Hanson & Doremus Investment Management lowered its stake in shares of Boeing Co (NYSE:BA) by 3.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,337 shares of the aircraft producer’s stock after selling 462 shares during the quarter. Boeing makes up approximately 1.4% of Hanson & Doremus Investment Management’s portfolio, making the stock its 12th largest holding. Hanson & Doremus Investment Management’s holdings in Boeing were worth $4,491,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BA. Oregon Public Employees Retirement Fund grew its position in Boeing by 21,969.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 40,328,303 shares of the aircraft producer’s stock valued at $125,000 after buying an additional 40,145,567 shares during the period. Thoroughbred Financial Services LLC boosted its position in Boeing by 36,928.2% during the second quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock worth $623,555,000 after purchasing an additional 6,218,711 shares during the period. FMR LLC boosted its position in Boeing by 26.5% during the first quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock worth $4,211,577,000 after purchasing an additional 2,311,630 shares during the period. Two Sigma Advisers LP boosted its position in Boeing by 33.6% during the fourth quarter. Two Sigma Advisers LP now owns 995,560 shares of the aircraft producer’s stock worth $321,068,000 after purchasing an additional 250,600 shares during the period. Finally, Jennison Associates LLC boosted its position in Boeing by 3.2% during the fourth quarter. Jennison Associates LLC now owns 7,817,279 shares of the aircraft producer’s stock worth $2,521,073,000 after purchasing an additional 245,100 shares during the period. Institutional investors own 67.92% of the company’s stock.

A number of brokerages have weighed in on BA. Credit Suisse Group reiterated a “buy” rating and set a $425.00 target price on shares of Boeing in a research report on Thursday. Wolfe Research lowered shares of Boeing from an “outperform” rating to a “peer perform” rating and cut their target price for the stock from $404.00 to $393.00 in a research report on Thursday. Bank of America set a $420.00 target price on shares of Boeing and gave the stock a “hold” rating in a research report on Thursday, June 27th. UBS Group increased their target price on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Wheaton Precious Metals in a research report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. Boeing presently has an average rating of “Hold” and a consensus price target of $403.79.

Shares of BA stock traded down $3.09 during trading hours on Friday, reaching $345.00. The stock had a trading volume of 4,437,808 shares, compared to its average volume of 4,531,097. The stock has a fifty day simple moving average of $361.04. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. Boeing Co has a 12 month low of $292.47 and a 12 month high of $446.01. The firm has a market capitalization of $194.13 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.40 and a beta of 1.30.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $1.07. The business had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. Boeing’s quarterly revenue was down 35.1% on a year-over-year basis. During the same period last year, the firm posted $3.33 earnings per share. As a group, equities analysts expect that Boeing Co will post 10.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be paid a $2.055 dividend. This represents a $8.22 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, August 8th. Boeing’s dividend payout ratio is currently 51.34%.

Boeing 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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