WoodTrust Financial Corp lessened its holdings in Boeing Co (NYSE:BA) by 11.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,905 shares of the aircraft producer’s stock after selling 762 shares during the period. WoodTrust Financial Corp’s holdings in Boeing were worth $1,981,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank Hapoalim BM lifted its stake in Boeing by 19.6% in the second quarter. Bank Hapoalim BM now owns 4,269 shares of the aircraft producer’s stock worth $1,432,000 after purchasing an additional 699 shares during the last quarter. Stony Point Wealth Management Inc. purchased a new position in shares of Boeing during the second quarter worth approximately $230,000. Private Asset Management Inc. increased its holdings in Boeing by 10.0% during the second quarter. Private Asset Management Inc. now owns 2,158 shares of the aircraft producer’s stock valued at $724,000 after buying an additional 197 shares during the period. BerganKDV Wealth Management LLC increased its holdings in Boeing by 3.3% during the second quarter. BerganKDV Wealth Management LLC now owns 9,269 shares of the aircraft producer’s stock valued at $3,110,000 after buying an additional 298 shares during the period. Finally, Duncker Streett & Co. Inc. grew its holdings in Boeing by 5.4% in the second quarter. Duncker Streett & Co. Inc. now owns 5,879 shares of the aircraft producer’s stock worth $1,973,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 69.74% of the company’s stock.

Shares of BA stock traded up $4.34 during trading hours on Friday, hitting $359.80. The company had a trading volume of 2,827,403 shares, compared to its average volume of 2,884,343. The company has a debt-to-equity ratio of -7.65, a quick ratio of 0.32 and a current ratio of 1.11. Boeing Co has a fifty-two week low of $246.21 and a fifty-two week high of $374.48. The firm has a market cap of $203.04 billion, a P/E ratio of 24.39, a P/E/G ratio of 1.76 and a beta of 1.44.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.45 by ($0.12). The business had revenue of $24.26 billion for the quarter, compared to analyst estimates of $24.02 billion. Boeing had a return on equity of 2,344.87% and a net margin of 9.92%. Boeing’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.55 earnings per share. research analysts predict that Boeing Co will post 14.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Friday, August 10th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, August 9th. Boeing’s dividend payout ratio is presently 56.81%.

Several equities analysts have issued reports on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $450.00 price target on shares of Boeing in a report on Monday, August 13th. Cowen reiterated a “buy” rating and set a $430.00 price objective on shares of Boeing in a research note on Wednesday, July 25th. ValuEngine downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. JPMorgan Chase & Co. restated a “buy” rating and set a $400.00 target price on shares of Boeing in a research report on Thursday, July 26th. Finally, Zacks Investment Research downgraded shares of Boeing from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 12th. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $400.60.

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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