Fishman Jay A Ltd. MI Buys 600 Shares of Boeing Co (NYSE:BA)

Fishman Jay A Ltd. MI boosted its stake in Boeing Co (NYSE:BA) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,190 shares of the aircraft producer’s stock after purchasing an additional 600 shares during the quarter. Boeing comprises approximately 3.5% of Fishman Jay A Ltd. MI’s holdings, making the stock its 12th largest holding. Fishman Jay A Ltd. MI’s holdings in Boeing were worth $18,715,000 as of its most recent filing with the Securities & Exchange Commission.

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Other hedge funds also recently made changes to their positions in the company. Vanguard Capital Wealth Advisors lifted its position in Boeing by 0.4% during the third quarter. Vanguard Capital Wealth Advisors now owns 6,730 shares of the aircraft producer’s stock valued at $2,560,000 after acquiring an additional 29 shares during the last quarter. Pflug Koory LLC lifted its position in Boeing by 0.6% during the third quarter. Pflug Koory LLC now owns 5,398 shares of the aircraft producer’s stock valued at $2,054,000 after acquiring an additional 30 shares during the last quarter. LeJeune Puetz Investment Counsel LLC lifted its position in Boeing by 0.3% during the third quarter. LeJeune Puetz Investment Counsel LLC now owns 10,904 shares of the aircraft producer’s stock valued at $4,149,000 after acquiring an additional 30 shares during the last quarter. Lesa Sroufe & Co lifted its position in Boeing by 2.4% during the third quarter. Lesa Sroufe & Co now owns 1,292 shares of the aircraft producer’s stock valued at $492,000 after acquiring an additional 30 shares during the last quarter. Finally, OLD Dominion Capital Management Inc. lifted its position in Boeing by 0.8% during the third quarter. OLD Dominion Capital Management Inc. now owns 3,587 shares of the aircraft producer’s stock valued at $1,365,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 67.72% of the company’s stock.

Shares of NYSE:BA traded up $4.24 during trading on Friday, hitting $371.68. 5,012,690 shares of the company were exchanged, compared to its average volume of 6,171,135. The stock has a market capitalization of $206.79 billion, a P/E ratio of 23.22, a PEG ratio of 44.26 and a beta of 1.24. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.11 and a quick ratio of 0.31. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01. The firm’s 50 day moving average price is $360.57 and its 200-day moving average price is $358.08.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.59). The company had revenue of $19.98 billion for the quarter, compared to analysts’ expectations of $20 billion. Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. The firm’s quarterly revenue was down 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.58 EPS. As a group, equities research analysts anticipate that Boeing Co will post 1.02 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be paid a $2.055 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $8.22 annualized dividend and a yield of 2.21%. Boeing’s dividend payout ratio is currently 51.34%.

BA has been the topic of a number of recent analyst reports. Goldman Sachs Group restated a “neutral” rating and set a $370.00 price target on shares of Boeing in a research note on Wednesday, October 23rd. Wolfe Research lowered shares of Boeing from an “outperform” rating to a “peer perform” rating and cut their price objective for the stock from $404.00 to $393.00 in a research note on Thursday, July 25th. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $430.00 to $425.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Cowen set a $460.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $379.30.

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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