SNS Financial Group LLC reduced its holdings in Boeing Company (The) (NYSE:BA) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,339 shares of the aircraft producer’s stock after selling 50 shares during the period. SNS Financial Group LLC’s holdings in Boeing Company (The) were worth $264,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. State Street Corp grew its position in shares of Boeing Company (The) by 0.3% in the 1st quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock valued at $5,028,731,000 after acquiring an additional 87,850 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Boeing Company (The) by 4.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,066,519 shares of the aircraft producer’s stock valued at $606,405,000 after acquiring an additional 123,420 shares during the period. Legal & General Group Plc grew its position in shares of Boeing Company (The) by 9.3% in the 2nd quarter. Legal & General Group Plc now owns 2,906,822 shares of the aircraft producer’s stock valued at $574,841,000 after acquiring an additional 246,578 shares during the period. AQR Capital Management LLC grew its position in shares of Boeing Company (The) by 66.5% in the 1st quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after acquiring an additional 1,049,546 shares during the period. Finally, Swiss National Bank grew its position in shares of Boeing Company (The) by 2.3% in the 2nd quarter. Swiss National Bank now owns 2,125,891 shares of the aircraft producer’s stock valued at $420,395,000 after acquiring an additional 48,500 shares during the period. Hedge funds and other institutional investors own 71.99% of the company’s stock.

Boeing Company (NYSE BA) opened at $263.70 on Friday. The company has a market cap of $156,553.75, a P/E ratio of 26.96, a PEG ratio of 2.00 and a beta of 1.22. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. Boeing Company has a 12-month low of $144.46 and a 12-month high of $267.62.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, November 9th. Boeing Company (The)’s payout ratio is presently 52.21%.

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BA has been the subject of a number of analyst reports. Berenberg Bank set a $245.00 price objective on shares of Boeing Company (The) and gave the company a “buy” rating in a research report on Friday, July 21st. Zacks Investment Research raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $236.00 price objective for the company in a research report on Friday, July 21st. Cowen and Company reissued an “outperform” rating and issued a $300.00 price objective (up previously from $255.00) on shares of Boeing Company (The) in a research report on Monday, July 24th. Vetr downgraded shares of Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price objective for the company. in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada raised shares of Boeing Company (The) from an “underperform” rating to a “sector perform” rating and lifted their price objective for the company from $146.00 to $235.00 in a research report on Thursday, July 27th. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $257.42.

Boeing Company (The) 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.

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

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