Wealth Enhancement Advisory Services LLC Sells 1,924 Shares of Boeing Co (NYSE:BA)

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Wealth Enhancement Advisory Services LLC lessened its stake in shares of Boeing Co (NYSE:BA) by 23.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,292 shares of the aircraft producer’s stock after selling 1,924 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Boeing were worth $2,141,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Gantzert Investment Co. LLC ADV bought a new stake in shares of Boeing in the 4th quarter worth about $2,348,000. Fishman Jay A Ltd. MI grew its holdings in shares of Boeing by 4.0% in the 4th quarter. Fishman Jay A Ltd. MI now owns 47,535 shares of the aircraft producer’s stock worth $15,330,000 after purchasing an additional 1,830 shares during the last quarter. Karp Capital Management Corp grew its holdings in shares of Boeing by 3.3% in the 4th quarter. Karp Capital Management Corp now owns 7,765 shares of the aircraft producer’s stock worth $2,504,000 after purchasing an additional 250 shares during the last quarter. CRA Financial Services LLC bought a new stake in shares of Boeing in the 4th quarter worth about $915,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Boeing by 0.9% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 251,572 shares of the aircraft producer’s stock worth $78,214,000 after purchasing an additional 2,296 shares during the last quarter. 68.65% of the stock is owned by institutional investors.

Boeing stock traded up $6.54 during trading hours on Thursday, reaching $326.96. 255,696 shares of the company’s stock traded hands, compared to its average volume of 4,922,259. 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 Co has a fifty-two week low of $292.47 and a fifty-two week high of $446.01. The company has a market cap of $187.31 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 10.14 and a beta of 1.27. The business’s 50 day moving average price is $352.61.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be given a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $8.22 dividend on an annualized basis and a yield of 2.51%. Boeing’s payout ratio is presently 51.34%.

BA has been the topic of several analyst reports. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Wolfe Research lowered shares of Boeing from an “outperform” rating to a “peer perform” rating and lowered their target price for the stock from $404.00 to $393.00 in a report on Thursday, July 25th. TheStreet downgraded shares of Boeing from an “a+” rating to a “c+” rating in a research report on Wednesday, April 24th. Credit Suisse Group reiterated a “buy” rating and set a $425.00 price target on shares of Boeing in a research report on Thursday, July 25th. Finally, Morgan Stanley set a $500.00 price target on shares of Boeing and gave the stock a “buy” rating in a research report on Friday, July 19th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $403.10.

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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