St. Louis Trust Co grew its holdings in shares of Boeing Co (NYSE:BA) by 28.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,063 shares of the aircraft producer’s stock after buying an additional 463 shares during the period. St. Louis Trust Co’s holdings in Boeing were worth $692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BA. Kessler Investment Group LLC purchased a new stake in Boeing in the second quarter worth $1,726,000. Truewealth LLC grew its stake in Boeing by 17.7% in the second quarter. Truewealth LLC now owns 1,624 shares of the aircraft producer’s stock worth $545,000 after purchasing an additional 244 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in Boeing by 5.1% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 62,862 shares of the aircraft producer’s stock worth $20,611,000 after purchasing an additional 3,035 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Boeing by 5.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,216,909 shares of the aircraft producer’s stock worth $399,000,000 after purchasing an additional 62,608 shares during the period. Finally, Mckinley Capital Management LLC Delaware grew its stake in Boeing by 163.3% in the second quarter. Mckinley Capital Management LLC Delaware now owns 19,877 shares of the aircraft producer’s stock worth $6,669,000 after purchasing an additional 12,327 shares during the period. 69.68% of the stock is currently owned by hedge funds and other institutional investors.

BA has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $410.00 price target on shares of Boeing in a research note on Sunday, July 29th. Goldman Sachs Group set a $375.00 price target on Boeing and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Credit Suisse Group reaffirmed a “buy” rating and issued a $455.00 price target on shares of Boeing in a research note on Thursday, July 26th. Berenberg Bank reaffirmed a “buy” rating and issued a $430.00 price target on shares of Boeing in a research note on Monday, September 3rd. Finally, UBS Group upped their price target on Boeing from $325.00 to $357.00 and gave the stock a “neutral” rating in a research note on Thursday, July 26th. Six analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $400.60.

Boeing stock opened at $372.23 on Friday. The company has a debt-to-equity ratio of -7.65, a quick ratio of 0.32 and a current ratio of 1.11. Boeing Co has a 12 month low of $251.17 and a 12 month high of $374.48. The firm has a market capitalization of $211.11 billion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 1.83 and a beta of 1.44.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Friday, August 10th were issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Thursday, August 9th. Boeing’s payout ratio is currently 56.81%.

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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