US Bancorp DE Acquires 3,901 Shares of Boeing Co (NYSE:BA)

US Bancorp DE grew its holdings in shares of Boeing Co (NYSE:BA) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 586,028 shares of the aircraft producer’s stock after buying an additional 3,901 shares during the period. US Bancorp DE owned approximately 0.10% of Boeing worth $213,320,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the business. NuWave Investment Management LLC lifted its holdings in shares of Boeing by 554.5% in the 2nd quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Boeing by 128.1% in the 1st quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock worth $28,000 after purchasing an additional 41 shares in the last quarter. Guidant Wealth Advisors bought a new position in shares of Boeing in the 2nd quarter worth $28,000. Clarfeld Financial Advisors LLC bought a new position in shares of Boeing in the 4th quarter worth $40,000. Finally, Next Capital Management LLC bought a new position in shares of Boeing in the 2nd quarter worth $42,000. Hedge funds and other institutional investors own 67.98% of the company’s stock.

BA has been the topic of a number of recent research reports. Bank of America set a $420.00 target price on Boeing and gave the stock a “hold” rating in a report on Thursday, June 27th. Credit Suisse Group reiterated a “buy” rating and issued a $425.00 target price on shares of Boeing in a report on Thursday, July 25th. JPMorgan Chase & Co. cut their target price on Boeing from $430.00 to $425.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Morgan Stanley set a $500.00 target price on Boeing and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Cowen set a $460.00 price objective on Boeing and gave the company a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $402.65.



Shares of Boeing stock traded up $5.68 during trading hours on Friday, hitting $381.31. 2,209,755 shares of the company’s stock traded hands, compared to its average volume of 4,015,058. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01. The stock has a market capitalization of $207.92 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 10.93 and a beta of 1.25. The company has a fifty day simple moving average of $347.54 and a 200-day simple moving average of $366.44. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $1.07. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The firm had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.05 billion. During the same period last year, the firm posted $3.33 EPS. The business’s revenue was down 35.1% compared to the same quarter last year. On average, analysts forecast that Boeing Co will post 4.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were given a dividend of $2.055 per share. This represents a $8.22 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Thursday, August 8th. Boeing’s dividend payout ratio is presently 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.

Further Reading: Quick Ratio

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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