Trust Investment Advisors Has $1.12 Million Holdings in Boeing Co (NYSE:BA)

Trust Investment Advisors cut its holdings in Boeing Co (NYSE:BA) by 4.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,075 shares of the aircraft producer’s stock after selling 155 shares during the quarter. Boeing makes up 1.4% of Trust Investment Advisors’ holdings, making the stock its 20th biggest holding. Trust Investment Advisors’ holdings in Boeing were worth $1,119,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Claraphi Advisory Network LLC raised its position in Boeing by 3.6% in the second quarter. Claraphi Advisory Network LLC now owns 2,943 shares of the aircraft producer’s stock valued at $1,071,000 after purchasing an additional 103 shares during the last quarter. Corrado Advisors LLC raised its position in Boeing by 4.1% in the second quarter. Corrado Advisors LLC now owns 7,901 shares of the aircraft producer’s stock valued at $2,876,000 after purchasing an additional 310 shares during the last quarter. NEXT Financial Group Inc raised its position in Boeing by 167.1% in the second quarter. NEXT Financial Group Inc now owns 4,909 shares of the aircraft producer’s stock valued at $1,787,000 after purchasing an additional 3,071 shares during the last quarter. Busey Wealth Management raised its position in Boeing by 93.8% in the second quarter. Busey Wealth Management now owns 12,745 shares of the aircraft producer’s stock valued at $4,639,000 after purchasing an additional 6,170 shares during the last quarter. Finally, Wealth Architects LLC raised its position in Boeing by 8.4% in the second quarter. Wealth Architects LLC now owns 787 shares of the aircraft producer’s stock valued at $286,000 after purchasing an additional 61 shares during the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of BA traded up $1.20 during mid-day trading on Friday, reaching $337.55. 2,993,901 shares of the company were exchanged, compared to its average volume of 5,053,301. Boeing Co has a 52 week low of $292.47 and a 52 week high of $446.01. 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 company has a market capitalization of $189.27 billion, a PE ratio of 21.08, a PEG ratio of 10.25 and a beta of 1.27. The stock has a 50 day simple moving average of $356.53.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.85 by $1.07. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The company had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.05 billion. During the same period last year, the company earned $3.33 earnings per share. The firm’s revenue was down 35.1% compared to the same quarter last year. Equities research analysts predict that Boeing Co will post 3.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.44%. Boeing’s dividend payout ratio (DPR) is 51.34%.

BA has been the subject of several research reports. Berenberg Bank reiterated a “buy” rating and issued a $400.00 target price on shares of Boeing in a research report on Tuesday, August 6th. ValuEngine upgraded Boeing from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Credit Suisse Group reiterated a “buy” rating and issued a $425.00 target price on shares of Boeing in a research report on Thursday, July 25th. Wolfe Research downgraded Boeing from an “outperform” rating to a “peer perform” rating and dropped their target price for the company from $404.00 to $393.00 in a research report on Thursday, July 25th. Finally, Citigroup set a $430.00 target price on Boeing and gave the company a “buy” rating in a research report on Monday, July 15th. 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 stock. Boeing presently has an average rating of “Hold” and an average 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.

Further Reading: Outstanding Shares and The Effect on Share Price

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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