Focused Wealth Management Inc bought a new position in Boeing Co (NYSE:BA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 545 shares of the aircraft producer’s stock, valued at approximately $198,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NuWave Investment Management LLC boosted its position 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 in the last quarter. Nordea Investment Management AB boosted its position 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 in the last quarter. Guidant Wealth Advisors bought a new stake in Boeing during the 2nd quarter valued at approximately $28,000. Next Capital Management LLC bought a new stake in Boeing during the 4th quarter valued at approximately $32,000. Finally, 1 North Wealth Services LLC bought a new stake in Boeing during the 4th quarter valued at approximately $40,000. 67.92% of the stock is currently owned by institutional investors.

Several research firms have weighed in on BA. Bank of America set a $420.00 price objective on Boeing and gave the company a “hold” rating in a research report on Thursday, June 27th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Jefferies Financial Group dropped their price target on Boeing from $448.00 to $420.00 in a research report on Friday. JPMorgan Chase & Co. reissued a “hold” rating and issued a $7.00 price target on shares of Deutsche Bank in a research report on Thursday, April 25th. Finally, Credit Suisse Group set a $5.00 price target on Maxar Technologies and gave the stock a “sell” rating in a research report on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $406.06.

NYSE BA traded down $1.20 during mid-day trading on Tuesday, reaching $372.22. The stock had a trading volume of 189,707 shares, compared to its average volume of 4,236,944. Boeing Co has a 1 year low of $292.47 and a 1 year high of $446.01. The firm has a market cap of $212.31 billion, a PE ratio of 23.31, a PEG ratio of 2.59 and a beta of 1.30. The business’s fifty day moving average price is $360.02. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.05. The company had revenue of $22.92 billion during the quarter, compared to analyst estimates of $23.04 billion. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.64 EPS. On average, research analysts expect that Boeing Co will post 13.04 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be paid a dividend of $2.055 per share. The ex-dividend date is Thursday, August 8th. This represents a $8.22 dividend on an annualized basis and a yield of 2.21%. Boeing’s dividend payout ratio is presently 51.34%.

About Boeing

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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