SeaCrest Wealth Management LLC Boosts Holdings in Boeing Co (NYSE:BA)

SeaCrest Wealth Management LLC grew its position in shares of Boeing Co (NYSE:BA) by 2.1% during the second quarter, HoldingsChannel reports. The firm owned 11,553 shares of the aircraft producer’s stock after buying an additional 234 shares during the period. Boeing accounts for approximately 0.9% of SeaCrest Wealth Management LLC’s holdings, making the stock its 17th largest holding. SeaCrest Wealth Management LLC’s holdings in Boeing were worth $4,205,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NuWave Investment Management LLC raised its stake in shares of 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 during the period. Nordea Investment Management AB raised its stake in shares of Boeing by 128.1% during the first quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after purchasing an additional 41 shares during the period. Guidant Wealth Advisors purchased a new stake in shares of Boeing during the second quarter valued at approximately $28,000. Next Capital Management LLC purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $32,000. Finally, Clarfeld Financial Advisors LLC purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $40,000. Institutional investors own 68.97% of the company’s stock.

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $430.00 to $425.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Barclays lowered shares of Boeing from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $417.00 to $367.00 in a research note on Tuesday, May 7th. Buckingham Research lifted their price target on shares of Boeing from $370.00 to $395.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Jefferies Financial Group dropped their price target on shares of Boeing from $448.00 to $420.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Finally, TheStreet lowered shares of Boeing from an “a+” rating to a “c+” rating in a research note on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. Boeing currently has a consensus rating of “Hold” and a consensus target price of $403.79.

Boeing stock traded up $1.26 during mid-day trading on Friday, reaching $335.55. The company’s stock had a trading volume of 2,148,167 shares, compared to its average volume of 4,439,226. The company has a market capitalization of $188.11 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 10.49 and a beta of 1.30. The firm’s 50 day moving average is $359.99. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. Boeing Co has a twelve month low of $292.47 and a twelve month high of $446.01.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $1.07. The firm had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The firm’s revenue was down 35.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.33 earnings per share. As a group, research analysts expect that Boeing Co will post 4.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a $2.055 dividend. This represents a $8.22 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, August 8th. Boeing’s dividend payout ratio is presently 51.34%.

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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