KAMES CAPITAL plc grew its holdings in shares of Boeing Co (NYSE:BA) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,654 shares of the aircraft producer’s stock after purchasing an additional 3,429 shares during the quarter. KAMES CAPITAL plc’s holdings in Boeing were worth $54,171,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Argent Trust Co increased its holdings in Boeing by 5.1% in the fourth quarter. Argent Trust Co now owns 5,625 shares of the aircraft producer’s stock valued at $1,659,000 after buying an additional 271 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new position in Boeing in the first quarter valued at $463,000. Budros Ruhlin & Roe Inc. increased its holdings in Boeing by 18.5% in the first quarter. Budros Ruhlin & Roe Inc. now owns 1,492 shares of the aircraft producer’s stock valued at $489,000 after buying an additional 233 shares during the last quarter. Private Ocean LLC increased its holdings in Boeing by 237.7% in the first quarter. Private Ocean LLC now owns 3,691 shares of the aircraft producer’s stock valued at $1,210,000 after buying an additional 2,598 shares during the last quarter. Finally, Gifford Fong Associates purchased a new position in Boeing in the first quarter valued at $4,495,000. 70.42% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Diana L. Sands sold 5,000 shares of the stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $350.07, for a total transaction of $1,750,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.

BA has been the subject of several research analyst reports. Robert W. Baird restated a “buy” rating and issued a $450.00 price objective on shares of Boeing in a research note on Monday, August 13th. Cowen restated a “buy” rating and issued a $430.00 price objective on shares of Boeing in a research note on Wednesday, July 25th. Argus restated a “fair value” rating and issued a $395.00 price objective on shares of Boeing in a research note on Thursday, October 25th. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research note on Wednesday, September 19th. Finally, Canaccord Genuity restated a “hold” rating and issued a $360.00 price objective (up previously from $350.00) on shares of Boeing in a research note on Thursday, October 25th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $410.21.

Shares of BA opened at $369.34 on Friday. Boeing Co has a fifty-two week low of $259.60 and a fifty-two week high of $394.28. The stock has a market cap of $210.55 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 1.79 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 announced its earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, topping the 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 business had revenue of $25.15 billion during the quarter, compared to the consensus estimate of $23.84 billion. During the same quarter in the prior year, the firm earned $2.72 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Boeing Co will post 15.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 9th will be paid a dividend of $1.71 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $6.84 annualized dividend and a dividend yield of 1.85%. Boeing’s dividend payout ratio (DPR) is 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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