Argent Capital Management LLC decreased its holdings in shares of Boeing Co (NYSE:BA) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 46,151 shares of the aircraft producer’s stock after selling 2,514 shares during the period. Argent Capital Management LLC’s holdings in Boeing were worth $16,800,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Claraphi Advisory Network LLC increased its holdings in Boeing by 3.6% during 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 in the last quarter. Dupont Capital Management Corp boosted its stake in shares of Boeing by 0.3% during the 2nd quarter. Dupont Capital Management Corp now owns 45,420 shares of the aircraft producer’s stock worth $16,533,000 after buying an additional 125 shares during the last quarter. Corrado Advisors LLC boosted its stake in shares of Boeing by 4.1% during the 2nd quarter. Corrado Advisors LLC now owns 7,901 shares of the aircraft producer’s stock worth $2,876,000 after buying an additional 310 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Boeing by 1,405.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 30,830 shares of the aircraft producer’s stock worth $11,222,000 after buying an additional 28,782 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in shares of Boeing by 6.3% during the 2nd quarter. Greenleaf Trust now owns 5,782 shares of the aircraft producer’s stock worth $2,105,000 after buying an additional 342 shares during the last quarter. Institutional investors own 67.85% of the company’s stock.

Several equities research analysts recently issued reports on BA shares. Barclays set a $367.00 target price on shares of Boeing and gave the company a “hold” rating in a research note on Tuesday, September 10th. Citigroup set a $430.00 target price on shares of Boeing and gave the company a “buy” rating in a research note on Monday, July 15th. Goldman Sachs Group reissued a “neutral” rating and issued a $375.00 price target on shares of Boeing in a report on Friday, July 12th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Wolfe Research cut shares of Boeing from an “outperform” rating to a “peer perform” rating and lowered their price target for the company from $404.00 to $393.00 in a report on Thursday, July 25th. Three equities research 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’s stock. The company has a consensus rating of “Hold” and an average price target of $402.65.

Shares of BA traded down $5.05 during mid-day trading on Friday, hitting $379.39. 5,889,900 shares of the company’s stock were exchanged, compared to its average volume of 4,040,978. Boeing Co has a 52 week low of $292.47 and a 52 week high of $446.01. The stock’s 50-day simple moving average is $352.99 and its 200-day simple moving average is $364.41. The firm has a market cap of $216.33 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 11.38 and a beta of 1.25. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, topping 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 company had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.05 billion. During the same period last year, the firm earned $3.33 earnings per share. The business’s revenue for the quarter was down 35.1% on a year-over-year basis. Analysts forecast 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. Investors of record on Friday, August 9th were paid a $2.055 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $8.22 dividend on an annualized basis and a yield of 2.17%. 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.

Read More: What is the Bid-Ask Spread?

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.