Frontier Wealth Management LLC reduced its position in Boeing Company (The) (NYSE:BA) by 1.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,201 shares of the aircraft producer’s stock after selling 124 shares during the quarter. Frontier Wealth Management LLC’s holdings in Boeing were worth $1,424,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Boeing by 1.0% during the second quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after purchasing an additional 407,511 shares during the last quarter. State Street Corp lifted its position in Boeing by 0.3% during the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock valued at $5,028,731,000 after purchasing an additional 87,850 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Boeing by 4.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,066,519 shares of the aircraft producer’s stock valued at $606,405,000 after purchasing an additional 123,420 shares during the last quarter. LSV Asset Management lifted its position in Boeing by 0.7% during the second quarter. LSV Asset Management now owns 3,006,858 shares of the aircraft producer’s stock valued at $594,606,000 after purchasing an additional 21,804 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Boeing by 9.3% during the second quarter. Legal & General Group Plc now owns 2,906,822 shares of the aircraft producer’s stock valued at $574,841,000 after purchasing an additional 246,578 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Shares of Boeing Company (NYSE:BA) opened at $285.90 on Friday. The firm has a market cap of $170,275.75, a P/E ratio of 29.32, a PEG ratio of 2.18 and a beta of 1.24. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. Boeing Company has a 1-year low of $153.06 and a 1-year high of $287.32.

Boeing (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 Zacks’ consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.51 EPS. research analysts predict that Boeing Company will post 10.1 earnings per share for the current year.

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

Several equities research analysts have issued reports on BA shares. Vetr lowered shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 target price for the company. in a research report on Wednesday, August 16th. Morgan Stanley set a $260.00 target price on shares of Boeing and gave the company a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and set a $271.00 target price for the company in a research report on Tuesday, August 22nd. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Cowen reiterated a “buy” rating and set a $300.00 target price on shares of Boeing in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. Boeing presently has a consensus rating of “Buy” and an average price target of $257.81.

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Boeing 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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