New Mexico Educational Retirement Board reduced its stake in Boeing Co (NYSE:BA) by 2.0% during the 2nd quarter, Holdings Channel reports. The firm owned 43,095 shares of the aircraft producer’s stock after selling 900 shares during the period. Boeing makes up 0.7% of New Mexico Educational Retirement Board’s holdings, making the stock its 27th biggest holding. New Mexico Educational Retirement Board’s holdings in Boeing were worth $15,687,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Boeing by 26.5% in the first quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock valued at $4,211,577,000 after buying an additional 2,311,630 shares during the period. Geode Capital Management LLC raised its position in Boeing by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 6,262,103 shares of the aircraft producer’s stock valued at $2,015,856,000 after purchasing an additional 214,945 shares in the last quarter. Thoroughbred Financial Services LLC raised 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 valued at $623,555,000 after purchasing an additional 6,218,711 shares in the last quarter. Janus Henderson Group PLC raised its position in Boeing by 0.4% during the second quarter. Janus Henderson Group PLC now owns 5,575,193 shares of the aircraft producer’s stock valued at $2,029,440,000 after purchasing an additional 21,663 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in Boeing by 5.2% during the second quarter. TD Asset Management Inc. now owns 1,301,381 shares of the aircraft producer’s stock valued at $473,715,000 after purchasing an additional 64,440 shares in the last quarter. Institutional investors and hedge funds own 67.81% of the company’s stock.

NYSE:BA traded up $8.25 during trading hours on Wednesday, hitting $340.00. The stock had a trading volume of 2,396,725 shares, compared to its average volume of 4,738,884. The company has a 50 day simple moving average of $348.42 and a two-hundred day simple moving average of $371.73. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29. Boeing Co has a one year low of $292.47 and a one year high of $446.01. The firm has a market capitalization of $185.95 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 9.78 and a beta of 1.27.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $1.07. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The firm had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.05 billion. During the same period last year, the firm earned $3.33 EPS. The business’s quarterly revenue was down 35.1% compared to the same quarter last year. Equities research analysts anticipate that Boeing Co will post 4.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be given a dividend of $2.055 per share. This represents a $8.22 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Thursday, August 8th. Boeing’s dividend payout ratio (DPR) is currently 51.34%.

Several research analysts have commented on BA shares. Morgan Stanley set a $500.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Friday, July 19th. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. TheStreet lowered shares of Boeing from an “a+” rating to a “c+” rating in a report on Wednesday, April 24th. Zacks Investment Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 target price on the stock in a report on Monday, June 10th. Finally, Cowen set a $460.00 target price on shares of Boeing and gave the stock a “buy” rating in a report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Boeing presently has an average rating of “Hold” and an average target price of $403.10.

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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