Gilbert & Cook Inc. grew its stake in shares of Boeing Co (NYSE:BA) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 902 shares of the aircraft producer’s stock after buying an additional 30 shares during the quarter. Gilbert & Cook Inc.’s holdings in Boeing were worth $343,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BA. NuWave Investment Management LLC boosted its position in Boeing by 554.5% during the 2nd quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Guidant Wealth Advisors purchased a new position in shares of Boeing during the second quarter valued at approximately $28,000. 1 North Wealth Services LLC purchased a new position in shares of Boeing during the third quarter valued at approximately $32,000. Atwater Malick LLC purchased a new position in shares of Boeing during the third quarter valued at approximately $39,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Boeing during the second quarter valued at approximately $40,000. 67.84% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:BA traded down $6.31 during trading hours on Friday, reaching $351.00. The company had a trading volume of 3,117,554 shares, compared to its average volume of 5,364,701. The company has a current ratio of 1.11, a quick ratio of 0.31 and a debt-to-equity ratio of 48.98. Boeing Co has a 52 week low of $292.47 and a 52 week high of $446.01. The firm has a market cap of $201.64 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 39.90 and a beta of 1.24. The firm’s 50 day moving average price is $362.82 and its 200-day moving average price is $358.59.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.59). Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. The company had revenue of $19.98 billion during the quarter, compared to the consensus estimate of $20 billion. During the same period last year, the firm posted $3.58 EPS. The company’s revenue for the quarter was down 20.5% on a year-over-year basis. On average, analysts forecast that Boeing Co will post 1.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a $2.055 dividend. This represents a $8.22 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Thursday, November 7th. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

Several equities analysts have recently issued reports on the stock. Deutsche Bank reiterated a “buy” rating on shares of Boeing in a report on Friday. Jefferies Financial Group set a $420.00 price objective on shares of Boeing and gave the stock a “buy” rating in a report on Monday, October 28th. Bank of America set a $370.00 price objective on shares of Boeing and gave the stock a “hold” rating in a report on Monday, October 21st. Canaccord Genuity decreased their price objective on shares of Boeing from $380.00 to $370.00 and set a “hold” rating for the company in a report on Thursday, October 24th. Finally, Citigroup decreased their price objective on shares of Boeing from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $379.30.

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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