Private Wealth Partners LLC Lowers Holdings in Boeing Co (BA)

Private Wealth Partners LLC reduced its holdings in shares of Boeing Co (NYSE:BA) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 50,403 shares of the aircraft producer’s stock after selling 565 shares during the period. Boeing makes up 2.8% of Private Wealth Partners LLC’s investment portfolio, making the stock its 8th largest holding. Private Wealth Partners LLC’s holdings in Boeing were worth $16,911,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. CSat Investment Advisory L.P. purchased a new stake in shares of Boeing in the second quarter valued at about $101,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of Boeing by 220.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock valued at $105,000 after acquiring an additional 220 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of Boeing in the first quarter valued at about $108,000. Icon Wealth Partners LLC acquired a new stake in shares of Boeing in the second quarter valued at about $125,000. Finally, Lucia Wealth Services LLC acquired a new stake in shares of Boeing in the first quarter valued at about $126,000. 69.56% of the stock is currently owned by institutional investors.

Shares of BA opened at $335.59 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 1.10 and a debt-to-equity ratio of 8.07. The stock has a market cap of $204.02 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. Boeing Co has a 12-month low of $255.33 and a 12-month high of $394.28.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.11. The company had revenue of $25.15 billion during the quarter, compared to analysts’ expectations of $23.84 billion. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.72 earnings per share. As a group, research analysts anticipate that Boeing Co will post 15.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, November 8th. Boeing’s payout ratio is currently 56.81%.

BA has been the subject of several recent analyst reports. Credit Suisse Group reiterated a “buy” rating and issued a $455.00 price objective on shares of Boeing in a research note on Thursday, July 26th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $400.00 price objective on shares of Boeing in a research note on Thursday, July 26th. Berenberg Bank reiterated a “buy” rating and issued a $430.00 price objective on shares of Boeing in a research note on Monday, September 3rd. UBS Group initiated coverage on shares of Boeing in a research note on Wednesday, August 15th. They issued a “buy” rating and a $515.00 price objective for the company. Finally, Robert W. Baird reiterated a “buy” rating and issued a $450.00 price objective on shares of Boeing in a research note on Monday, August 13th. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $410.21.

About Boeing

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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