Private Portfolio Partners LLC increased its stake in shares of Boeing Co (NYSE:BA) by 51.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,045 shares of the aircraft producer’s stock after acquiring an additional 1,713 shares during the quarter. Private Portfolio Partners LLC’s holdings in Boeing were worth $1,836,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Thoroughbred Financial Services LLC grew its stake in shares of Boeing by 36,928.2% during 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 purchasing an additional 6,218,711 shares during the last quarter. FMR LLC grew its stake in shares of Boeing by 26.5% during the first quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock valued at $4,211,577,000 after purchasing an additional 2,311,630 shares during the last quarter. Winslow Capital Management LLC bought a new stake in shares of Boeing during the second quarter valued at approximately $303,860,000. Invesco Ltd. lifted its holdings in Boeing by 52.3% in the second quarter. Invesco Ltd. now owns 1,332,545 shares of the aircraft producer’s stock valued at $485,060,000 after buying an additional 457,431 shares during the period. Finally, Newport Trust Co lifted its holdings in Boeing by 1.0% in the second quarter. Newport Trust Co now owns 30,669,091 shares of the aircraft producer’s stock valued at $11,163,856,000 after buying an additional 298,466 shares during the period. 67.85% of the stock is currently owned by institutional investors and hedge funds.

BA traded up $3.82 during mid-day trading on Tuesday, hitting $382.67. The stock had a trading volume of 2,230,135 shares, compared to its average volume of 4,158,185. The stock’s fifty day simple moving average is $349.92 and its 200-day simple moving average is $365.53. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29. The firm has a market capitalization of $213.69 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 11.24 and a beta of 1.24. Boeing Co has a 1-year low of $292.47 and a 1-year high of $446.01.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $1.07. The company had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The business’s revenue for the quarter was down 35.1% compared to the same quarter last year. During the same period last year, the business posted $3.33 earnings per share. As a group, research analysts expect that Boeing Co will post 4.09 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were issued a $2.055 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $8.22 annualized dividend and a yield of 2.15%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

Several equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $430.00 to $425.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Credit Suisse Group restated a “buy” rating and issued a $425.00 price objective on shares of Boeing in a report on Thursday, July 25th. Berenberg Bank restated a “buy” rating and issued a $400.00 price objective on shares of Boeing in a report on Tuesday, August 6th. Finally, Buckingham Research set a $395.00 price objective on shares of Boeing and gave the company a “hold” rating in a report on Tuesday, September 3rd. Three 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. The stock has an average rating of “Hold” and an average price target of $402.65.

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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