Fisher Asset Management LLC Raises Stake in Boeing Co. (BA)
Fisher Asset Management LLC raised its position in Boeing Co. (NYSE:BA) by 35.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 290,778 shares of the aircraft producer’s stock after buying an additional 75,528 shares during the period. Fisher Asset Management LLC’s holdings in Boeing were worth $38,307,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Berson & Corrado Investment Advisors LLC boosted its stake in Boeing by 3.6% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 38,900 shares of the aircraft producer’s stock worth $5,052,000 after buying an additional 1,334 shares during the last quarter. Stillwater Investment Management LLC boosted its stake in Boeing by 0.8% in the second quarter. Stillwater Investment Management LLC now owns 1,949 shares of the aircraft producer’s stock worth $253,000 after buying an additional 16 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in Boeing by 2.2% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 154,997 shares of the aircraft producer’s stock worth $20,129,000 after buying an additional 3,372 shares during the last quarter. LVM Capital Management Ltd. MI boosted its stake in Boeing by 4.4% in the second quarter. LVM Capital Management Ltd. MI now owns 59,620 shares of the aircraft producer’s stock worth $7,743,000 after buying an additional 2,530 shares during the last quarter. Finally, Founders Financial Securities LLC purchased a new stake in Boeing during the second quarter worth approximately $1,992,000. 72.90% of the stock is currently owned by institutional investors.
Boeing Co. (NYSE:BA) traded down 0.29% during midday trading on Tuesday, reaching $149.34. The company’s stock had a trading volume of 179,263 shares. The stock has a market cap of $92.17 billion, a P/E ratio of 22.82 and a beta of 1.02. The stock’s 50 day moving average is $141.96 and its 200 day moving average is $133.86. Boeing Co. has a 12-month low of $102.10 and a 12-month high of $150.81.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 26th. The aircraft producer reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.89. The business 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 business’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.52 EPS. Analysts anticipate that Boeing Co. will post $7.09 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Tuesday, November 8th. Boeing’s dividend payout ratio (DPR) is presently 66.36%.
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A number of research firms have commented on BA. Vetr cut shares of Boeing from a “hold” rating to a “sell” rating and set a $126.07 target price on the stock. in a research note on Wednesday, August 24th. Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a research report on Wednesday, September 28th. Goldman Sachs Group Inc. set a $109.00 price objective on shares of Boeing and gave the company a “sell” rating in a research report on Thursday, October 27th. Societe Generale set a $148.00 price objective on shares of Boeing and gave the company a “neutral” rating in a research report on Friday, October 28th. Finally, TheStreet upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $147.99.
In other news, EVP J Michael Luttig sold 200,754 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $142.46, for a total transaction of $28,599,414.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.58% of the company’s stock.
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.
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