State Treasurer State of Michigan decreased its stake in Boeing Co. (NYSE:BA) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 202,490 shares of the aircraft producer’s stock after selling 5,500 shares during the period. State Treasurer State of Michigan’s holdings in Boeing were worth $26,676,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of Boeing by 2,998.0% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 151,800 shares of the aircraft producer’s stock valued at $19,998,000 after buying an additional 146,900 shares during the last quarter. Aviance Capital Partners LLC boosted its stake in shares of Boeing by 4.2% in the third quarter. Aviance Capital Partners LLC now owns 39,453 shares of the aircraft producer’s stock valued at $5,198,000 after buying an additional 1,597 shares during the last quarter. Decatur Capital Management Inc. boosted its stake in shares of Boeing by 2.8% in the third quarter. Decatur Capital Management Inc. now owns 100,474 shares of the aircraft producer’s stock valued at $13,236,000 after buying an additional 2,765 shares during the last quarter. Wealthsource Partners LLC boosted its stake in shares of Boeing by 15.3% in the third quarter. Wealthsource Partners LLC now owns 2,449 shares of the aircraft producer’s stock valued at $323,000 after buying an additional 325 shares during the last quarter. Finally, Investment Partners Ltd. OH ADV boosted its stake in shares of Boeing by 71.9% in the third quarter. Investment Partners Ltd. OH ADV now owns 12,371 shares of the aircraft producer’s stock valued at $1,630,000 after buying an additional 5,173 shares during the last quarter. 72.90% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Shares of Boeing Co. (NYSE:BA) traded up 0.22% during mid-day trading on Tuesday, reaching $150.10. 523,593 shares of the company traded hands. The firm’s 50 day moving average price is $141.96 and its 200-day moving average price is $133.86. The company has a market capitalization of $92.64 billion, a P/E ratio of 22.94 and a beta of 1.02. Boeing Co. has a 52-week low of $102.10 and a 52-week high of $150.81.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 26th. The aircraft producer reported $3.51 EPS for the quarter, beating the consensus estimate of $2.62 by $0.89. The company earned $23.90 billion during the quarter, compared to analysts’ expectations of $23.73 billion. Boeing had a return on equity of 126.01% and a net margin of 4.52%. The firm’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.52 EPS. Equities analysts predict that Boeing Co. will post $7.09 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Tuesday, November 8th. Boeing’s dividend payout ratio (DPR) is 66.36%.

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BA has been the subject of several analyst reports. Vetr cut shares of Boeing from a “hold” rating to a “sell” rating and set a $142.21 target price for the company. in a research note on Thursday, November 24th. Vertical Research initiated coverage on shares of Boeing in a research note on Friday, October 28th. They issued a “hold” rating for the company. Argus boosted their target price on shares of Boeing from $143.31 to $160.00 and gave the company a “buy” rating in a research note on Friday, October 28th. Societe Generale set a $148.00 target price on shares of Boeing and gave the company a “neutral” rating in a research note on Friday, October 28th. Finally, TheStreet upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $147.99.

In other Boeing news, EVP J Michael Luttig sold 200,754 shares of Boeing stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $142.46, for a total value of $28,599,414.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.58% of the stock is owned by company insiders.

Boeing Company Profile

The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.

5 Day Chart for NYSE:BA

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