Trellis Advisors LLC Purchases 283 Shares of Boeing Co (NYSE:BA)

Trellis Advisors LLC increased its stake in Boeing Co (NYSE:BA) by 28.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,275 shares of the aircraft producer’s stock after buying an additional 283 shares during the period. Boeing comprises 0.4% of Trellis Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Trellis Advisors LLC’s holdings in Boeing were worth $464,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BA. Fishman Jay A Ltd. MI raised its holdings in shares of Boeing by 4.0% during the fourth quarter. Fishman Jay A Ltd. MI now owns 47,535 shares of the aircraft producer’s stock valued at $15,330,000 after buying an additional 1,830 shares during the last quarter. Castle Rock Wealth Management LLC raised its holdings in shares of Boeing by 36.1% during the fourth quarter. Castle Rock Wealth Management LLC now owns 1,315 shares of the aircraft producer’s stock valued at $540,000 after buying an additional 349 shares during the last quarter. Signature Wealth Management Group raised its holdings in shares of Boeing by 4.4% during the fourth quarter. Signature Wealth Management Group now owns 1,648 shares of the aircraft producer’s stock valued at $531,000 after buying an additional 69 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Boeing by 14.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,952 shares of the aircraft producer’s stock valued at $22,881,000 after buying an additional 8,926 shares during the last quarter. Finally, Rovida Advisors Inc. raised its holdings in shares of Boeing by 10.3% during the fourth quarter. Rovida Advisors Inc. now owns 376,642 shares of the aircraft producer’s stock valued at $121,418,000 after buying an additional 35,300 shares during the last quarter. 67.81% of the stock is currently owned by institutional investors.

NYSE:BA traded up $1.60 during midday trading on Friday, hitting $356.01. 10,943,537 shares of the stock were exchanged, compared to its average volume of 4,300,527. Boeing Co has a one year low of $292.47 and a one year high of $446.01. The company has a market capitalization of $199.43 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 10.49 and a beta of 1.27. The business has a 50-day moving average price of $348.22 and a two-hundred day moving average price of $371.20. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $1.07. The firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The firm’s quarterly revenue was down 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.33 earnings per share. Sell-side analysts forecast that Boeing Co will post 4.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be given a $2.055 dividend. The ex-dividend date is Thursday, August 8th. This represents a $8.22 annualized dividend and a yield of 2.31%. Boeing’s dividend payout ratio (DPR) is 51.34%.

A number of equities research analysts have recently weighed in on BA shares. Buckingham Research lifted their price target on Boeing from $370.00 to $395.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Citigroup set a $430.00 price target on Boeing and gave the company a “buy” rating in a report on Monday, July 15th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $375.00 price target on shares of Boeing in a report on Friday, July 12th. Wolfe Research cut Boeing from an “outperform” rating to a “peer perform” rating and cut their price target for the company from $404.00 to $393.00 in a report on Thursday, July 25th. Finally, Bank of America set a $420.00 target price on Boeing and gave the stock a “hold” rating in a report on Thursday, June 27th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average 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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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