Wealthsource Partners LLC bought a new position in shares of Boeing Co (NYSE:BA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,653 shares of the aircraft producer’s stock, valued at approximately $525,000.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted 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 worth $7,991,613,000 after purchasing an additional 407,511 shares during the period. Janus Henderson Group PLC boosted its position in Boeing by 7,215.0% during the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after purchasing an additional 4,852,679 shares during the period. Schwab Charles Investment Management Inc. boosted its position 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 valued at $606,405,000 after acquiring an additional 123,420 shares during the period. LSV Asset Management boosted its position 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 valued at $594,606,000 after acquiring an additional 21,804 shares during the period. Finally, Legal & General Group Plc boosted its position 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 valued at $574,841,000 after acquiring an additional 246,578 shares during the period. Hedge funds and other institutional investors own 70.97% of the company’s stock.

A number of equities analysts have recently commented on BA shares. Deutsche Bank raised their price objective on shares of Boeing to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Jefferies Group restated a “buy” rating and issued a $300.00 price objective on shares of Boeing in a research report on Friday, October 6th. Nord/LB set a $250.00 price objective on shares of Boeing and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Royal Bank of Canada raised their price objective on shares of Boeing from $269.00 to $273.00 and gave the company a “sector perform” rating in a research report on Thursday, October 26th. Finally, Vetr lowered shares of Boeing from a “hold” rating to a “sell” rating and set a $263.71 price objective for the company. in a research report on Friday, December 1st. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $266.73.

Shares of Boeing Co (BA) opened at $289.94 on Wednesday. The firm has a market cap of $168,644.00, a P/E ratio of 29.04, a P/E/G ratio of 2.16 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 Co has a one year low of $153.06 and a one year high of $292.80.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.07. The business had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. Boeing’s quarterly revenue 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 Co will post 10.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be paid a $1.71 dividend. This is an increase from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Thursday, February 8th. Boeing’s dividend payout ratio (DPR) is currently 52.21%.

Boeing announced that its Board of Directors has authorized a share repurchase plan on Monday, December 11th that authorizes the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization authorizes the aircraft producer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: This piece of content was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/13/wealthsource-partners-llc-acquires-shares-of-2653-boeing-co-ba.html.

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)

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