OmniStar Financial Group Inc. lowered its stake in Boeing Co (NYSE:BA) by 85.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 633 shares of the aircraft producer’s stock after selling 3,731 shares during the quarter. OmniStar Financial Group Inc.’s holdings in Boeing were worth $231,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Boeing by 1.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,851 shares of the aircraft producer’s stock worth $919,000 after acquiring an additional 29 shares during the period. Cardan Capital Partners LLC boosted its holdings in shares of Boeing by 1.9% during the first quarter. Cardan Capital Partners LLC now owns 1,607 shares of the aircraft producer’s stock worth $613,000 after acquiring an additional 30 shares during the period. Haverford Trust Co. boosted its holdings in shares of Boeing by 0.4% during the fourth quarter. Haverford Trust Co. now owns 7,096 shares of the aircraft producer’s stock worth $2,288,000 after acquiring an additional 31 shares during the period. Apriem Advisors boosted its holdings in shares of Boeing by 1.3% during the fourth quarter. Apriem Advisors now owns 2,459 shares of the aircraft producer’s stock worth $793,000 after acquiring an additional 31 shares during the period. Finally, CFO4Life Group LLC boosted its holdings in shares of Boeing by 5.2% during the second quarter. CFO4Life Group LLC now owns 627 shares of the aircraft producer’s stock worth $228,000 after acquiring an additional 31 shares during the period. 68.94% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on BA shares. Wolfe Research cut Boeing from an “outperform” rating to a “peer perform” rating and reduced their price objective for the stock from $404.00 to $393.00 in a report on Thursday, July 25th. Jefferies Financial Group reduced their price objective on Boeing from $448.00 to $420.00 and set a “buy” rating for the company in a report on Friday, July 19th. Berenberg Bank reiterated a “buy” rating and issued a $400.00 price target on shares of Boeing in a research note on Tuesday, August 6th. Buckingham Research boosted their price target on Boeing from $370.00 to $395.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $375.00 price target on shares of Boeing in a research note on Friday, July 12th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $403.10.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating the 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 business had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.05 billion. During the same period in the previous year, the business earned $3.33 earnings per share. The company’s revenue was down 35.1% on a year-over-year basis. On average, analysts forecast that Boeing Co will post 3.98 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be given a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $8.22 annualized dividend and a yield of 2.44%. Boeing’s dividend payout ratio is currently 51.34%.
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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