Regentatlantic Capital LLC Acquires 332 Shares of Boeing Co (NYSE:BA)

Regentatlantic Capital LLC increased its holdings in Boeing Co (NYSE:BA) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,975 shares of the aircraft producer’s stock after purchasing an additional 332 shares during the quarter. Regentatlantic Capital LLC’s holdings in Boeing were worth $5,087,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FMR LLC lifted its holdings in Boeing by 26.5% in the first quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock valued at $4,211,577,000 after buying an additional 2,311,630 shares during the period. Jennison Associates LLC lifted its holdings in Boeing by 3.2% in the fourth quarter. Jennison Associates LLC now owns 7,817,279 shares of the aircraft producer’s stock valued at $2,521,073,000 after buying an additional 245,100 shares during the period. Geode Capital Management LLC lifted its holdings in Boeing by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 6,262,103 shares of the aircraft producer’s stock valued at $2,015,856,000 after buying an additional 214,945 shares during the period. Thoroughbred Financial Services LLC lifted its holdings in Boeing by 36,928.2% in the second quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock valued at $623,555,000 after buying an additional 6,218,711 shares during the period. Finally, Boston Partners lifted its holdings in Boeing by 6.8% in the fourth quarter. Boston Partners now owns 1,951,632 shares of the aircraft producer’s stock valued at $629,401,000 after buying an additional 123,895 shares during the period. 68.97% of the stock is currently owned by institutional investors.

Shares of NYSE:BA 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 4,915,231. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. The business’s 50 day moving average price is $359.79. The stock has a market cap of $188.11 billion, a P/E ratio of 21.21, a PEG ratio of 10.09 and a beta of 1.28. Boeing Co has a 12 month low of $292.47 and a 12 month high of $446.01.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, topping the consensus estimate 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 net margin of 5.42% and a negative return on equity of 632.24%. The firm’s revenue for the quarter was down 35.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.33 earnings per share. Analysts expect that Boeing Co will post 4.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be given a dividend of $2.055 per share. This represents a $8.22 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Thursday, August 8th. Boeing’s payout ratio is presently 51.34%.

Several equities analysts recently issued reports on BA shares. Credit Suisse Group restated a “buy” rating and issued a $425.00 target price on shares of Boeing in a report on Thursday, July 25th. Citigroup set a $430.00 target price on shares of Boeing and gave the company a “buy” rating in a report on Monday, July 15th. Goldman Sachs Group restated a “neutral” rating and issued a $375.00 target price on shares of Boeing in a report on Friday, July 12th. Jefferies Financial Group dropped their price objective on shares of Boeing from $448.00 to $420.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Finally, Buckingham Research upped their price objective on shares of Boeing from $370.00 to $395.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Boeing has an average rating of “Hold” and a consensus price target 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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