Voya Financial Advisors Inc. Has $6.07 Million Stake in Boeing Co (NYSE:BA)

Voya Financial Advisors Inc. grew its stake in shares of Boeing Co (NYSE:BA) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,859 shares of the aircraft producer’s stock after acquiring an additional 282 shares during the quarter. Voya Financial Advisors Inc.’s holdings in Boeing were worth $6,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Capital Wealth Advisors raised its position in shares of Boeing by 0.4% during the 3rd 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 in the last quarter. Pflug Koory LLC raised its position in shares of Boeing by 0.6% during the 3rd 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 in the last quarter. LeJeune Puetz Investment Counsel LLC increased its position in Boeing by 0.3% in the third quarter. LeJeune Puetz Investment Counsel LLC now owns 10,904 shares of the aircraft producer’s stock worth $4,149,000 after buying an additional 30 shares during the period. Lesa Sroufe & Co increased its position in Boeing by 2.4% in the third quarter. Lesa Sroufe & Co now owns 1,292 shares of the aircraft producer’s stock worth $492,000 after buying an additional 30 shares during the period. Finally, OLD Dominion Capital Management Inc. increased its position in Boeing by 0.8% in the third quarter. OLD Dominion Capital Management Inc. now owns 3,587 shares of the aircraft producer’s stock worth $1,365,000 after buying an additional 30 shares during the period. 68.64% of the stock is owned by institutional investors.

Several brokerages have weighed in on BA. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $370.00 target price on shares of Boeing in a research report on Wednesday, October 23rd. Cowen set a $460.00 target price on Boeing and gave the stock a “buy” rating in a research report on Friday, October 11th. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. UBS Group raised Boeing from a “neutral” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays reissued an “equal weight” rating and set a $353.00 price target (down from $367.00) on shares of Boeing in a report on Monday, November 4th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. Boeing has a consensus rating of “Hold” and a consensus target price of $379.30.

Shares of BA traded down $3.24 during midday trading on Wednesday, reaching $348.84. 3,012,860 shares of the stock were exchanged, compared to its average volume of 5,303,281. The firm has a 50 day simple moving average of $356.94 and a 200-day simple moving average of $358.42. The company has a quick ratio of 0.31, a current ratio of 1.11 and a debt-to-equity ratio of 48.98. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01. The company has a market cap of $206.08 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 42.51 and a beta of 1.24.

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 Zacks’ consensus estimate of $2.04 by ($0.59). The company had revenue of $19.98 billion during the quarter, compared to the consensus estimate of $20 billion. Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The firm’s revenue was down 20.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.58 earnings per share. Research analysts expect that Boeing Co will post 1.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be issued a dividend of $2.055 per share. This represents a $8.22 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, November 7th. Boeing’s payout ratio is presently 51.34%.

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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