Perella Weinberg Partners Capital Management LP Acquires 253 Shares of Boeing Co (NYSE:BA)

Perella Weinberg Partners Capital Management LP lifted its holdings in shares of Boeing Co (NYSE:BA) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,854 shares of the aircraft producer’s stock after purchasing an additional 253 shares during the period. Perella Weinberg Partners Capital Management LP’s holdings in Boeing were worth $5,407,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in BA. FMR LLC grew its holdings in Boeing by 26.5% in the 1st quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock worth $4,211,577,000 after acquiring an additional 2,311,630 shares during the last quarter. Jennison Associates LLC grew its holdings in Boeing by 3.2% in the 4th quarter. Jennison Associates LLC now owns 7,817,279 shares of the aircraft producer’s stock worth $2,521,073,000 after acquiring an additional 245,100 shares during the last quarter. Geode Capital Management LLC grew its holdings in Boeing by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 6,262,103 shares of the aircraft producer’s stock worth $2,015,856,000 after acquiring an additional 214,945 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in Boeing by 36,928.2% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock worth $623,555,000 after acquiring an additional 6,218,711 shares during the last quarter. Finally, Boston Partners grew its holdings in Boeing by 6.8% in the 4th quarter. Boston Partners now owns 1,951,632 shares of the aircraft producer’s stock worth $629,401,000 after acquiring an additional 123,895 shares during the last quarter. 68.97% of the stock is currently owned by institutional investors.

Boeing stock traded up $5.27 during trading hours on Friday, hitting $339.56. The stock had a trading volume of 4,673,262 shares, compared to its average volume of 4,591,967. 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 company has a market cap of $191.99 billion, a PE ratio of 21.21, a P/E/G ratio of 10.30 and a beta of 1.28. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01. The stock has a 50-day simple moving average of $359.79.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $1.07. The business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $3.33 earnings per share. As a group, equities analysts forecast that Boeing Co will post 4.01 earnings per share for the current fiscal year.

The company also recently announced 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. The ex-dividend date is Thursday, August 8th. This represents a $8.22 annualized dividend and a yield of 2.42%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

A number of brokerages have recently weighed in on BA. Buckingham Research lifted their target price on shares of Boeing from $370.00 to $395.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Canaccord Genuity set a $380.00 target price on shares of Boeing and gave the company a “hold” rating in a research note on Friday, July 19th. Berenberg Bank reaffirmed a “buy” rating and set a $415.00 target price on shares of Boeing in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group cut their target price on shares of Boeing from $448.00 to $420.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. Boeing has an average rating of “Hold” and an average target price of $403.79.

Boeing 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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