Honkamp Krueger Financial Services Inc. lifted its holdings in shares of Boeing Co (NYSE:BA) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,110 shares of the aircraft producer’s stock after purchasing an additional 675 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Boeing were worth $3,901,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of BA. Claraphi Advisory Network LLC boosted its stake in Boeing by 3.6% in the second quarter. Claraphi Advisory Network LLC now owns 2,943 shares of the aircraft producer’s stock worth $1,071,000 after buying an additional 103 shares in the last quarter. Dupont Capital Management Corp boosted its stake in Boeing by 0.3% in the second quarter. Dupont Capital Management Corp now owns 45,420 shares of the aircraft producer’s stock worth $16,533,000 after buying an additional 125 shares in the last quarter. Corrado Advisors LLC boosted its stake in Boeing by 4.1% in the second quarter. Corrado Advisors LLC now owns 7,901 shares of the aircraft producer’s stock worth $2,876,000 after buying an additional 310 shares in the last quarter. NEXT Financial Group Inc boosted its stake in Boeing by 167.1% in the second quarter. NEXT Financial Group Inc now owns 4,909 shares of the aircraft producer’s stock worth $1,787,000 after buying an additional 3,071 shares in the last quarter. Finally, Busey Wealth Management boosted its stake in Boeing by 93.8% in the second quarter. Busey Wealth Management now owns 12,745 shares of the aircraft producer’s stock worth $4,639,000 after buying an additional 6,170 shares in the last quarter. 67.81% of the stock is owned by institutional investors.
Shares of Boeing stock traded up $1.60 during midday trading on Friday, reaching $356.01. 10,943,537 shares of the company’s stock traded hands, compared to its average volume of 4,300,527. 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 market cap of $199.43 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 10.49 and a beta of 1.27. The stock has a 50 day moving average of $348.22 and a 200-day moving average of $371.20. Boeing Co has a 12 month low of $292.47 and a 12 month high of $446.01.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $1.07. The company had revenue of $15.75 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.33 earnings per share. On average, equities analysts anticipate that Boeing Co will post 4.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be issued a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.31%. Boeing’s dividend payout ratio is presently 51.34%.
Several analysts have issued reports on BA shares. UBS Group reaffirmed a “buy” rating and issued a $480.00 target price (down previously from $500.00) on shares of Boeing in a research note on Wednesday, July 10th. Cowen set a $460.00 price objective on Boeing and gave the company a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research raised Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 price objective for the company in a research note on Monday, June 10th. Bank of America set a $420.00 price objective on Boeing and gave the company a “hold” rating in a research note on Thursday, June 27th. Finally, Canaccord Genuity set a $380.00 price objective on Boeing and gave the company a “hold” rating in a research note on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $403.10.
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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