USA Mutuals Advisors Inc. boosted its position in Boeing Co (NYSE:BA) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,000 shares of the aircraft producer’s stock after buying an additional 400 shares during the quarter. Boeing makes up about 4.2% of USA Mutuals Advisors Inc.’s investment portfolio, making the stock its 16th biggest holding. USA Mutuals Advisors Inc.’s holdings in Boeing were worth $6,710,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. EP Wealth Advisors LLC boosted its stake in Boeing by 2.7% in the fourth quarter. EP Wealth Advisors LLC now owns 5,536 shares of the aircraft producer’s stock valued at $1,633,000 after acquiring an additional 145 shares during the period. Cliftonlarsonallen Wealth Advisors LLC boosted its position in shares of Boeing by 0.5% during the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 30,349 shares of the aircraft producer’s stock worth $10,182,000 after buying an additional 146 shares during the period. TNB Financial boosted its position in shares of Boeing by 1.6% during the second quarter. TNB Financial now owns 9,397 shares of the aircraft producer’s stock worth $3,153,000 after buying an additional 149 shares during the period. Elite Wealth Management Inc. boosted its position in shares of Boeing by 17.8% during the first quarter. Elite Wealth Management Inc. now owns 993 shares of the aircraft producer’s stock worth $326,000 after buying an additional 150 shares during the period. Finally, Bourne Lent Asset Management Inc. boosted its position in shares of Boeing by 9.5% during the second quarter. Bourne Lent Asset Management Inc. now owns 1,728 shares of the aircraft producer’s stock worth $580,000 after buying an additional 150 shares during the period. 69.77% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. Robert W. Baird reiterated a “buy” rating and set a $450.00 price objective on shares of Boeing in a research report on Monday, August 13th. Cowen reiterated a “buy” rating and set a $430.00 price objective on shares of Boeing in a research report on Wednesday, July 25th. ValuEngine downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. reiterated a “buy” rating and set a $400.00 price objective on shares of Boeing in a research report on Thursday, July 26th. Finally, Zacks Investment Research downgraded Boeing from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 12th. Seven equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Boeing currently has a consensus rating of “Buy” and a consensus target price of $396.41.

Shares of NYSE:BA opened at $351.27 on Friday. Boeing Co has a 12 month low of $234.29 and a 12 month high of $374.48. The company has a market cap of $199.17 billion, a P/E ratio of 23.92, a PEG ratio of 1.72 and a beta of 1.44. The company has a current ratio of 1.11, a quick ratio of 0.32 and a debt-to-equity ratio of -7.65.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by ($0.12). Boeing had a return on equity of 2,344.87% and a net margin of 9.92%. The firm had revenue of $24.26 billion for the quarter, compared to the consensus estimate of $24.02 billion. During the same period in the previous year, the firm earned $2.55 EPS. Boeing’s revenue for the quarter was up 5.2% on a year-over-year basis. analysts anticipate that Boeing Co will post 14.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Friday, August 10th will be issued a dividend of $1.71 per share. The ex-dividend date of this dividend is Thursday, August 9th. This represents a $6.84 annualized dividend and a yield of 1.95%. Boeing’s payout ratio is 56.81%.

About Boeing

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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