Rothschild & Co. Asset Management US Inc. Has $17.34 Million Holdings in Boeing Co (NYSE:BA)

Rothschild & Co. Asset Management US Inc. lowered its position in shares of Boeing Co (NYSE:BA) by 72.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,637 shares of the aircraft producer’s stock after selling 124,196 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Boeing were worth $17,341,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BA. NuWave Investment Management LLC increased its stake in Boeing by 554.5% in the 2nd quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock valued at $26,000 after buying an additional 61 shares during the period. Nordea Investment Management AB increased its stake in 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 buying an additional 41 shares during the period. Guidant Wealth Advisors acquired a new position in Boeing in the 2nd quarter valued at approximately $28,000. Next Capital Management LLC acquired a new position in Boeing in the 4th quarter valued at approximately $32,000. Finally, Clarfeld Financial Advisors LLC acquired a new position in Boeing in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 68.94% of the company’s stock.

BA stock traded down $5.37 during trading hours on Wednesday, hitting $327.08. The company’s stock had a trading volume of 128,424 shares, compared to its average volume of 4,988,628. 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 stock has a market cap of $187.07 billion, a P/E ratio of 20.42, a PEG ratio of 10.25 and a beta of 1.27. Boeing Co has a 12 month low of $292.47 and a 12 month high of $446.01. The stock has a 50 day moving average of $358.68.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $1.07. The business 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%. Boeing’s quarterly revenue was down 35.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.33 EPS. On average, analysts predict that Boeing Co will post 4.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be issued a dividend of $2.055 per share. This represents a $8.22 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, August 8th. Boeing’s dividend payout ratio is currently 51.34%.

Several research analysts have weighed in on the stock. 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 research note on Thursday, July 11th. Wolfe Research lowered shares of Boeing from an “outperform” rating to a “peer perform” rating and dropped their price objective for the company from $404.00 to $393.00 in a research note on Thursday, July 25th. Zacks Investment Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 price objective on the stock in a research note on Monday, June 10th. Credit Suisse Group reiterated a “buy” rating and issued a $425.00 price objective on shares of Boeing in a research note on Thursday, July 25th. Finally, Morgan Stanley set a $500.00 price objective on shares of Boeing and gave the company a “buy” rating in a research note on Friday, July 19th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. Boeing presently has a consensus rating of “Hold” and a consensus target price of $403.10.

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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