Securian Asset Management Inc Buys 269 Shares of Boeing Co (NYSE:BA)

Securian Asset Management Inc boosted its stake in Boeing Co (NYSE:BA) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,243 shares of the aircraft producer’s stock after acquiring an additional 269 shares during the quarter. Securian Asset Management Inc’s holdings in Boeing were worth $20,109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Claraphi Advisory Network LLC increased its stake in shares of Boeing by 3.6% during the 2nd quarter. Claraphi Advisory Network LLC now owns 2,943 shares of the aircraft producer’s stock worth $1,071,000 after purchasing an additional 103 shares during the last quarter. Dupont Capital Management Corp increased its stake in shares of Boeing by 0.3% during the 2nd quarter. Dupont Capital Management Corp now owns 45,420 shares of the aircraft producer’s stock worth $16,533,000 after purchasing an additional 125 shares during the last quarter. Corrado Advisors LLC increased its stake in shares of Boeing by 4.1% during the 2nd quarter. Corrado Advisors LLC now owns 7,901 shares of the aircraft producer’s stock worth $2,876,000 after purchasing an additional 310 shares during the last quarter. NEXT Financial Group Inc increased its stake in shares of Boeing by 167.1% during the 2nd quarter. NEXT Financial Group Inc now owns 4,909 shares of the aircraft producer’s stock worth $1,787,000 after purchasing an additional 3,071 shares during the last quarter. Finally, Busey Wealth Management increased its stake in shares of Boeing by 93.8% during the 2nd quarter. Busey Wealth Management now owns 12,745 shares of the aircraft producer’s stock worth $4,639,000 after purchasing an additional 6,170 shares during the last quarter. 67.81% of the stock is currently owned by institutional investors and hedge funds.

NYSE BA traded down $2.66 during trading on Tuesday, reaching $331.12. The company’s stock had a trading volume of 933,953 shares, compared to its average volume of 4,738,884. 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 firm has a market capitalization of $185.95 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 9.78 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 firm has a 50 day moving average price of $348.86 and a 200 day moving average price of $372.00.

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, beating the Zacks’ consensus estimate of $1.85 by $1.07. The firm 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 business’s revenue for the quarter was down 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.33 EPS. On average, equities analysts forecast that Boeing Co will post 4.09 EPS for the current fiscal year.

The firm also recently disclosed 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. This represents a $8.22 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Thursday, August 8th. Boeing’s dividend payout ratio is currently 51.34%.

Several research analysts have recently weighed in on the stock. Wolfe Research lowered shares of Boeing from an “outperform” rating to a “peer perform” rating and lowered their price objective for the stock 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. UBS Group restated a “buy” rating and set a $480.00 price objective (down from $500.00) on shares of Boeing in a research note on Wednesday, July 10th. Morgan Stanley set a $500.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Barclays lowered shares of Boeing from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $417.00 to $367.00 in a research note on Tuesday, May 7th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. Boeing presently has a consensus rating of “Hold” and a consensus price target of $403.10.

About Boeing

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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