Strategic Wealth Partners Ltd. boosted its holdings in Boeing Co (NYSE:BA) by 162.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 399 shares of the aircraft producer’s stock after purchasing an additional 247 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Boeing were worth $145,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Thoroughbred Financial Services LLC lifted its stake in Boeing by 36,928.2% in the second quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock valued at $623,555,000 after buying an additional 6,218,711 shares during the last quarter. FMR LLC lifted its stake in Boeing by 26.5% in the first quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock valued at $4,211,577,000 after buying an additional 2,311,630 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Boeing by 33.6% in the fourth quarter. Two Sigma Advisers LP now owns 995,560 shares of the aircraft producer’s stock valued at $321,068,000 after buying an additional 250,600 shares during the last quarter. Mackay Shields LLC bought a new stake in Boeing in the fourth quarter valued at $77,540,000. Finally, SG Americas Securities LLC lifted its stake in Boeing by 378.0% in the second quarter. SG Americas Securities LLC now owns 302,625 shares of the aircraft producer’s stock valued at $110,159,000 after buying an additional 239,316 shares during the last quarter. 67.81% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have issued reports on BA. Goldman Sachs Group reiterated a “neutral” rating and issued a $375.00 target price on shares of Boeing in a research note on Friday, July 12th. UBS Group restated a “buy” rating and set a $480.00 price objective (down from $500.00) on shares of Boeing in a research note on Wednesday, July 10th. Jefferies Financial Group cut their price objective on shares of Boeing from $448.00 to $420.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Buckingham Research lifted their price objective on shares of Boeing from $370.00 to $395.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Finally, Wolfe Research cut shares of Boeing from an “outperform” rating to a “peer perform” rating and cut their price objective for the company from $404.00 to $393.00 in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. Boeing presently has a consensus rating of “Hold” and a consensus price target of $403.10.
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, topping analysts’ consensus estimates of $1.85 by $1.07. The firm 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 was down 35.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.33 earnings per share. On average, sell-side analysts forecast that Boeing Co will post 4.09 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be issued a dividend of $2.055 per share. This represents a $8.22 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, August 8th. Boeing’s payout ratio is currently 51.34%.
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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