Beaton Management Co. Inc. purchased a new stake in Boeing Co (NYSE:BA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,963 shares of the aircraft producer’s stock, valued at approximately $784,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Perspective Advisors LLC increased its stake in Boeing by 31.0% in the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after purchasing an additional 135 shares in the last quarter. Proficio Capital Partners LLC increased its stake in Boeing by 181.9% in the 1st quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after purchasing an additional 402 shares in the last quarter. Vantage Investment Advisors LLC increased its stake in Boeing by 11.1% in the 2nd quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after purchasing an additional 84 shares in the last quarter. CWH Capital Management Inc. purchased a new position in Boeing during the second quarter worth $134,000. Finally, Catamount Wealth Management purchased a new position in Boeing during the second quarter worth $138,000. 70.97% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Vetr raised Boeing from a “sell” rating to a “hold” rating and set a $288.75 price target for the company in a research report on Monday. Zacks Investment Research downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Cowen reissued a “buy” rating and set a $315.00 price target on shares of Boeing in a research report on Thursday, October 26th. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Nord/LB set a $250.00 price target on Boeing and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Boeing currently has a consensus rating of “Buy” and a consensus price target of $266.73.

Shares of Boeing Co (NYSE:BA) opened at $291.84 on Thursday. The company has a market capitalization of $172,619.48, a price-to-earnings ratio of 29.73, a PEG ratio of 2.21 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 1 year low of $153.06 and a 1 year high of $295.85.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.07. The business had revenue of $24.31 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $3.51 earnings per share. analysts expect that Boeing Co will post 10.1 EPS for the current year.

Boeing declared that its Board of Directors has authorized a share buyback plan on Monday, December 11th that permits the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization permits the aircraft producer to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be given a $1.71 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.34%. This is an increase from Boeing’s previous quarterly dividend of $1.42. Boeing’s payout ratio is currently 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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