Boeing Co (NYSE:BA) Shares Acquired by Cobiz Wealth LLC

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Cobiz Wealth LLC boosted its position in shares of Boeing Co (NYSE:BA) by 9.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,417 shares of the aircraft producer’s stock after acquiring an additional 2,012 shares during the period. Boeing comprises 1.6% of Cobiz Wealth LLC’s investment portfolio, making the stock its 22nd biggest holding. Cobiz Wealth LLC’s holdings in Boeing were worth $8,160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BA. Nordea Investment Management AB boosted its holdings in shares of Boeing by 128.1% in the 1st quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after buying an additional 41 shares in the last quarter. Next Capital Management LLC acquired a new position in shares of Boeing in the 4th quarter valued at $32,000. Clarfeld Financial Advisors LLC acquired a new position in shares of Boeing in the 4th quarter valued at $40,000. 1 North Wealth Services LLC acquired a new position in shares of Boeing in the 4th quarter valued at $40,000. Finally, Semmax Financial Advisors Inc. acquired a new position in shares of Boeing in the 4th quarter valued at $45,000. Institutional investors own 68.65% of the company’s stock.

Shares of Boeing stock opened at $328.00 on Friday. The company has a market cap of $187.30 billion, a P/E ratio of 21.99, a PEG ratio of 10.14 and a beta of 1.27. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.03. Boeing Co has a one year low of $292.47 and a one year high of $446.01. The firm has a fifty day moving average of $351.59 and a two-hundred day moving average of $372.84.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, topping the Zacks’ consensus estimate of $1.85 by $1.07. The company 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%. Boeing’s quarterly revenue was down 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.33 EPS. As a group, equities analysts predict that Boeing Co will post 3.98 earnings per share for the current year.

The business also recently declared 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. The ex-dividend date is Thursday, August 8th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.51%. Boeing’s dividend payout ratio is presently 51.34%.

Several brokerages have recently issued reports on BA. Berenberg Bank restated a “buy” rating and issued a $400.00 target price on shares of Boeing in a report on Tuesday, August 6th. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Wolfe Research cut 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. Barclays cut 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. Finally, Bank of America set a $420.00 price target on shares of Boeing and gave the stock a “hold” rating in a research note on Thursday, June 27th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $403.10.

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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