Secrest Blakey & Associates LLC cut its holdings in shares of Boeing Co (NYSE:BA) by 7.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,851 shares of the aircraft producer’s stock after selling 308 shares during the period. Boeing makes up approximately 1.0% of Secrest Blakey & Associates LLC’s investment portfolio, making the stock its 29th biggest holding. Secrest Blakey & Associates LLC’s holdings in Boeing were worth $1,292,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Hudock Capital Group LLC boosted its holdings in Boeing by 3.4% during the second quarter. Hudock Capital Group LLC now owns 4,341 shares of the aircraft producer’s stock worth $1,456,000 after purchasing an additional 144 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in Boeing by 2.7% during the fourth quarter. EP Wealth Advisors LLC now owns 5,536 shares of the aircraft producer’s stock worth $1,633,000 after purchasing an additional 145 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 146 shares during the last quarter. TNB Financial boosted its holdings in 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 purchasing an additional 149 shares during the last quarter. Finally, Elite Wealth Management Inc. boosted its holdings in 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 purchasing an additional 150 shares during the last quarter. 69.74% of the stock is owned by institutional investors.

Several research analysts recently weighed in on BA shares. Canaccord Genuity restated a “hold” rating and set a $350.00 price target on shares of Boeing in a report on Tuesday, July 24th. Cowen restated a “buy” rating and set a $430.00 price target on shares of Boeing in a report on Friday, July 13th. ValuEngine cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Robert W. Baird restated a “buy” rating and set a $450.00 price target on shares of Boeing in a report on Monday, August 13th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $410.00 target price on shares of Boeing in a research note on Sunday, July 29th. Seven equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $396.41.

BA opened at $355.46 on Friday. The company has a debt-to-equity ratio of -7.65, a quick ratio of 0.32 and a current ratio of 1.11. The stock has a market capitalization of $203.04 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 1.76 and a beta of 1.44. Boeing Co has a twelve month low of $242.50 and a twelve month high of $374.48.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Friday, August 10th were paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, August 9th. Boeing’s payout ratio is currently 56.81%.

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.

Featured Article: Should You Consider an Index Fund?

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.