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AF. Bauer Reached $7,100,000 Position Of Boeing Co. (BA)
AF. Bauer raised its stake in shares of Boeing Co. (NYSE:BA) by 97.5% during the second quarter, Holdings Channel reports. The firm owned 53,380 shares of the aircraft producer’s stock after buying an additional 26,357 shares during the period. AF. Bauer’s holdings in Boeing were worth $7,100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BA. Arcus Capital Partners LLC increased its position in shares of Boeing by 0.8% in the second quarter. Arcus Capital Partners LLC now owns 1,590 shares of the aircraft producer’s stock valued at $207,000 after buying an additional 13 shares during the period. Mycio Wealth Partners LLC increased its position in shares of Boeing by 0.3% in the second quarter. Mycio Wealth Partners LLC now owns 3,813 shares of the aircraft producer’s stock valued at $495,000 after buying an additional 13 shares during the period. Everett Harris & Co. CA increased its position in shares of Boeing by 0.4% in the second quarter. Everett Harris & Co. CA now owns 3,902 shares of the aircraft producer’s stock valued at $507,000 after buying an additional 15 shares during the period. Stillwater Investment Management LLC increased its position in shares of Boeing by 0.8% in the second quarter. Stillwater Investment Management LLC now owns 1,949 shares of the aircraft producer’s stock valued at $253,000 after buying an additional 16 shares during the period. Finally, McNamara Financial Services Inc. increased its position in shares of Boeing by 0.8% in the second quarter. McNamara Financial Services Inc. now owns 2,162 shares of the aircraft producer’s stock valued at $281,000 after buying an additional 18 shares during the period. Institutional investors own 75.47% of the company’s stock.

Boeing Co. (NYSE:BA) traded up 0.56% during trading on Friday, reaching $148.52. 3,585,163 shares of the company were exchanged. The firm has a 50-day moving average of $137.29 and a 200-day moving average of $132.81. Boeing Co. has a 52-week low of $102.10 and a 52-week high of $150.59. The firm has a market cap of $91.66 billion, a price-to-earnings ratio of 22.70 and a beta of 1.02.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 26th. The aircraft producer reported $3.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.89. Boeing had a net margin of 4.52% and a return on equity of 126.01%. The company earned $23.90 billion during the quarter, compared to the consensus estimate of $23.73 billion. During the same period in the previous year, the firm posted $2.52 earnings per share. The company’s revenue was down 7.5% on a year-over-year basis. On average, equities analysts forecast that Boeing Co. will post $7.08 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Tuesday, November 8th. Boeing’s dividend payout ratio is presently 66.36%.

A number of analysts have recently commented on the company. Vertical Research assumed coverage on Boeing in a report on Friday, October 28th. They set a “hold” rating for the company. Argus upped their price objective on Boeing from $143.31 to $160.00 and gave the stock a “buy” rating in a report on Friday, October 28th. Societe Generale set a $148.00 price objective on Boeing and gave the stock a “neutral” rating in a report on Friday, October 28th. TheStreet upgraded Boeing from a “hold” rating to a “buy” rating in a report on Wednesday, October 26th. Finally, Goldman Sachs Group Inc. set a $109.00 price objective on Boeing and gave the stock a “sell” rating in a report on Thursday, October 27th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $147.26.

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Andreas F Bauer, a Dutch Investment Firm , Licensed and Authorised by the Dutch Authority for Financial Markets (AFM), under license number 12042561

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