Winslow Evans & Crocker Inc. Reduces Holdings in Boeing Co (NYSE:BA)

Winslow Evans & Crocker Inc. decreased its position in Boeing Co (NYSE:BA) by 11.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,962 shares of the aircraft producer’s stock after selling 614 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Boeing were worth $1,808,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BA. FMR LLC boosted its position in Boeing by 26.5% in the 1st 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 boosted its position in Boeing by 3.2% in the 4th 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 boosted its position in Boeing by 3.6% in the 4th 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 boosted its position in Boeing by 36,928.2% in the 2nd 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 boosted its position in Boeing by 6.8% in the 4th 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 owned by institutional investors and hedge funds.

NYSE:BA traded down $3.21 during midday trading on Wednesday, hitting $344.25. 3,327,721 shares of the company were exchanged, compared to its average volume of 4,516,344. The stock has a fifty day moving average of $360.18. Boeing Co has a fifty-two week low of $292.47 and a fifty-two week high of $446.01. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. The firm has a market capitalization of $195.52 billion, a P/E ratio of 21.50, a PEG ratio of 4.16 and a beta of 1.30.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $1.07. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.05 billion. During the same period last year, the business earned $3.33 EPS. Boeing’s revenue for the quarter was down 35.1% compared to the same quarter last year. On average, equities analysts anticipate that Boeing Co will post 7.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be paid 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 2.39%. Boeing’s dividend payout ratio is currently 51.34%.

BA has been the subject of several recent research reports. Barclays cut 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 report on Tuesday, May 7th. Jefferies Financial Group reduced 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. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Bank of America set a $420.00 price objective on shares of Boeing and gave the company a “hold” rating in a report on Thursday, June 27th. Finally, UBS Group restated a “buy” rating and issued a $480.00 price objective (down from $500.00) on shares of Boeing in a report on Wednesday, July 10th. Three equities 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price 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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