Boeing Co (NYSE:BA) Stock Position Lessened by Waldron Private Wealth LLC

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Waldron Private Wealth LLC decreased its holdings in Boeing Co (NYSE:BA) by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,147 shares of the aircraft producer’s stock after selling 111 shares during the quarter. Waldron Private Wealth LLC’s holdings in Boeing were worth $1,145,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in BA. Massmutual Trust Co. FSB ADV lifted its position in shares of Boeing by 1.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 2,851 shares of the aircraft producer’s stock worth $919,000 after acquiring an additional 29 shares during the period. Cardan Capital Partners LLC raised its position in Boeing by 1.9% in the 1st quarter. Cardan Capital Partners LLC now owns 1,607 shares of the aircraft producer’s stock valued at $613,000 after purchasing an additional 30 shares during the last quarter. Haverford Trust Co. raised its position in Boeing by 0.4% in the 4th quarter. Haverford Trust Co. now owns 7,096 shares of the aircraft producer’s stock valued at $2,288,000 after purchasing an additional 31 shares during the last quarter. Apriem Advisors raised its position in Boeing by 1.3% in the 4th quarter. Apriem Advisors now owns 2,459 shares of the aircraft producer’s stock valued at $793,000 after purchasing an additional 31 shares during the last quarter. Finally, CFO4Life Group LLC raised its position in Boeing by 5.2% in the 2nd quarter. CFO4Life Group LLC now owns 627 shares of the aircraft producer’s stock valued at $228,000 after purchasing an additional 31 shares during the last quarter. 68.65% of the stock is owned by institutional investors.

Shares of Boeing stock traded up $0.96 during trading on Tuesday, reaching $333.90. 2,979,329 shares of the company were exchanged, compared to its average volume of 5,028,821. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. Boeing Co has a twelve month low of $292.47 and a twelve month high of $446.01. The business’s 50-day simple moving average is $354.36. The stock has a market cap of $189.94 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 10.29 and a beta of 1.27.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $15.05 billion. During the same period in the previous year, the firm earned $3.33 earnings per share. The firm’s quarterly revenue was down 35.1% compared to the same quarter last year. On average, analysts expect that Boeing Co will post 3.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be paid a dividend of $2.055 per share. The ex-dividend date is Thursday, August 8th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.46%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

Several equities analysts have issued reports on BA shares. Canaccord Genuity set a $380.00 price objective on Boeing and gave the company a “hold” rating in a research report on Friday, July 19th. Buckingham Research lifted their target price on Boeing from $370.00 to $395.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Berenberg Bank reissued a “buy” rating and issued a $400.00 target price on shares of Boeing in a research note on Tuesday, August 6th. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Finally, Bank of America set a $420.00 target price on Boeing and gave the company a “hold” rating in a research note on Thursday, June 27th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $403.10.

Boeing 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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