United Bank Decreases Stake in Boeing Co (BA)

United Bank cut its holdings in Boeing Co (NYSE:BA) by 7.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,667 shares of the aircraft producer’s stock after selling 433 shares during the period. Boeing comprises approximately 0.4% of United Bank’s holdings, making the stock its 23rd biggest position. United Bank’s holdings in Boeing were worth $1,901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Beacon Investment Advisory Services Inc. boosted its stake in Boeing by 2.3% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 14,423 shares of the aircraft producer’s stock valued at $4,839,000 after purchasing an additional 329 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Boeing during the 2nd quarter valued at about $187,000. Chemical Bank boosted its stake in Boeing by 7.7% during the 2nd quarter. Chemical Bank now owns 21,779 shares of the aircraft producer’s stock valued at $7,307,000 after purchasing an additional 1,556 shares during the period. Swiss National Bank boosted its stake in Boeing by 1.8% during the 2nd quarter. Swiss National Bank now owns 1,848,391 shares of the aircraft producer’s stock valued at $620,154,000 after purchasing an additional 33,100 shares during the period. Finally, Kwmg LLC boosted its stake in Boeing by 3.7% during the 2nd quarter. Kwmg LLC now owns 7,202 shares of the aircraft producer’s stock valued at $2,416,000 after purchasing an additional 257 shares during the period. 69.56% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on BA. Morgan Stanley set a $400.00 target price on shares of Boeing and gave the company a “hold” rating in a research note on Friday, September 28th. Cowen reissued a “buy” rating and set a $445.00 target price on shares of Boeing in a research note on Monday, October 1st. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Wednesday, September 19th. Credit Suisse Group boosted their price target on shares of Boeing from $455.00 to $456.00 and gave the stock an “outperform” rating in a research report on Thursday, October 25th. Finally, Sanford C. Bernstein boosted their price target on shares of Boeing from $426.00 to $440.00 and gave the stock a “positive” rating in a research report on Friday, October 26th. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $410.21.



BA stock opened at $349.91 on Wednesday. Boeing Co has a 52-week low of $256.24 and a 52-week high of $394.28. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 8.07. The company has a market cap of $204.02 billion, a PE ratio of 29.06, a PEG ratio of 1.62 and a beta of 1.40.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.47 by $0.11. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The business had revenue of $25.15 billion for the quarter, compared to analyst estimates of $23.84 billion. During the same quarter in the previous year, the business earned $2.72 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that Boeing Co will post 15.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 9th will be issued a dividend of $1.71 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.95%. Boeing’s dividend payout ratio is currently 56.81%.

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.

See Also: Bond

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.

Leave a Reply