First American Bank purchased a new position in shares of Boeing Co (NYSE:BA) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,261 shares of the aircraft producer’s stock, valued at approximately $12,370,000. Boeing makes up 0.9% of First American Bank’s holdings, making the stock its 26th largest holding.

Several other large investors also recently made changes to their positions in BA. Hudock Capital Group LLC raised its holdings in Boeing by 4.5% in the third quarter. Hudock Capital Group LLC now owns 4,536 shares of the aircraft producer’s stock worth $1,687,000 after buying an additional 195 shares during the last quarter. Bainco International Investors raised its holdings in shares of Boeing by 2.7% during the third quarter. Bainco International Investors now owns 26,494 shares of the aircraft producer’s stock valued at $9,853,000 after purchasing an additional 690 shares during the last quarter. Sabal Trust CO raised its holdings in shares of Boeing by 1.4% during the third quarter. Sabal Trust CO now owns 86,683 shares of the aircraft producer’s stock valued at $32,238,000 after purchasing an additional 1,230 shares during the last quarter. Raymond James Trust N.A. raised its holdings in shares of Boeing by 1.4% during the third quarter. Raymond James Trust N.A. now owns 21,528 shares of the aircraft producer’s stock valued at $8,006,000 after purchasing an additional 299 shares during the last quarter. Finally, First Hawaiian Bank purchased a new position in shares of Boeing during the third quarter valued at approximately $7,426,000. Institutional investors own 70.26% of the company’s stock.

BA has been the subject of several research reports. Canaccord Genuity reissued a “hold” rating and set a $350.00 price objective on shares of Boeing in a report on Tuesday, July 24th. Cowen reissued a “buy” rating and set a $430.00 price objective on shares of Boeing in a report on Wednesday, July 25th. Goldman Sachs Group set a $375.00 price objective on shares of Boeing and gave the company a “neutral” rating in a report on Wednesday, July 25th. JPMorgan Chase & Co. reissued a “buy” rating and set a $400.00 price objective on shares of Boeing in a report on Thursday, July 26th. Finally, Credit Suisse Group reissued a “buy” rating and set a $455.00 price objective on shares of Boeing in a report on Thursday, July 26th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Boeing presently has a consensus rating of “Buy” and an average target price of $410.21.

In other Boeing news, SVP Jenette E. Ramos sold 1,640 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $367.52, for a total value of $602,732.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Diana L. Sands sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $350.07, for a total transaction of $1,750,350.00. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Shares of BA stock opened at $341.57 on Friday. Boeing Co has a 12 month low of $262.03 and a 12 month high of $394.28. The company has a market cap of $202.75 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 8.07, a current ratio of 1.10 and a quick ratio of 0.32.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.11. The business had revenue of $25.15 billion during the quarter, compared to analyst estimates of $23.84 billion. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.72 earnings per share. As a group, research analysts predict that Boeing Co will post 15.07 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be given a $1.71 dividend. The ex-dividend date is Thursday, November 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.00%. Boeing’s payout ratio is currently 56.81%.

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Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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