Versant Capital Management Inc Sells 74 Shares of Boeing Co (NYSE:BA)

Versant Capital Management Inc lessened its stake in shares of Boeing Co (NYSE:BA) by 10.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 658 shares of the aircraft producer’s stock after selling 74 shares during the quarter. Versant Capital Management Inc’s holdings in Boeing were worth $239,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV raised its position in Boeing by 1.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 2,851 shares of the aircraft producer’s stock valued at $919,000 after purchasing an additional 29 shares during the last quarter. Cardan Capital Partners LLC increased its stake in shares of Boeing by 1.9% in the 1st quarter. Cardan Capital Partners LLC now owns 1,607 shares of the aircraft producer’s stock valued at $613,000 after buying an additional 30 shares during the period. Haverford Trust Co. increased its stake in shares of Boeing by 0.4% in the 4th quarter. Haverford Trust Co. now owns 7,096 shares of the aircraft producer’s stock valued at $2,288,000 after buying an additional 31 shares during the period. Apriem Advisors increased its stake in shares of Boeing by 1.3% in the 4th quarter. Apriem Advisors now owns 2,459 shares of the aircraft producer’s stock valued at $793,000 after buying an additional 31 shares during the period. Finally, Spectrum Management Group Inc. increased its stake in shares of Boeing by 0.3% in the 4th quarter. Spectrum Management Group Inc. now owns 13,140 shares of the aircraft producer’s stock valued at $4,238,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 68.97% of the company’s stock.

BA stock traded up $5.27 during midday trading on Friday, hitting $339.56. 4,673,262 shares of the company’s stock were exchanged, compared to its average volume of 4,591,967. The stock’s fifty day moving average is $359.79. 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 $191.99 billion, a P/E ratio of 21.21, a PEG ratio of 10.30 and a beta of 1.28. Boeing Co has a one year low of $292.47 and a one year high of $446.01.

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

The firm 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 dividend of $2.055 per share. 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 is presently 51.34%.

BA has been the subject of several research reports. Cowen set a $460.00 target price on Boeing and gave the company a “buy” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. lowered their target price on Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Barclays cut Boeing from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $417.00 to $367.00 in a research note on Tuesday, May 7th. Bank of America set a $420.00 target price on Boeing and gave the company a “hold” rating in a research note on Thursday, June 27th. Finally, ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $403.79.

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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