Cannell Peter B & Co. Inc. reduced its position in shares of Boeing Company (The) (NYSE:BA) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,990 shares of the aircraft producer’s stock after selling 117 shares during the period. Cannell Peter B & Co. Inc.’s holdings in Boeing Company (The) were worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of BA. Sawtooth Solutions LLC lifted its stake in Boeing Company (The) by 5.2% in the second quarter. Sawtooth Solutions LLC now owns 1,468 shares of the aircraft producer’s stock valued at $290,000 after buying an additional 72 shares during the period. Cedar Capital LLC lifted its stake in Boeing Company (The) by 8.4% in the second quarter. Cedar Capital LLC now owns 1,441 shares of the aircraft producer’s stock valued at $285,000 after buying an additional 112 shares during the period. Burney Co. lifted its stake in Boeing Company (The) by 3.1% in the second quarter. Burney Co. now owns 34,699 shares of the aircraft producer’s stock valued at $6,852,000 after buying an additional 1,039 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Boeing Company (The) by 6.2% in the second quarter. Sequoia Financial Advisors LLC now owns 3,668 shares of the aircraft producer’s stock valued at $725,000 after buying an additional 214 shares during the period. Finally, Artemis Investment Management LLP acquired a new position in Boeing Company (The) in the second quarter valued at approximately $5,380,000. 71.99% of the stock is currently owned by institutional investors.

Shares of Boeing Company (NYSE:BA) opened at $261.76 on Wednesday. The stock has a market capitalization of $156,291.72, a PE ratio of 26.92, a P/E/G ratio of 2.00 and a beta of 1.22. 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 Company has a 1-year low of $144.46 and a 1-year high of $267.62.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a $1.42 dividend. The ex-dividend date 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 currently 52.21%.

Several research firms have recently commented on BA. Canaccord Genuity restated a “hold” rating and set a $215.00 price objective (up previously from $200.00) on shares of Boeing Company (The) in a report on Sunday, July 30th. Argus restated a “buy” rating and set a $270.00 price objective on shares of Boeing Company (The) in a report on Tuesday, August 1st. Buckingham Research upgraded Boeing Company (The) from an “underperform” rating to a “neutral” rating in a report on Friday, July 28th. Vetr upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price objective for the company in a report on Monday, August 7th. Finally, Bank of America Corporation upgraded Boeing Company (The) from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $150.00 to $225.00 in a report on Wednesday, July 19th. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $256.68.

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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.

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

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