West Chester Capital Advisors Inc. Has $773,000 Stake in Boeing Co (NYSE:BA)

West Chester Capital Advisors Inc. lifted its stake in shares of Boeing Co (NYSE:BA) by 14.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,123 shares of the aircraft producer’s stock after purchasing an additional 275 shares during the period. Boeing makes up about 1.0% of West Chester Capital Advisors Inc.’s investment portfolio, making the stock its 21st biggest position. West Chester Capital Advisors Inc.’s holdings in Boeing were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in BA. Massmutual Trust Co. FSB ADV increased its position 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 in the last quarter. Cardan Capital Partners LLC increased its position 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 in the last quarter. Haverford Trust Co. increased its position 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 in the last quarter. Apriem Advisors increased its position 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 in the last quarter. Finally, CFO4Life Group LLC increased its position 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 in the last quarter. Institutional investors own 68.94% of the company’s stock.

BA has been the subject of several research reports. Buckingham Research increased their price objective on shares of Boeing from $370.00 to $395.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Zacks Investment Research raised shares of Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 price objective for the company in a research report on Monday, June 10th. JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Morgan Stanley set a $500.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $403.10.

BA stock traded up $1.20 during trading hours on Friday, reaching $337.55. The stock had a trading volume of 2,993,901 shares, compared to its average volume of 5,053,301. 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 company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. The company’s 50-day moving average is $356.53. Boeing Co has a fifty-two week low of $292.47 and a fifty-two week high of $446.01.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $1.07. The firm had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The company’s revenue for the quarter was down 35.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.33 earnings per share. As a group, sell-side analysts predict that Boeing Co will post 3.98 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be paid a $2.055 dividend. This represents a $8.22 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, August 8th. 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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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