Boeing Co (NYSE:BA) Shares Sold by Texas Yale Capital Corp.

Texas Yale Capital Corp. decreased its holdings in shares of Boeing Co (NYSE:BA) by 49.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,548 shares of the aircraft producer’s stock after selling 25,654 shares during the quarter. Boeing makes up approximately 0.7% of Texas Yale Capital Corp.’s holdings, making the stock its 19th biggest holding. Texas Yale Capital Corp.’s holdings in Boeing were worth $9,664,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. NuWave Investment Management LLC boosted its holdings in Boeing by 554.5% during the second quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock worth $26,000 after buying an additional 61 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Boeing by 128.1% in the 1st quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after acquiring an additional 41 shares in the last quarter. Guidant Wealth Advisors purchased a new stake in shares of Boeing in the 2nd quarter valued at approximately $28,000. Next Capital Management LLC purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $32,000. Finally, Clarfeld Financial Advisors LLC purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 68.94% of the company’s stock.

NYSE BA traded down $8.41 during midday trading on Monday, hitting $331.15. The company had a trading volume of 2,289,012 shares, compared to its average volume of 4,915,231. 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 firm has a market cap of $191.07 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 10.25 and a beta of 1.28. The stock has a fifty day moving average of $359.79. Boeing Co has a fifty-two week low of $292.47 and a fifty-two week high of $446.01.

Boeing (NYSE:BA) last posted its quarterly 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 company had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The business’s quarterly revenue was down 35.1% on a year-over-year basis. During the same period last year, the business posted $3.33 EPS. As a group, research analysts anticipate that Boeing Co will post 4.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be given a $2.055 dividend. The ex-dividend date is Thursday, August 8th. This represents a $8.22 annualized dividend and a yield of 2.48%. Boeing’s dividend payout ratio is 51.34%.

BA has been the subject of several research analyst reports. Wolfe Research downgraded shares of Boeing from an “outperform” rating to a “peer perform” rating and reduced their price target for the company from $404.00 to $393.00 in a research report on Thursday, July 25th. Goldman Sachs Group restated a “neutral” rating and issued a $375.00 price target on shares of Boeing in a research report on Friday, July 12th. Morgan Stanley set a $500.00 price target on shares of Boeing and gave the company a “buy” rating in a research report on Friday, July 19th. Barclays downgraded shares of Boeing from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $417.00 to $367.00 in a research report on Tuesday, May 7th. Finally, Canaccord Genuity set a $380.00 price target on shares of Boeing and gave the company a “hold” rating in a research report on Friday, July 19th. 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. The stock presently 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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