Parkside Financial Bank & Trust cut its stake in shares of Boeing Co (NYSE:BA) by 14.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,775 shares of the aircraft producer’s stock after selling 450 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Boeing were worth $1,056,000 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. NuWave Investment Management LLC boosted its holdings in Boeing by 554.5% during the second quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Guidant Wealth Advisors acquired a new stake in Boeing during the second quarter valued at approximately $28,000. 1 North Wealth Services LLC acquired a new stake in Boeing during the third quarter valued at approximately $32,000. Atwater Malick LLC acquired a new stake in Boeing during the third quarter valued at approximately $39,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in Boeing during the second quarter valued at approximately $40,000. 67.84% of the stock is owned by institutional investors and hedge funds.
Shares of BA traded down $6.31 on Friday, hitting $351.00. The company’s stock had a trading volume of 3,117,554 shares, compared to its average volume of 5,364,701. The company has a market capitalization of $201.64 billion, a PE ratio of 21.92, a PEG ratio of 39.90 and a beta of 1.24. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.11 and a quick ratio of 0.31. Boeing Co has a fifty-two week low of $292.47 and a fifty-two week high of $446.01. The company has a 50 day moving average price of $362.82 and a 200 day moving average price of $358.59.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.59). Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. The company had revenue of $19.98 billion during the quarter, compared to the consensus estimate of $20 billion. During the same quarter last year, the firm earned $3.58 EPS. The business’s revenue for the quarter was down 20.5% on a year-over-year basis. On average, equities analysts forecast that Boeing Co will post 1.02 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be given a $2.055 dividend. This represents a $8.22 annualized dividend and a yield of 2.34%. The ex-dividend date is Thursday, November 7th. Boeing’s dividend payout ratio (DPR) is presently 51.34%.
A number of equities research analysts have weighed in on the company. Morgan Stanley decreased their price objective on Boeing from $500.00 to $450.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Citigroup decreased their price objective on Boeing from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $370.00 price objective on shares of Boeing in a report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price objective on Boeing from $430.00 to $425.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Canaccord Genuity decreased their price objective on Boeing from $380.00 to $370.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $379.30.
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.
Recommended Story: Cash Asset Ratio
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.