Boeing Co (NYSE:BA) Shares Sold by Peachtree Investment Partners LLC

Peachtree Investment Partners LLC lowered its stake in shares of Boeing Co (NYSE:BA) by 11.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,878 shares of the aircraft producer’s stock after selling 1,793 shares during the quarter. Boeing comprises 4.0% of Peachtree Investment Partners LLC’s portfolio, making the stock its 6th largest position. Peachtree Investment Partners LLC’s holdings in Boeing were worth $5,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in BA. Thoroughbred Financial Services LLC lifted its position in Boeing by 36,928.2% during the second quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock valued at $623,555,000 after purchasing an additional 6,218,711 shares during the period. FMR LLC raised its position in Boeing by 26.5% in the first quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock worth $4,211,577,000 after acquiring an additional 2,311,630 shares during the period. Two Sigma Advisers LP raised its position in Boeing by 33.6% in the fourth quarter. Two Sigma Advisers LP now owns 995,560 shares of the aircraft producer’s stock worth $321,068,000 after acquiring an additional 250,600 shares during the period. Jennison Associates LLC raised its position in Boeing by 3.2% in the fourth quarter. Jennison Associates LLC now owns 7,817,279 shares of the aircraft producer’s stock worth $2,521,073,000 after acquiring an additional 245,100 shares during the period. Finally, Mackay Shields LLC bought a new position in Boeing in the fourth quarter worth approximately $77,540,000. Institutional investors own 67.81% of the company’s stock.

Shares of Boeing stock opened at $339.99 on Thursday. The firm’s 50 day moving average price is $348.13 and its 200-day moving average price is $371.50. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. Boeing Co has a 52-week low of $292.47 and a 52-week high of $446.01. The company has a market cap of $187.82 billion, a P/E ratio of 21.24, a PEG ratio of 9.88 and a beta of 1.27.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.85 by $1.07. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The business had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.05 billion. During the same quarter in the prior year, the firm earned $3.33 earnings per share. The company’s revenue for the quarter was down 35.1% compared to the same quarter last year. As a group, equities research analysts forecast that Boeing Co will post 4.09 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be issued a $2.055 dividend. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, August 8th. Boeing’s dividend payout ratio is currently 51.34%.

A number of analysts have recently issued reports on the stock. Barclays cut shares of Boeing from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $417.00 to $367.00 in a research note on Tuesday, May 7th. Buckingham Research raised their target price on shares of Boeing from $370.00 to $395.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. TheStreet cut shares of Boeing from an “a+” rating to a “c+” rating in a research note on Wednesday, April 24th. Citigroup set a $430.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Morgan Stanley set a $500.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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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