Boeing Company (The) (BA) Shares Sold by MML Investors Services LLC
MML Investors Services LLC trimmed its holdings in shares of Boeing Company (The) (NYSE:BA) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,969 shares of the aircraft producer’s stock after selling 1,283 shares during the period. MML Investors Services LLC’s holdings in Boeing were worth $8,102,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. LMR Partners LLP acquired a new position in Boeing during the second quarter worth about $4,904,000. Allegis Investment Advisors LLC acquired a new position in Boeing during the second quarter worth about $351,000. Blair William & Co. IL grew its holdings in Boeing by 4.1% during the second quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock worth $31,170,000 after acquiring an additional 6,141 shares during the period. Alps Advisors Inc. grew its holdings in Boeing by 46.4% during the second quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock worth $956,000 after acquiring an additional 1,532 shares during the period. Finally, State of Wisconsin Investment Board grew its holdings in Boeing by 23.2% during the second quarter. State of Wisconsin Investment Board now owns 596,657 shares of the aircraft producer’s stock worth $117,989,000 after acquiring an additional 112,520 shares during the period. 70.81% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on BA shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $274.00 target price on shares of Boeing in a report on Friday, August 11th. Vetr cut Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 price target on the stock. in a research note on Wednesday, August 16th. Morgan Stanley set a $260.00 price target on Boeing and gave the stock a “hold” rating in a research note on Thursday, August 17th. Zacks Investment Research raised Boeing from a “hold” rating to a “strong-buy” rating and set a $271.00 price target on the stock in a research note on Tuesday, August 22nd. Finally, ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. Boeing presently has an average rating of “Buy” and a consensus target price of $257.81.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The firm had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. During the same period last year, the company posted $3.51 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. equities analysts predict that Boeing Company will post 10.1 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were given a dividend of $1.42 per share. The ex-dividend date was Thursday, November 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.04%. Boeing’s payout ratio is presently 52.21%.
Boeing 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.
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