Boyd Watterson Asset Management LLC OH Acquires 129 Shares of Boeing Co (NYSE:BA)

Boyd Watterson Asset Management LLC OH grew its position in shares of Boeing Co (NYSE:BA) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,030 shares of the aircraft producer’s stock after purchasing an additional 129 shares during the quarter. Boeing makes up about 2.9% of Boyd Watterson Asset Management LLC OH’s portfolio, making the stock its 4th biggest holding. Boyd Watterson Asset Management LLC OH’s holdings in Boeing were worth $4,588,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BA. Massmutual Trust Co. FSB ADV boosted its position in shares of Boeing by 1.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 2,851 shares of the aircraft producer’s stock valued at $919,000 after acquiring an additional 29 shares during the last quarter. Howe & Rusling Inc. boosted its position in shares of Boeing by 1.3% during the 4th quarter. Howe & Rusling Inc. now owns 2,416 shares of the aircraft producer’s stock valued at $779,000 after acquiring an additional 31 shares during the last quarter. Haverford Trust Co. boosted its position in shares of Boeing by 0.4% during the 4th quarter. Haverford Trust Co. now owns 7,096 shares of the aircraft producer’s stock valued at $2,288,000 after acquiring an additional 31 shares during the last quarter. Apriem Advisors boosted its position in shares of Boeing by 1.3% during the 4th quarter. Apriem Advisors now owns 2,459 shares of the aircraft producer’s stock valued at $793,000 after acquiring an additional 31 shares during the last quarter. Finally, Spectrum Management Group Inc. boosted its position in shares of Boeing by 0.3% during the 4th quarter. Spectrum Management Group Inc. now owns 13,140 shares of the aircraft producer’s stock valued at $4,238,000 after acquiring an additional 33 shares during the last quarter. 67.99% of the stock is owned by hedge funds and other institutional investors.

BA has been the topic of several research analyst reports. Argus boosted their price objective on shares of Boeing from $420.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, March 7th. UBS Group set a $525.00 price objective on shares of Boeing and gave the company a “buy” rating in a report on Friday, March 8th. DZ Bank restated a “sell” rating on shares of Boeing in a report on Monday, March 11th. Edward Jones lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Finally, Nord/LB reiterated a “sell” rating and set a $300.00 price target on shares of Boeing in a research note on Wednesday, March 13th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $407.40.

Shares of BA stock traded down $7.55 during trading hours on Monday, reaching $356.46. 5,987,800 shares of the stock were exchanged, compared to its average volume of 6,045,634. The stock has a fifty day moving average price of $355.23. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.07 and a quick ratio of 0.29. The stock has a market cap of $204.80 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.27 and a beta of 1.30. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.11 by $0.05. The business had revenue of $22.92 billion during the quarter, compared to analyst estimates of $23.04 billion. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $3.64 earnings per share. As a group, research analysts predict that Boeing Co will post 14.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be issued a $2.055 dividend. This represents a $8.22 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, August 8th. Boeing’s payout ratio is currently 51.34%.

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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