Sigma Planning Corp Buys 1,037 Shares of Boeing Co (NYSE:BA)

Sigma Planning Corp lifted its stake in shares of Boeing Co (NYSE:BA) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,666 shares of the aircraft producer’s stock after purchasing an additional 1,037 shares during the period. Boeing accounts for 0.6% of Sigma Planning Corp’s holdings, making the stock its 28th biggest position. Sigma Planning Corp’s holdings in Boeing were worth $11,163,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. NuWave Investment Management LLC grew its holdings in Boeing by 554.5% in the 2nd quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Nordea Investment Management AB grew its holdings in Boeing by 128.1% in the 1st quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after buying an additional 41 shares in the last quarter. Guidant Wealth Advisors acquired a new position in Boeing in the 2nd quarter valued at $28,000. Next Capital Management LLC acquired a new position in Boeing in the 4th quarter valued at $32,000. Finally, Clarfeld Financial Advisors LLC acquired a new position in Boeing in the 4th quarter valued at $40,000. Institutional investors own 68.65% of the company’s stock.

Boeing stock traded up $5.89 during trading hours on Thursday, hitting $326.31. The stock had a trading volume of 2,393,788 shares, compared to its average volume of 4,922,259. 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 company has a market capitalization of $187.31 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 10.14 and a beta of 1.27. Boeing Co has a one year low of $292.47 and a one year high of $446.01. The business has a 50 day moving average of $352.61.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating the 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 negative return on equity of 632.24% and a net margin of 5.42%. The business’s quarterly revenue was down 35.1% on a year-over-year basis. During the same period last year, the company earned $3.33 earnings per share. As a group, analysts anticipate 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 is Thursday, August 8th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.52%. Boeing’s dividend payout ratio (DPR) is 51.34%.

A number of brokerages have commented on BA. Credit Suisse Group reaffirmed a “buy” rating and issued a $425.00 price objective on shares of Boeing 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 on the stock in a research note on Friday, July 19th. UBS Group reaffirmed a “buy” rating and issued a $480.00 price objective (down from $500.00) on shares of Boeing in a research note on Wednesday, July 10th. JPMorgan Chase & Co. reduced their price objective on Boeing from $430.00 to $425.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Finally, TheStreet lowered Boeing from an “a+” rating to a “c+” rating in a research note on Wednesday, April 24th. Three 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’s stock. Boeing currently has a consensus rating of “Hold” and a consensus price target 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: Buy Rating

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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