TRUE Private Wealth Advisors Sells 546 Shares of Boeing Co (NYSE:BA)

TRUE Private Wealth Advisors decreased its stake in Boeing Co (NYSE:BA) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,524 shares of the aircraft producer’s stock after selling 546 shares during the period. Boeing comprises about 0.6% of TRUE Private Wealth Advisors’ holdings, making the stock its 24th largest holding. TRUE Private Wealth Advisors’ holdings in Boeing were worth $3,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its stake in Boeing by 1.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,851 shares of the aircraft producer’s stock worth $919,000 after buying an additional 29 shares during the last quarter. Cardan Capital Partners LLC raised its stake in Boeing by 1.9% during the first quarter. Cardan Capital Partners LLC now owns 1,607 shares of the aircraft producer’s stock worth $613,000 after buying an additional 30 shares during the last quarter. Haverford Trust Co. raised its stake in Boeing by 0.4% during the fourth quarter. Haverford Trust Co. now owns 7,096 shares of the aircraft producer’s stock worth $2,288,000 after buying an additional 31 shares during the last quarter. Apriem Advisors raised its stake in Boeing by 1.3% during the fourth quarter. Apriem Advisors now owns 2,459 shares of the aircraft producer’s stock worth $793,000 after buying an additional 31 shares during the last quarter. Finally, CFO4Life Group LLC raised its stake in Boeing by 5.2% during the second quarter. CFO4Life Group LLC now owns 627 shares of the aircraft producer’s stock worth $228,000 after buying an additional 31 shares during the last quarter. 68.65% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on BA. Jefferies Financial Group lowered their target price on shares of Boeing from $448.00 to $420.00 and set a “buy” rating for the company in a research note on Friday, July 19th. TheStreet downgraded shares of Boeing from an “a+” rating to a “c+” rating in a research note on Wednesday, April 24th. UBS Group reissued a “buy” rating and set a $480.00 target price (down previously from $500.00) on shares of Boeing in a research note on Wednesday, July 10th. Canaccord Genuity set a $380.00 price target on shares of Boeing and gave the stock a “hold” rating in a report on Friday, July 19th. Finally, Buckingham Research raised their price target on shares of Boeing from $370.00 to $395.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $403.10.

NYSE:BA traded down $8.70 during trading hours on Wednesday, reaching $324.24. The company had a trading volume of 1,331,918 shares, compared to its average volume of 5,751,727. The company has a market capitalization of $189.94 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 10.29 and a beta of 1.27. The stock has a 50-day moving average price of $353.54. Boeing Co has a twelve month low of $292.47 and a twelve month high of $446.01. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98.

Boeing (NYSE:BA) last issued its quarterly earnings data 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. The firm had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The business’s revenue was down 35.1% on a year-over-year basis. During the same period last year, the company earned $3.33 earnings per share. As a group, equities analysts predict that Boeing Co will post 3.98 EPS for the current year.

The firm 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 dividend of $2.055 per share. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, August 8th. Boeing’s dividend payout ratio is currently 51.34%.

Boeing 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.

Further Reading: Market Capitalization – What it Means for Investors

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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