Cohen Lawrence B Boosts Stock Position in Boeing Co (NYSE:BA)

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Cohen Lawrence B boosted its holdings in shares of Boeing Co (NYSE:BA) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,511 shares of the aircraft producer’s stock after purchasing an additional 60 shares during the quarter. Cohen Lawrence B’s holdings in Boeing were worth $550,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Massmutual Trust Co. FSB ADV boosted its position in Boeing by 1.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 2,851 shares of the aircraft producer’s stock valued at $919,000 after purchasing an additional 29 shares during the period. Cardan Capital Partners LLC boosted its position in Boeing by 1.9% during 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 period. Haverford Trust Co. boosted its position in Boeing by 0.4% during 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 period. Apriem Advisors boosted its position in Boeing by 1.3% during 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 period. Finally, CFO4Life Group LLC boosted its position in Boeing by 5.2% during 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 period. Institutional investors own 68.65% of the company’s stock.

A number of research analysts recently issued reports on BA shares. Barclays lowered Boeing from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $417.00 to $367.00 in a research report on Tuesday, May 7th. Cowen set a $460.00 price objective on Boeing and gave the company a “buy” rating in a research report on Friday, July 19th. ValuEngine upgraded Boeing from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Citigroup set a $430.00 price objective on Boeing and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Canaccord Genuity set a $380.00 price objective on Boeing and gave the stock a “hold” rating in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $403.10.

Shares of Boeing stock opened at $332.86 on Wednesday. The stock’s fifty day moving average is $353.54. The firm has a market capitalization of $189.94 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 10.29 and a beta of 1.27. 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 12-month low of $292.47 and a 12-month high of $446.01.

Boeing (NYSE:BA) last announced its earnings results 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. The company had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.05 billion. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. Boeing’s revenue for the quarter was down 35.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.33 earnings per share. As a group, equities analysts anticipate that Boeing Co will post 3.98 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be given a dividend of $2.055 per share. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Thursday, August 8th. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

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.

Further Reading: Derivative

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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