Invesco Ltd. Grows Stock Position in Boeing Co (NYSE:BA)

Invesco Ltd. lifted its stake in Boeing Co (NYSE:BA) by 52.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,332,545 shares of the aircraft producer’s stock after purchasing an additional 457,431 shares during the period. Invesco Ltd. owned about 0.24% of Boeing worth $485,060,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BA. Thoroughbred Financial Services LLC boosted its holdings in Boeing by 36,928.2% in 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 during the period. FMR LLC boosted its holdings in 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 purchasing an additional 2,311,630 shares during the period. Winslow Capital Management LLC purchased a new position in Boeing in the second quarter valued at $303,860,000. Newport Trust Co boosted its holdings in Boeing by 1.0% in the second quarter. Newport Trust Co now owns 30,669,091 shares of the aircraft producer’s stock valued at $11,163,856,000 after purchasing an additional 298,466 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Boeing by 0.7% in the second quarter. Vanguard Group Inc. now owns 40,214,155 shares of the aircraft producer’s stock valued at $14,638,355,000 after purchasing an additional 275,250 shares during the period. Hedge funds and other institutional investors own 67.85% of the company’s stock.

Shares of BA traded down $4.03 during midday trading on Wednesday, reaching $380.17. 924,209 shares of the stock were exchanged, compared to its average volume of 4,158,185. The business’s 50-day moving average price is $350.70 and its 200 day moving average price is $365.28. 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 twelve month low of $292.47 and a twelve month high of $446.01. The company has a market capitalization of $213.69 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 11.24 and a beta of 1.24.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, topping the Zacks’ consensus estimate of $1.85 by $1.07. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The business had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.05 billion. During the same quarter in the previous year, the firm earned $3.33 earnings per share. The business’s revenue was down 35.1% compared to the same quarter last year. As a group, equities research analysts expect that Boeing Co will post 4.09 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were given a dividend of $2.055 per share. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Thursday, August 8th. Boeing’s dividend payout ratio (DPR) is currently 51.34%.

BA has been the subject of a number of recent analyst reports. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Jefferies Financial Group decreased their price target on Boeing from $448.00 to $420.00 and set a “buy” rating for the company in a report on Friday, July 19th. Cowen set a $460.00 price target on Boeing and gave the stock a “buy” rating in a report on Tuesday, September 10th. Citigroup set a $430.00 price target on Boeing and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Zacks Investment Research raised Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 price target for the company in a report on Monday, June 10th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $402.65.

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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