity ratio of -7.65. The company has a market cap of $210.98 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.83 and a beta of 1.44.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.12). Boeing had a return on equity of 2,344.87% and a net margin of 9.92%. The company had revenue of $24.26 billion for the quarter, compared to analyst estimates of $24.02 billion. During the same period last year, the company posted $2.55 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. research analysts anticipate that Boeing Co will post 14.6 EPS for the current year.

Several brokerages have issued reports on BA. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. Jefferies Financial Group upped their price objective on shares of Boeing to $410.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Berenberg Bank reissued a “buy” rating and set a $430.00 price objective on shares of Boeing in a research note on Monday, September 3rd. UBS Group started coverage on shares of Boeing in a research note on Wednesday, August 15th. They set a “buy” rating and a $515.00 price objective on the stock. Finally, Robert W. Baird reissued a “buy” rating and set a $450.00 price objective on shares of Boeing in a research note on Monday, August 13th. Six research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $400.60.

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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