Anchor Capital Advisors LLC increased its holdings in shares of Boeing Co (NYSE:BA) by 7.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,128 shares of the aircraft producer’s stock after acquiring an additional 290 shares during the period. Anchor Capital Advisors LLC’s holdings in Boeing were worth $1,535,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BA. Trust Co. of Vermont grew its position in shares of Boeing by 4.4% during the 2nd quarter. Trust Co. of Vermont now owns 19,580 shares of the aircraft producer’s stock worth $6,569,000 after buying an additional 825 shares during the period. Raymond James Trust N.A. grew its position in shares of Boeing by 2.9% during the 2nd quarter. Raymond James Trust N.A. now owns 21,229 shares of the aircraft producer’s stock worth $7,122,000 after buying an additional 599 shares during the period. Capital Asset Advisory Services LLC grew its position in shares of Boeing by 12.6% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 2,681 shares of the aircraft producer’s stock worth $900,000 after buying an additional 300 shares during the period. First Citizens Bank & Trust Co. grew its holdings in Boeing by 21.0% during the second quarter. First Citizens Bank & Trust Co. now owns 16,875 shares of the aircraft producer’s stock valued at $5,662,000 after purchasing an additional 2,923 shares during the period. Finally, Vigilant Capital Management LLC grew its holdings in Boeing by 30.3% during the second quarter. Vigilant Capital Management LLC now owns 1,702 shares of the aircraft producer’s stock valued at $571,000 after purchasing an additional 396 shares during the period. 69.64% of the stock is owned by hedge funds and other institutional investors.

Shares of BA opened at $331.90 on Friday. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.32 and a current ratio of 1.10. Boeing Co has a twelve month low of $277.80 and a twelve month high of $394.28. The company has a market capitalization of $194.50 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 1.71 and a beta of 1.30.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.47 by $0.11. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The firm had revenue of $25.15 billion for the quarter, compared to analyst estimates of $23.84 billion. During the same quarter in the previous year, the firm posted $2.72 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. Analysts anticipate that Boeing Co will post 15.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, November 8th. Boeing’s payout ratio is currently 56.81%.

A number of brokerages recently issued reports on BA. Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $407.00 price objective for the company in a report on Friday, October 26th. JPMorgan Chase & Co. set a $400.00 price objective on shares of Boeing and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group boosted their price objective on shares of Boeing from $415.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, October 25th. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. Finally, Tigress Financial restated a “buy” rating on shares of Boeing in a report on Monday, November 26th. Eight analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $410.21.

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

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About Boeing

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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