Pettyjohn Wood & White Inc. lifted its holdings in Boeing Co (NYSE:BA) by 8.5% in the second quarter, HoldingsChannel reports. The firm owned 15,345 shares of the aircraft producer’s stock after buying an additional 1,203 shares during the quarter. Boeing makes up approximately 1.7% of Pettyjohn Wood & White Inc.’s holdings, making the stock its 21st biggest holding. Pettyjohn Wood & White Inc.’s holdings in Boeing were worth $5,586,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. NuWave Investment Management LLC lifted its stake in Boeing by 554.5% in the second quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Nordea Investment Management AB lifted its stake in Boeing by 128.1% in the first quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock worth $28,000 after acquiring an additional 41 shares during the last quarter. Guidant Wealth Advisors purchased a new position in Boeing in the second quarter worth approximately $28,000. Next Capital Management LLC purchased a new position in Boeing in the fourth quarter worth approximately $32,000. Finally, Clarfeld Financial Advisors LLC purchased a new position in Boeing in the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 68.65% of the company’s stock.
A number of research analysts recently issued reports on the stock. Credit Suisse Group reiterated a “buy” rating and issued a $425.00 price target on shares of Boeing in a research note on Thursday, July 25th. Wolfe Research downgraded shares of Boeing from an “outperform” rating to a “peer perform” rating and decreased their price target for the stock from $404.00 to $393.00 in a research note on Thursday, July 25th. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Zacks Investment Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 price target for the company in a research note on Monday, June 10th. Finally, Barclays downgraded shares of Boeing from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $417.00 to $367.00 in a research note on Tuesday, May 7th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. Boeing presently has an average rating of “Hold” and an average price target of $403.10.
Shares of NYSE:BA traded up $2.45 during trading on Friday, hitting $330.45. 3,825,900 shares of the company were exchanged, compared to its average volume of 5,015,406. The stock has a market capitalization of $185.95 billion, a P/E ratio of 20.64, a PEG ratio of 9.76 and a beta of 1.27. 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 12-month low of $292.47 and a 12-month high of $446.01. The firm’s 50 day moving average price is $350.82 and its 200-day moving average price is $372.62.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $1.85 by $1.07. The business had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The company’s revenue was down 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.33 EPS. As a group, equities research 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. Stockholders 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 annualized dividend and a dividend yield of 2.49%. Boeing’s dividend payout ratio is presently 51.34%.
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.
Featured Story: Coverage Ratio
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.