Patriot Financial Group Insurance Agency LLC Has $371,000 Position in Boeing Company (The) (BA)

Patriot Financial Group Insurance Agency LLC lifted its holdings in Boeing Company (The) (NYSE:BA) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,818 shares of the aircraft producer’s stock after purchasing an additional 166 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Boeing Company (The) were worth $371,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BA. Harbour Capital Advisors LLC lifted its position in Boeing Company (The) by 18,613.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock worth $6,787,000 after acquiring an additional 1,334,957 shares during the last quarter. AQR Capital Management LLC lifted its position in Boeing Company (The) by 66.5% during the 1st quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock worth $464,732,000 after acquiring an additional 1,049,546 shares during the last quarter. Swiss National Bank lifted its position in Boeing Company (The) by 25.2% during the 1st quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock worth $367,407,000 after acquiring an additional 418,500 shares during the last quarter. Bank of Nova Scotia lifted its position in Boeing Company (The) by 181.0% during the 1st quarter. Bank of Nova Scotia now owns 609,760 shares of the aircraft producer’s stock worth $107,843,000 after acquiring an additional 392,786 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Boeing Company (The) by 11.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock worth $520,517,000 after acquiring an additional 308,976 shares during the last quarter. 71.51% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. Argus reaffirmed a “buy” rating and set a $270.00 price objective on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Zacks Investment Research lowered shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Vetr lowered shares of Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 price objective for the company. in a research report on Wednesday, August 16th. Wells Fargo & Company reaffirmed a “hold” rating and set a $255.00 price objective (up previously from $240.00) on shares of Boeing Company (The) in a research report on Wednesday, September 20th. Finally, Vertical Research reissued a “hold” rating and issued a $242.00 target price (up previously from $187.00) on shares of Boeing Company (The) in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $255.94.

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Boeing Company (NYSE:BA) opened at $260.85 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. Boeing Company has a 1-year low of $144.46 and a 1-year high of $267.62. The company has a market cap of $155,356.53, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.99 and a beta of 1.22.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.51 EPS. equities research analysts predict that Boeing Company will post 10.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, November 9th. Boeing Company (The)’s dividend payout ratio (DPR) is presently 52.21%.

Boeing Company (The) 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.

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Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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