HL Financial Services LLC Buys 2,411 Shares of Boeing Co (NYSE:BA)

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HL Financial Services LLC increased its stake in shares of Boeing Co (NYSE:BA) by 16.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,838 shares of the aircraft producer’s stock after buying an additional 2,411 shares during the quarter. HL Financial Services LLC’s holdings in Boeing were worth $5,649,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in Boeing by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,158,335 shares of the aircraft producer’s stock valued at $1,730,674,000 after purchasing an additional 227,374 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its stake in shares of Boeing by 21.5% in the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 11,833 shares of the aircraft producer’s stock valued at $3,970,000 after buying an additional 2,095 shares during the period. Quadrant Private Wealth Management LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at $744,000. Quest Investment Management LLC increased its stake in shares of Boeing by 454.4% in the 2nd quarter. Quest Investment Management LLC now owns 39,564 shares of the aircraft producer’s stock valued at $13,274,000 after buying an additional 32,427 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Boeing by 0.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 241,002 shares of the aircraft producer’s stock valued at $80,859,000 after buying an additional 973 shares during the period. Institutional investors and hedge funds own 69.71% of the company’s stock.

NYSE BA traded up $2.00 during trading on Friday, reaching $360.11. 5,352,732 shares of the company’s stock were exchanged, compared to its average volume of 4,481,468. Boeing Co has a fifty-two week low of $254.50 and a fifty-two week high of $394.28. The company has a quick ratio of 0.32, a current ratio of 1.11 and a debt-to-equity ratio of -7.65. The company has a market cap of $213.66 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 1.85 and a beta of 1.39.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.12). Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. The firm had revenue of $24.26 billion during the quarter, compared to analyst estimates of $24.02 billion. During the same period in the previous year, the company posted $2.55 EPS. Boeing’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts anticipate that Boeing Co will post 14.6 EPS for the current fiscal year.

BA has been the subject of several research reports. Zacks Investment Research cut Boeing from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 12th. Cowen restated a “buy” rating and issued a $430.00 price target on shares of Boeing in a research report on Friday, July 13th. Canaccord Genuity restated a “hold” rating and issued a $350.00 price target on shares of Boeing in a research report on Tuesday, July 24th. Goldman Sachs Group set a $375.00 price target on Boeing and gave the stock a “neutral” rating in a research report on Wednesday, July 25th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $400.00 target price on shares of Boeing in a report on Thursday, July 26th. Six investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $401.25.

About Boeing

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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