Trellis Advisors LLC lifted its stake in shares of Boeing Co (NYSE:BA) by 28.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,275 shares of the aircraft producer’s stock after purchasing an additional 283 shares during the quarter. Boeing accounts for about 0.4% of Trellis Advisors LLC’s portfolio, making the stock its 25th largest position. Trellis Advisors LLC’s holdings in Boeing were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. NuWave Investment Management LLC boosted its position in Boeing by 554.5% during the 2nd quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock worth $26,000 after buying an additional 61 shares during the period. Nordea Investment Management AB boosted its position in Boeing by 128.1% during the 1st quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock worth $28,000 after buying an additional 41 shares during the period. Guidant Wealth Advisors acquired a new stake in Boeing during the 2nd quarter worth approximately $28,000. Next Capital Management LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $32,000. Finally, Clarfeld Financial Advisors LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $40,000. 67.81% of the stock is currently owned by institutional investors.
Shares of Boeing stock traded up $1.60 during trading on Friday, reaching $356.01. 10,943,537 shares of the company traded hands, compared to its average volume of 4,300,527. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29. Boeing Co has a 1-year low of $292.47 and a 1-year high of $446.01. The company has a 50 day moving average price of $348.22 and a 200-day moving average price of $371.20. The firm has a market capitalization of $199.43 billion, a PE ratio of 22.24, a P/E/G ratio of 10.49 and a beta of 1.27.
Boeing (NYSE:BA) last released its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.85 by $1.07. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. 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 previous year, the company earned $3.33 EPS. Boeing’s quarterly revenue was down 35.1% compared to the same quarter last year. Equities research analysts expect that Boeing Co will post 4.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be given 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 2.31%. Boeing’s payout ratio is presently 51.34%.
A number of brokerages have recently issued reports on BA. Barclays downgraded shares of Boeing from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $417.00 to $367.00 in a research report on Tuesday, May 7th. Buckingham Research boosted their price target on shares of Boeing from $370.00 to $395.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Berenberg Bank restated a “buy” rating and issued a $400.00 price target on shares of Boeing in a research report on Tuesday, August 6th. Goldman Sachs Group restated a “neutral” rating and issued a $375.00 price target on shares of Boeing in a research report on Friday, July 12th. Finally, Jefferies Financial Group dropped their price target on shares of Boeing from $448.00 to $420.00 and set a “buy” rating on the stock in a research report 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. The company 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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