Wright Investors Service Inc. Has $6.08 Million Position in Boeing Co (NYSE:BA)

Wright Investors Service Inc. grew its stake in Boeing Co (NYSE:BA) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,692 shares of the aircraft producer’s stock after acquiring an additional 148 shares during the period. Boeing accounts for about 2.3% of Wright Investors Service Inc.’s investment portfolio, making the stock its 7th biggest position. Wright Investors Service Inc.’s holdings in Boeing were worth $6,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BA. Gantzert Investment Co. LLC ADV acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $2,348,000. Fishman Jay A Ltd. MI increased its holdings in shares of Boeing by 4.0% in the fourth quarter. Fishman Jay A Ltd. MI now owns 47,535 shares of the aircraft producer’s stock valued at $15,330,000 after purchasing an additional 1,830 shares during the last quarter. Karp Capital Management Corp increased its holdings in shares of Boeing by 3.3% in the fourth quarter. Karp Capital Management Corp now owns 7,765 shares of the aircraft producer’s stock valued at $2,504,000 after purchasing an additional 250 shares during the last quarter. CRA Financial Services LLC acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $915,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Boeing by 0.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 251,572 shares of the aircraft producer’s stock valued at $78,214,000 after purchasing an additional 2,296 shares during the last quarter. 68.65% of the stock is owned by institutional investors.

BA stock traded up $5.95 during midday trading on Thursday, hitting $326.37. 2,485,906 shares of the company’s stock were exchanged, compared to its average volume of 4,922,259. The company’s 50-day simple moving average is $352.61. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29. The stock has a market capitalization of $187.31 billion, a PE ratio of 20.39, a PEG ratio of 10.14 and a beta of 1.27. Boeing Co has a 1-year low of $292.47 and a 1-year high of $446.01.



Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $1.07. The company had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.05 billion. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The firm’s quarterly revenue was down 35.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.33 earnings per share. Equities research analysts forecast that Boeing Co will post 3.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be paid a $2.055 dividend. 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 payout ratio is presently 51.34%.

Several equities research analysts recently commented on BA shares. Barclays cut Boeing from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $417.00 to $367.00 in a report on Tuesday, May 7th. JPMorgan Chase & Co. cut their price target on Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. TheStreet cut Boeing from an “a+” rating to a “c+” rating in a report on Wednesday, April 24th. Buckingham Research increased their price target on Boeing from $370.00 to $395.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Finally, Canaccord Genuity set a $380.00 price target on Boeing and gave the company a “hold” rating in a report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $403.10.

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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