Hedeker Wealth LLC lowered its stake in shares of Boeing Company (The) (NYSE:BA) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,142 shares of the aircraft producer’s stock after selling 140 shares during the quarter. Hedeker Wealth LLC’s holdings in Boeing Company (The) were worth $621,000 at the end of the most recent reporting period.

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

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Shares of Boeing Company (BA) opened at $262.26 on Friday. The firm has a market capitalization of $157,050.00, a PE ratio of 26.85, a price-to-earnings-growth ratio of 1.99 and a beta of 1.22. Boeing Company has a twelve month low of $144.46 and a twelve month high of $267.62. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion during 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 company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.51 EPS. equities analysts anticipate that Boeing Company will post 10.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.17%. Boeing Company (The)’s dividend payout ratio (DPR) is presently 52.25%.

BA has been the topic of a number of recent research reports. Canaccord Genuity reiterated a “hold” rating and set a $235.00 price target (up previously from $215.00) on shares of Boeing Company (The) in a research note on Sunday, September 17th. ValuEngine upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $289.00 price target on the stock in a research note on Tuesday, October 10th. Cowen and Company reiterated an “outperform” rating and set a $300.00 price target (up previously from $255.00) on shares of Boeing Company (The) in a research note on Monday, July 24th. Finally, Royal Bank Of Canada lifted their price target on shares of Boeing Company (The) from $269.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 26th. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $257.42.

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.

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

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