West Branch Capital LLC grew its stake in shares of Boeing Co (NYSE:BA) by 28.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,823 shares of the aircraft producer’s stock after purchasing an additional 2,807 shares during the quarter. Boeing comprises about 3.4% of West Branch Capital LLC’s portfolio, making the stock its 5th biggest holding. West Branch Capital LLC’s holdings in Boeing were worth $4,302,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Summit Trail Advisors LLC increased its holdings in shares of Boeing by 33,457.1% during the 1st quarter. Summit Trail Advisors LLC now owns 3,700,676 shares of the aircraft producer’s stock worth $3,701,000 after acquiring an additional 3,689,648 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Boeing by 1.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 3,427,749 shares of the aircraft producer’s stock worth $1,010,877,000 after acquiring an additional 41,260 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of Boeing by 33,433.9% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 2,409,747 shares of the aircraft producer’s stock worth $7,169,000 after acquiring an additional 2,402,561 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Boeing by 5.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,064,080 shares of the aircraft producer’s stock worth $692,519,000 after acquiring an additional 103,855 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Boeing by 9.4% during the 1st quarter. Franklin Resources Inc. now owns 1,737,835 shares of the aircraft producer’s stock worth $569,805,000 after acquiring an additional 149,556 shares during the last quarter. 69.74% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on BA shares. Buckingham Research boosted their target price on Boeing from $289.00 to $324.00 and gave the stock a “hold” rating in a report on Monday, June 4th. Zacks Investment Research lowered Boeing from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 12th. Cowen reissued a “buy” rating and set a $430.00 target price on shares of Boeing in a report on Friday, July 13th. Canaccord Genuity reissued a “hold” rating and set a $350.00 target price on shares of Boeing in a report on Tuesday, July 24th. Finally, Goldman Sachs Group set a $375.00 target price on Boeing and gave the stock a “neutral” rating in a report on Wednesday, July 25th. Seven analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Boeing presently has an average rating of “Buy” and a consensus target price of $396.41.

BA opened at $353.41 on Thursday. The firm has a market capitalization of $198.35 billion, a P/E ratio of 23.83, a PEG ratio of 1.72 and a beta of 1.44. Boeing Co has a 1 year low of $237.09 and a 1 year high of $374.48. The company has a quick ratio of 0.32, a current ratio of 1.11 and a debt-to-equity ratio of -7.65.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by ($0.12). The firm had revenue of $24.26 billion during the quarter, compared to the consensus estimate of $24.02 billion. Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.55 earnings per share. research analysts expect that Boeing Co will post 14.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Friday, August 10th were paid a $1.71 dividend. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $6.84 annualized dividend and a yield of 1.94%. Boeing’s dividend payout ratio (DPR) is presently 56.81%.

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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