Freestone Capital Holdings LLC Boosts Stock Holdings in Boeing Co (NYSE:BA)

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Freestone Capital Holdings LLC raised its holdings in Boeing Co (NYSE:BA) by 5.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 6,122 shares of the aircraft producer’s stock after acquiring an additional 343 shares during the period. Freestone Capital Holdings LLC’s holdings in Boeing were worth $2,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Buckingham Asset Management LLC grew its stake in Boeing by 6.2% during the second quarter. Buckingham Asset Management LLC now owns 16,539 shares of the aircraft producer’s stock valued at $6,020,000 after acquiring an additional 970 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Boeing by 8.1% in the 2nd quarter. Eagle Asset Management Inc. now owns 7,972 shares of the aircraft producer’s stock worth $2,901,000 after acquiring an additional 600 shares during the last quarter. Oakworth Capital Inc. lifted its holdings in shares of Boeing by 5.4% in the 2nd quarter. Oakworth Capital Inc. now owns 1,967 shares of the aircraft producer’s stock worth $716,000 after acquiring an additional 100 shares during the last quarter. Usca Ria LLC lifted its holdings in shares of Boeing by 3.7% in the 2nd quarter. Usca Ria LLC now owns 11,563 shares of the aircraft producer’s stock worth $4,209,000 after acquiring an additional 416 shares during the last quarter. Finally, Rudd International Inc. bought a new stake in shares of Boeing in the 2nd quarter worth approximately $238,000. Hedge funds and other institutional investors own 67.81% of the company’s stock.

NYSE BA traded down $2.24 during trading on Tuesday, hitting $331.54. The company had a trading volume of 48,066 shares, compared to its average volume of 4,738,884. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. Boeing Co has a one year low of $292.47 and a one year high of $446.01. The company has a market cap of $185.95 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 9.78 and a beta of 1.27. The company’s fifty day moving average is $348.86 and its 200-day moving average is $372.00.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 business had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.05 billion. During the same period in the prior year, the business earned $3.33 EPS. The company’s revenue for the quarter was down 35.1% on a year-over-year basis. As a group, equities analysts anticipate that Boeing Co will post 4.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a $2.055 dividend. The ex-dividend date is Thursday, August 8th. This represents a $8.22 annualized dividend and a yield of 2.48%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

A number of research firms recently commented on BA. Barclays lowered shares of Boeing from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $417.00 to $367.00 in a report on Tuesday, May 7th. Morgan Stanley set a $500.00 price target on shares of Boeing and gave the company a “buy” rating in a report on Friday, July 19th. Canaccord Genuity set a $380.00 price target on shares of Boeing and gave the company a “hold” rating in a report on Friday, July 19th. Citigroup set a $430.00 price target on shares of Boeing and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Buckingham Research upped their price target on shares of Boeing from $370.00 to $395.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $403.10.

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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