Hennessy Advisors Inc. cut its position in shares of Boeing Company (The) (NYSE:BA) by 6.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,750 shares of the aircraft producer’s stock after selling 4,050 shares during the quarter. Hennessy Advisors Inc.’s holdings in Boeing Company (The) were worth $11,025,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its stake in Boeing Company (The) by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after purchasing an additional 402 shares during the period. Catamount Wealth Management bought a new position in Boeing Company (The) during the second quarter worth about $138,000. Herndon Capital Management LLC lifted its stake in Boeing Company (The) by 29.7% during the second quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock worth $142,000 after purchasing an additional 165 shares during the period. SRS Capital Advisors Inc. lifted its stake in Boeing Company (The) by 16.9% during the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after purchasing an additional 107 shares during the period. Finally, Shine Investment Advisory Services Inc. bought a new position in Boeing Company (The) during the second quarter worth about $188,000. 72.04% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on BA shares. Deutsche Bank AG raised their price target on shares of Boeing Company (The) to $300.00 and gave the stock a “buy” rating in a research note on Thursday, September 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $300.00 target price on shares of Boeing Company (The) in a research note on Friday, October 6th. Credit Suisse Group reiterated a “sell” rating on shares of Boeing Company (The) in a research note on Friday, July 28th. Nord/LB set a $250.00 target price on shares of Boeing Company (The) and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Finally, Royal Bank Of Canada lifted their target price on shares of Boeing Company (The) from $269.00 to $273.00 and gave the company a “sector perform” rating in a research note on Thursday, October 26th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Boeing Company (The) has an average rating of “Buy” and a consensus price target of $257.94.

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Boeing Company (BA) opened at $265.15 on Thursday. Boeing Company has a fifty-two week low of $148.31 and a fifty-two week high of $267.62. The stock has a market cap of $159,013.50, a price-to-earnings ratio of 27.38, a PEG ratio of 2.03 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 (The) (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.07. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The company had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. During the same quarter in the previous year, the business earned $3.51 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. sell-side analysts expect that Boeing Company will post 10.1 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, November 9th. Boeing Company (The)’s dividend payout ratio (DPR) is 52.21%.

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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