Legg Mason Asset Management Japan Co. Ltd. decreased its position in Boeing Company (The) (NYSE:BA) by 5.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,500 shares of the aircraft producer’s stock after selling 600 shares during the quarter. Boeing makes up 1.5% of Legg Mason Asset Management Japan Co. Ltd.’s portfolio, making the stock its 9th biggest position. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Boeing were worth $1,879,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Boeing by 1.0% in the second quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock worth $7,991,613,000 after acquiring an additional 407,511 shares during the last quarter. State Street Corp grew its stake in shares of Boeing by 0.3% in 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 last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Boeing by 4.2% in 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 last quarter. LSV Asset Management grew its stake in shares of Boeing by 0.7% in the second quarter. LSV Asset Management now owns 3,006,858 shares of the aircraft producer’s stock worth $594,606,000 after acquiring an additional 21,804 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Boeing by 9.3% in 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 last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

A number of equities research analysts have recently commented on BA shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $274.00 target price on shares of Boeing in a research note on Friday, August 11th. Vetr cut Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 price objective on the stock. in a research report on Wednesday, August 16th. Morgan Stanley set a $260.00 price objective on Boeing and gave the company a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research raised Boeing from a “hold” rating to a “strong-buy” rating and set a $271.00 price objective on the stock in a research report on Tuesday, August 22nd. Finally, ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $257.81.

Boeing Company (NYSE BA) opened at $285.90 on Friday. The stock has a market capitalization of $167,935.27, a PE ratio of 28.92, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. 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 12-month low of $153.06 and a 12-month high of $287.32.

Boeing (NYSE:BA) last announced its earnings results 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 business had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. Boeing 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 last year, the firm posted $3.51 earnings per share. equities analysts anticipate that Boeing Company will post 10.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were given a $1.42 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $5.68 annualized dividend and a yield of 1.99%. Boeing’s payout ratio is 52.21%.

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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.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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