TCG Advisors LP trimmed its holdings in shares of Boeing Co (NYSE:BA) by 28.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 155 shares of the aircraft producer’s stock after selling 62 shares during the quarter. TCG Advisors LP’s holdings in Boeing were worth $55,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Morningstar Investment Services LLC acquired a new position in Boeing during the second quarter valued at approximately $302,000. Wesleyan Assurance Society increased its holdings in Boeing by 71.1% during the second quarter. Wesleyan Assurance Society now owns 36,350 shares of the aircraft producer’s stock worth $13,234,000 after buying an additional 15,100 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in Boeing by 28.5% during the second quarter. Moneta Group Investment Advisors LLC now owns 6,656 shares of the aircraft producer’s stock worth $2,029,000 after acquiring an additional 1,478 shares in the last quarter. Bernardo Wealth Planning LLC raised its position in Boeing by 7.6% during the second quarter. Bernardo Wealth Planning LLC now owns 4,329 shares of the aircraft producer’s stock worth $1,576,000 after acquiring an additional 305 shares in the last quarter. Finally, CapWealth Advisors LLC lifted its stake in Boeing by 2.1% in the second quarter. CapWealth Advisors LLC now owns 55,272 shares of the aircraft producer’s stock valued at $20,120,000 after acquiring an additional 1,136 shares during the last quarter. 67.98% of the stock is owned by institutional investors and hedge funds.
BA stock traded up $12.39 during mid-day trading on Wednesday, hitting $381.88. 6,803,678 shares of the company were exchanged, compared to its average volume of 3,973,846. Boeing Co has a 1-year low of $292.47 and a 1-year high of $446.01. The stock has a market capitalization of $201.89 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 10.62 and a beta of 1.25. The business has a 50 day simple moving average of $347.36 and a 200-day simple moving average of $366.66. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating the 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 company had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.05 billion. During the same quarter in the prior year, the business earned $3.33 earnings per share. The firm’s revenue for the quarter was down 35.1% on a year-over-year basis. Equities research analysts expect that Boeing Co will post 4.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were given a $2.055 dividend. The ex-dividend date was Thursday, August 8th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.15%. Boeing’s payout ratio is 51.34%.
A number of research analysts have recently commented on the stock. Goldman Sachs Group reissued a “neutral” rating and issued a $375.00 price objective on shares of Boeing in a research report on Friday, July 12th. Canaccord Genuity set a $380.00 target price on shares of Boeing and gave the company a “hold” rating in a report on Friday, July 19th. Berenberg Bank reiterated a “buy” rating and issued a $400.00 target price on shares of Boeing in a research note on Tuesday, August 6th. Zacks Investment Research upgraded 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. Finally, Bank of America set a $420.00 price target on Boeing and gave the stock a “hold” rating in a research report 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 stock. The stock presently has an average rating of “Hold” and a consensus price target of $402.65.
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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