H D Vest Advisory Services increased its stake in Boeing Co (NYSE:BA) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,585 shares of the aircraft producer’s stock after acquiring an additional 350 shares during the quarter. H D Vest Advisory Services’ holdings in Boeing were worth $8,221,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. NuWave Investment Management LLC boosted its holdings in Boeing by 554.5% during the 2nd quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock valued at $26,000 after acquiring an additional 61 shares during the period. Nordea Investment Management AB boosted its holdings in Boeing by 128.1% during the 1st 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 period. Guidant Wealth Advisors purchased a new stake in Boeing during the 2nd quarter valued at about $28,000. Next Capital Management LLC purchased a new stake in Boeing during the 4th quarter valued at about $32,000. Finally, Clarfeld Financial Advisors LLC purchased a new stake in Boeing during the 4th quarter valued at about $40,000. 67.81% of the stock is currently owned by institutional investors.

Shares of BA traded up $13.43 on Thursday, reaching $353.42. The stock had a trading volume of 292,708 shares, compared to its average volume of 4,642,301. The firm has a market capitalization of $187.82 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 9.88 and a beta of 1.27. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.03. The company has a 50-day simple moving average of $348.13 and a 200-day simple moving average of $371.50. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.85 by $1.07. The company had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.05 billion. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The firm’s revenue for the quarter was down 35.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.33 EPS. On average, analysts expect that Boeing Co will post 4.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be paid a $2.055 dividend. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, August 8th. Boeing’s payout ratio is presently 51.34%.

Several equities research analysts have weighed in on BA shares. Barclays cut Boeing from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $417.00 to $367.00 in a report on Tuesday, May 7th. UBS Group reiterated a “buy” rating and issued a $480.00 price objective (down previously from $500.00) on shares of Boeing in a report on Wednesday, July 10th. Morgan Stanley set a $500.00 price objective on Boeing and gave the stock a “buy” rating in a report on Friday, July 19th. JPMorgan Chase & Co. dropped their price objective on Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, Zacks Investment Research upgraded Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 price objective for the company in a report on Monday, June 10th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $403.10.

Boeing Company 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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