ETRADE Capital Management LLC decreased its stake in shares of Boeing Company (The) (NYSE:BA) by 26.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,116 shares of the aircraft producer’s stock after selling 2,883 shares during the quarter. ETRADE Capital Management LLC’s holdings in Boeing were worth $1,605,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC grew its position in Boeing by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after buying an additional 402 shares during the period. Catamount Wealth Management acquired a new stake in Boeing during the second quarter valued at $138,000. Herndon Capital Management LLC grew its position in Boeing by 29.7% during the second quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after buying an additional 165 shares during the period. SRS Capital Advisors Inc. grew its position in Boeing by 16.9% during the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after buying an additional 107 shares during the period. Finally, Acrospire Investment Management LLC grew its position in Boeing by 14.3% during the second quarter. Acrospire Investment Management LLC now owns 800 shares of the aircraft producer’s stock valued at $158,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Several analysts recently commented on the stock. Vetr lowered shares of Boeing from a “hold” rating to a “sell” rating and set a $263.71 price target on the stock. in a research report on Friday, December 1st. Jefferies Group increased their price objective on shares of Boeing from $300.00 to $312.00 and gave the company a “buy” rating in a report on Tuesday, November 21st. Royal Bank Of Canada set a $290.00 price objective on shares of Boeing and gave the company a “hold” rating in a report on Wednesday, November 15th. Credit Suisse Group reaffirmed an “outperform” rating and set a $310.00 price objective (up from $300.00) on shares of Boeing in a report on Tuesday, October 24th. Finally, Morgan Stanley increased their price objective on shares of Boeing from $260.00 to $285.00 and gave the company an “equal weight” rating in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $257.81.

Shares of Boeing Company (NYSE BA) opened at $278.27 on Thursday. Boeing Company has a 12-month low of $151.07 and a 12-month high of $281.83. The stock has a market cap of $164,105.70, a PE ratio of 28.26, a P/E/G ratio of 2.10 and a beta of 1.24. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. Boeing 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 last year, the business earned $3.51 earnings per share. Boeing’s revenue was up 1.7% compared to the same quarter last year. analysts predict that Boeing Company will post 10.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, November 9th. Boeing’s payout ratio is currently 52.21%.

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Boeing Company 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.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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