Boeing Co (BA) Shares Bought by Telemus Capital LLC

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Telemus Capital LLC raised its position in Boeing Co (NYSE:BA) by 8.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,618 shares of the aircraft producer’s stock after buying an additional 608 shares during the period. Telemus Capital LLC’s holdings in Boeing were worth $2,556,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Boeing by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 5,811,840 shares of the aircraft producer’s stock worth $1,710,303,000 after purchasing an additional 296,949 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of Boeing by 33,457.1% during the 1st quarter. Summit Trail Advisors LLC now owns 3,700,676 shares of the aircraft producer’s stock worth $3,701,000 after purchasing an additional 3,689,648 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of Boeing by 1.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 3,427,749 shares of the aircraft producer’s stock worth $1,010,877,000 after purchasing an additional 41,260 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of Boeing by 33,433.9% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 2,409,747 shares of the aircraft producer’s stock worth $7,169,000 after purchasing an additional 2,402,561 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Boeing by 1.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,960,225 shares of the aircraft producer’s stock worth $642,719,000 after purchasing an additional 30,696 shares during the last quarter. Institutional investors own 69.74% of the company’s stock.

Shares of NYSE BA opened at $346.25 on Wednesday. The company has a market capitalization of $196.94 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 1.70 and a beta of 1.45. The company has a debt-to-equity ratio of -7.65, a quick ratio of 0.32 and a current ratio of 1.11. Boeing Co has a 52-week low of $234.29 and a 52-week high of $374.48.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.12). The firm had revenue of $24.26 billion during the quarter, compared to analysts’ expectations of $24.02 billion. Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.55 EPS. analysts predict that Boeing Co will post 14.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 10th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, August 9th. Boeing’s dividend payout ratio is currently 56.81%.

Several research firms have recently commented on BA. ValuEngine lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $400.00 price target on shares of Boeing in a research report on Thursday, July 26th. UBS Group began coverage on shares of Boeing in a research report on Wednesday, August 15th. They set a “buy” rating and a $515.00 price target on the stock. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $393.00 price target on the stock in a research report on Monday, July 16th. Finally, Cowen reaffirmed a “buy” rating and set a $430.00 price target on shares of Boeing in a research report on Wednesday, July 25th. Seven research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $396.41.

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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