Usca Ria LLC Buys 416 Shares of Boeing Co (NYSE:BA)

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Usca Ria LLC lifted its stake in Boeing Co (NYSE:BA) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,563 shares of the aircraft producer’s stock after acquiring an additional 416 shares during the quarter. Boeing accounts for about 1.2% of Usca Ria LLC’s investment portfolio, making the stock its 26th largest holding. Usca Ria LLC’s holdings in Boeing were worth $4,209,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in BA. Thoroughbred Financial Services LLC grew its stake in shares of Boeing by 36,928.2% in the second quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock worth $623,555,000 after acquiring an additional 6,218,711 shares during the period. FMR LLC grew its position in Boeing by 26.5% during the first quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock valued at $4,211,577,000 after buying an additional 2,311,630 shares during the period. Two Sigma Advisers LP grew its position in Boeing by 33.6% during the fourth quarter. Two Sigma Advisers LP now owns 995,560 shares of the aircraft producer’s stock valued at $321,068,000 after buying an additional 250,600 shares during the period. Mackay Shields LLC bought a new stake in Boeing during the fourth quarter valued at approximately $77,540,000. Finally, SG Americas Securities LLC grew its position in Boeing by 378.0% during the second quarter. SG Americas Securities LLC now owns 302,625 shares of the aircraft producer’s stock valued at $110,159,000 after buying an additional 239,316 shares during the period. Hedge funds and other institutional investors own 68.65% of the company’s stock.

NYSE:BA traded up $2.45 during trading hours on Friday, hitting $330.45. 3,825,900 shares of the stock traded hands, compared to its average volume of 5,020,733. 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 Co has a 1 year low of $292.47 and a 1 year high of $446.01. The company has a market cap of $184.57 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 9.71 and a beta of 1.27. The stock has a 50 day moving average price of $350.82 and a 200 day moving average price of $372.62.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $15.05 billion. During the same quarter in the previous year, the firm earned $3.33 earnings per share. The company’s revenue for the quarter was down 35.1% on a year-over-year basis. Equities analysts forecast that Boeing Co will post 4.09 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a dividend of $2.055 per share. This represents a $8.22 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, August 8th. Boeing’s dividend payout ratio is currently 51.34%.

Several analysts recently issued reports on BA shares. Barclays lowered shares of Boeing from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $417.00 to $367.00 in a research report on Tuesday, May 7th. TheStreet lowered shares of Boeing from an “a+” rating to a “c+” rating in a research report on Wednesday, April 24th. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Zacks Investment Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 target price for the company in a research report on Monday, June 10th. Finally, Jefferies Financial Group cut their target price on shares of Boeing from $448.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Three equities 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 company. Boeing presently has a consensus rating of “Hold” and an average price target 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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