Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Boeing Company (The) (NYSE:BA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,733 shares of the aircraft producer’s stock, valued at approximately $540,000.

Several other institutional investors and hedge funds have also modified their holdings of BA. Proficio Capital Partners LLC increased its holdings in shares of Boeing Company (The) by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after purchasing an additional 402 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of Boeing Company (The) by 16.9% during the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after purchasing an additional 107 shares during the period. Catamount Wealth Management acquired a new position in shares of Boeing Company (The) during the second quarter valued at $138,000. Herndon Capital Management LLC increased its holdings in shares of Boeing Company (The) by 29.7% during the second quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after purchasing an additional 165 shares during the period. Finally, Shine Investment Advisory Services Inc. acquired a new position in shares of Boeing Company (The) during the second quarter valued at $188,000. 72.04% of the stock is currently owned by institutional investors.

Shares of Boeing Company (NYSE BA) opened at $264.63 on Tuesday. The stock has a market capitalization of $157,610.00, a PE ratio of 26.90, 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 current ratio of 1.18 and a quick ratio of 0.39. Boeing Company has a one year low of $146.52 and a one year high of $267.62.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, November 9th. Boeing Company (The)’s dividend payout ratio is currently 52.25%.

TRADEMARK VIOLATION WARNING: “Old Mutual Global Investors UK Ltd. Invests $540,000 in Boeing Company (The) (BA)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/11/21/old-mutual-global-investors-uk-ltd-invests-540000-in-boeing-company-the-ba.html.

A number of brokerages have recently commented on BA. Vetr raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price target on the stock in a report on Monday, August 7th. Sanford C. Bernstein reissued an “outperform” rating and set a $274.00 price target on shares of Boeing Company (The) in a report on Friday, August 11th. Royal Bank Of Canada raised Boeing Company (The) from an “underperform” rating to a “sector perform” rating and raised their price target for the company from $146.00 to $235.00 in a report on Thursday, July 27th. Zacks Investment Research lowered Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, UBS AG raised their target price on Boeing Company (The) from $180.00 to $253.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average 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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Company (The) (NYSE:BA).

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

Receive News & Stock Ratings for Boeing Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Company (The) and related stocks with our FREE daily email newsletter.