Sabal Trust CO reduced its stake in Boeing Co (NYSE:BA) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,732 shares of the aircraft producer’s stock after selling 386 shares during the quarter. Boeing comprises approximately 1.9% of Sabal Trust CO’s portfolio, making the stock its 29th biggest holding. Sabal Trust CO’s holdings in Boeing were worth $21,379,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Nordea Investment Management AB grew its position in Boeing by 128.1% during the first quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after acquiring an additional 41 shares during the last quarter. Next Capital Management LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $32,000. 1 North Wealth Services LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $40,000. Clarfeld Financial Advisors LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $40,000. Finally, Semmax Financial Advisors Inc. bought a new position in shares of Boeing in the fourth quarter worth approximately $45,000. 68.97% of the stock is currently owned by institutional investors and hedge funds.

NYSE:BA traded up $2.84 during trading hours on Tuesday, hitting $343.05. The company had a trading volume of 182,042 shares, compared to its average volume of 4,516,344. The firm has a market cap of $194.13 billion, a P/E ratio of 21.45, a PEG ratio of 4.16 and a beta of 1.30. The company’s 50-day simple moving average is $360.42. Boeing Co has a 52 week low of $292.47 and a 52 week high of $446.01. 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 (NYSE:BA) last released its quarterly earnings results 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. The business had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The firm’s revenue for the quarter was down 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.33 earnings per share. On average, sell-side analysts forecast that Boeing Co will post 10.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be issued a $2.055 dividend. This represents a $8.22 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, August 8th. Boeing’s dividend payout ratio (DPR) is currently 51.34%.

Several brokerages have recently issued reports on BA. Berenberg Bank restated a “hold” rating on shares of Close Brothers Group in a report on Tuesday, July 23rd. Morgan Stanley set a $620.00 target price on shares of Intuitive Surgical and gave the stock a “buy” rating in a report on Friday, July 19th. Goldman Sachs Group set a €135.00 ($156.98) target price on shares of SAP and gave the stock a “buy” rating in a report on Friday, July 12th. Citigroup set a $12.00 target price on shares of Controladora Vuela Co Avcn SA CV and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Bank of America set a $420.00 target price on shares of Boeing and gave the stock a “hold” rating in a report on Thursday, June 27th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. Boeing presently has an average rating of “Hold” and a consensus price target of $403.79.

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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