Executive Wealth Management LLC trimmed its position in Boeing Co (NYSE:BA) by 9.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,556 shares of the aircraft producer’s stock after selling 163 shares during the quarter. Executive Wealth Management LLC’s holdings in Boeing were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its position in Boeing by 1.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,851 shares of the aircraft producer’s stock valued at $919,000 after purchasing an additional 29 shares during the period. Cardan Capital Partners LLC raised its stake in shares of Boeing by 1.9% in the 1st quarter. Cardan Capital Partners LLC now owns 1,607 shares of the aircraft producer’s stock valued at $613,000 after acquiring an additional 30 shares during the period. Haverford Trust Co. raised its stake in shares of Boeing by 0.4% in the 4th quarter. Haverford Trust Co. now owns 7,096 shares of the aircraft producer’s stock valued at $2,288,000 after acquiring an additional 31 shares during the period. Apriem Advisors raised its stake in shares of Boeing by 1.3% in the 4th quarter. Apriem Advisors now owns 2,459 shares of the aircraft producer’s stock valued at $793,000 after acquiring an additional 31 shares during the period. Finally, CFO4Life Group LLC raised its stake in shares of Boeing by 5.2% in the 2nd quarter. CFO4Life Group LLC now owns 627 shares of the aircraft producer’s stock valued at $228,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 68.65% of the company’s stock.

A number of brokerages have recently commented on BA. Wolfe Research downgraded shares of Boeing from an “outperform” rating to a “peer perform” rating and cut their target price for the company from $404.00 to $393.00 in a research note on Thursday, July 25th. Credit Suisse Group reaffirmed a “buy” rating and set a $425.00 price target on shares of Boeing in a research note on Thursday, July 25th. Zacks Investment Research raised shares of Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 price target on the stock in a research note on Monday, June 10th. Jefferies Financial Group dropped their price target on shares of Boeing from $448.00 to $420.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Finally, UBS Group reaffirmed a “buy” rating and set a $480.00 price target (down previously from $500.00) on shares of Boeing in a research note on Wednesday, July 10th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $403.10.

Shares of NYSE BA traded up $5.36 during midday trading on Thursday, hitting $325.78. The company’s stock had a trading volume of 2,096,019 shares, compared to its average volume of 4,922,259. Boeing Co has a 1-year low of $292.47 and a 1-year high of $446.01. The business has a fifty day simple moving average of $352.61. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.03. The firm has a market cap of $187.31 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 10.14 and a beta of 1.27.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $1.07. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The business had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.05 billion. During the same period in the previous year, the business posted $3.33 EPS. The company’s quarterly revenue was down 35.1% on a year-over-year basis. On average, equities research analysts forecast that Boeing Co will post 3.98 EPS for the current year.

The business 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 dividend of $2.055 per share. The ex-dividend date of this dividend 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%.

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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