Strategic Wealth Management Group LLC lessened its stake in Boeing Co (NYSE:BA) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,476 shares of the aircraft producer’s stock after selling 91 shares during the period. Strategic Wealth Management Group LLC’s holdings in Boeing were worth $537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV raised its stake in shares of Boeing by 1.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,851 shares of the aircraft producer’s stock worth $919,000 after purchasing an additional 29 shares during the last quarter. Cardan Capital Partners LLC raised its stake in shares of Boeing by 1.9% in the first quarter. Cardan Capital Partners LLC now owns 1,607 shares of the aircraft producer’s stock worth $613,000 after purchasing an additional 30 shares during the last quarter. Haverford Trust Co. raised its stake in shares of Boeing by 0.4% in the fourth quarter. Haverford Trust Co. now owns 7,096 shares of the aircraft producer’s stock worth $2,288,000 after purchasing an additional 31 shares during the last quarter. Apriem Advisors raised its stake in shares of Boeing by 1.3% in the fourth quarter. Apriem Advisors now owns 2,459 shares of the aircraft producer’s stock worth $793,000 after purchasing an additional 31 shares during the last quarter. Finally, Spectrum Management Group Inc. raised its stake in shares of Boeing by 0.3% in the fourth quarter. Spectrum Management Group Inc. now owns 13,140 shares of the aircraft producer’s stock worth $4,238,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 67.92% of the company’s stock.

Several brokerages have recently commented on BA. TheStreet raised Viacom from a “c+” rating to a “b-” rating in a research note on Wednesday, April 24th. Canaccord Genuity reissued a “buy” rating on shares of Wheaton Precious Metals in a research note on Friday, July 19th. Citigroup set a $12.00 price objective on Controladora Vuela Co Avcn SA CV and gave the stock a “buy” rating in a research note on Monday, July 15th. Barclays increased their price objective on Tyson Foods from $73.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Finally, ValuEngine raised Worldline from a “hold” rating to a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $403.79.

Shares of BA stock traded down $3.09 during trading on Friday, hitting $345.00. The company’s stock had a trading volume of 4,437,808 shares, compared to its average volume of 4,531,097. The company has a market cap of $195.87 billion, a P/E ratio of 21.55, a PEG ratio of 2.43 and a beta of 1.30. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. The business’s fifty day moving average is $361.04. Boeing Co has a 52 week low of $292.47 and a 52 week high of $446.01.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share 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 business had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.05 billion. During the same period in the prior year, the company earned $3.33 earnings per share. Boeing’s revenue was down 35.1% compared to the same quarter last year. On average, sell-side analysts expect that Boeing Co will post 12.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a dividend of $2.055 per share. This represents a $8.22 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, August 8th. Boeing’s dividend payout ratio (DPR) is 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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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