Sigma Planning Corp lifted its stake in shares of Boeing Co (NYSE:BA) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,666 shares of the aircraft producer’s stock after buying an additional 1,037 shares during the period. Boeing comprises about 0.6% of Sigma Planning Corp’s holdings, making the stock its 28th largest position. Sigma Planning Corp’s holdings in Boeing were worth $11,163,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently made changes to their positions in the stock. Claraphi Advisory Network LLC raised its stake in shares of Boeing by 3.6% in the second quarter. Claraphi Advisory Network LLC now owns 2,943 shares of the aircraft producer’s stock valued at $1,071,000 after buying an additional 103 shares during the period. Dupont Capital Management Corp raised its stake in shares of Boeing by 0.3% in the second quarter. Dupont Capital Management Corp now owns 45,420 shares of the aircraft producer’s stock valued at $16,533,000 after buying an additional 125 shares during the period. Corrado Advisors LLC raised its stake in shares of Boeing by 4.1% in the second quarter. Corrado Advisors LLC now owns 7,901 shares of the aircraft producer’s stock valued at $2,876,000 after buying an additional 310 shares during the period. NEXT Financial Group Inc raised its stake in shares of Boeing by 167.1% during the 2nd quarter. NEXT Financial Group Inc now owns 4,909 shares of the aircraft producer’s stock valued at $1,787,000 after purchasing an additional 3,071 shares during the period. Finally, Busey Wealth Management raised its stake in shares of Boeing by 93.8% during the 2nd quarter. Busey Wealth Management now owns 12,745 shares of the aircraft producer’s stock valued at $4,639,000 after purchasing an additional 6,170 shares during the period. 68.65% of the stock is currently owned by institutional investors.
Shares of BA traded up $5.89 during midday trading on Thursday, reaching $326.31. The stock had a trading volume of 2,393,788 shares, compared to its average volume of 4,922,259. The business has a 50-day moving average price of $352.61. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. The firm has a market capitalization of $187.31 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 10.14 and a beta of 1.27.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (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 firm had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.05 billion. During the same period in the prior year, the business earned $3.33 EPS. The company’s revenue for the quarter was down 35.1% compared to the same quarter last year. As a group, equities analysts forecast that Boeing Co will post 3.98 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be issued a $2.055 dividend. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Thursday, August 8th. Boeing’s payout ratio is currently 51.34%.
A number of research firms recently issued reports on BA. Wolfe Research lowered Boeing from an “outperform” rating to a “peer perform” rating and decreased their price objective for the company from $404.00 to $393.00 in a research note on Thursday, July 25th. TheStreet lowered Boeing from an “a+” rating to a “c+” rating in a research note on Wednesday, April 24th. Morgan Stanley set a $500.00 price objective on Boeing and gave the company a “buy” rating in a research note on Friday, July 19th. Jefferies Financial Group decreased their price objective on Boeing from $448.00 to $420.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Finally, Cowen set a $460.00 price objective on Boeing and gave the company a “buy” rating in a research note on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. Boeing presently has a consensus rating of “Hold” and a consensus target price of $403.10.
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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