Tiaa Fsb Purchases Shares of 71,919 Boeing Company (The) (BA)

Tiaa Fsb purchased a new position in shares of Boeing Company (The) (NYSE:BA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 71,919 shares of the aircraft producer’s stock, valued at approximately $14,222,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Boeing by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after purchasing an additional 407,511 shares in the last quarter. State Street Corp lifted its holdings in Boeing by 0.3% in the 1st quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock valued at $5,028,731,000 after purchasing an additional 87,850 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Boeing by 4.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,066,519 shares of the aircraft producer’s stock valued at $606,405,000 after purchasing an additional 123,420 shares in the last quarter. LSV Asset Management lifted its holdings in Boeing by 0.7% in the 2nd quarter. LSV Asset Management now owns 3,006,858 shares of the aircraft producer’s stock valued at $594,606,000 after purchasing an additional 21,804 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Boeing by 9.3% in the 2nd quarter. Legal & General Group Plc now owns 2,906,822 shares of the aircraft producer’s stock valued at $574,841,000 after purchasing an additional 246,578 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have issued reports on BA. Vetr lowered shares of Boeing from a “hold” rating to a “sell” rating and set a $263.71 target price on the stock. in a report on Friday, December 1st. Jefferies Group upped their target price on shares of Boeing from $300.00 to $312.00 and gave the company a “buy” rating in a report on Tuesday, November 21st. Royal Bank Of Canada set a $290.00 target price on shares of Boeing and gave the company a “hold” rating in a report on Wednesday, November 15th. Nord/LB set a $250.00 target price on shares of Boeing and gave the company a “neutral” rating in a report on Thursday, November 2nd. Finally, Sanford C. Bernstein upped their target price on shares of Boeing from $303.00 to $310.00 and gave the company an “outperform” rating in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $257.81.

Shares of Boeing Company (BA) opened at $278.27 on Thursday. The stock has a market cap of $164,105.70, a P/E ratio of 28.26, a P/E/G ratio of 2.10 and a beta of 1.24. Boeing Company has a 1 year low of $151.07 and a 1 year high of $281.83. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Thursday, November 9th. Boeing’s dividend payout ratio (DPR) is presently 52.21%.

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Boeing 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 (NYSE:BA)

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