Wunderlich Capital Managemnt Grows Stock Position in Boeing Co (NYSE:BA)

Wunderlich Capital Managemnt grew its position in shares of Boeing Co (NYSE:BA) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,788 shares of the aircraft producer’s stock after buying an additional 116 shares during the quarter. Boeing accounts for approximately 1.6% of Wunderlich Capital Managemnt’s holdings, making the stock its 10th largest position. Wunderlich Capital Managemnt’s holdings in Boeing were worth $2,471,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Claraphi Advisory Network LLC raised its holdings in Boeing by 3.6% in the 2nd quarter. Claraphi Advisory Network LLC now owns 2,943 shares of the aircraft producer’s stock worth $1,071,000 after purchasing an additional 103 shares during the period. Dupont Capital Management Corp raised its holdings in Boeing by 0.3% during the second quarter. Dupont Capital Management Corp now owns 45,420 shares of the aircraft producer’s stock valued at $16,533,000 after acquiring an additional 125 shares during the period. Corrado Advisors LLC raised its holdings in Boeing by 4.1% during the second quarter. Corrado Advisors LLC now owns 7,901 shares of the aircraft producer’s stock valued at $2,876,000 after acquiring an additional 310 shares during the period. Greenleaf Trust raised its holdings in Boeing by 6.3% during the second quarter. Greenleaf Trust now owns 5,782 shares of the aircraft producer’s stock valued at $2,105,000 after acquiring an additional 342 shares during the period. Finally, NEXT Financial Group Inc raised its holdings in Boeing by 167.1% during the second quarter. NEXT Financial Group Inc now owns 4,909 shares of the aircraft producer’s stock valued at $1,787,000 after acquiring an additional 3,071 shares during the period. 67.85% of the stock is currently owned by hedge funds and other institutional investors.

BA has been the topic of a number of recent analyst reports. UBS Group set a $470.00 price target on Boeing and gave the company a “buy” rating in a report on Monday, September 9th. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a report on Thursday. Bank of America set a $420.00 price target on Boeing and gave the company a “hold” rating in a report on Thursday, June 27th. Wolfe Research cut Boeing from an “outperform” rating to a “peer perform” rating and decreased their price target for the company from $404.00 to $393.00 in a report on Thursday, July 25th. Finally, Credit Suisse Group reissued a “buy” rating and set a $425.00 price target on shares of Boeing in a report on Thursday, July 25th. Three research 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 $402.65.

Shares of Boeing stock traded down $4.33 during trading on Friday, reaching $380.11. 3,411,469 shares of the stock traded hands, compared to its average volume of 4,257,156. The company has a market capitalization of $214.29 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 11.37 and a beta of 1.25. The business has a fifty day simple moving average of $352.37 and a two-hundred day simple moving average of $364.72. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29. Boeing Co has a 52-week low of $292.47 and a 52-week high of $446.01.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.85 by $1.07. The firm had revenue of $15.75 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business posted $3.33 earnings per share. On average, research analysts predict that Boeing Co will post 4.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were given a dividend of $2.055 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.16%. Boeing’s payout ratio is 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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