180 Wealth Advisors LLC Has $5.10 Million Stock Holdings in Boeing Co (NYSE:BA)

180 Wealth Advisors LLC lowered its position in Boeing Co (NYSE:BA) by 7.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,606 shares of the aircraft producer’s stock after selling 1,130 shares during the period. Boeing comprises 2.3% of 180 Wealth Advisors LLC’s holdings, making the stock its 5th largest position. 180 Wealth Advisors LLC’s holdings in Boeing were worth $5,101,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BA. Claraphi Advisory Network LLC boosted its stake in shares of Boeing by 3.6% during the 2nd quarter. Claraphi Advisory Network LLC now owns 2,943 shares of the aircraft producer’s stock worth $1,071,000 after buying an additional 103 shares during the last quarter. Dupont Capital Management Corp boosted its stake in shares of Boeing by 0.3% during the 2nd quarter. Dupont Capital Management Corp now owns 45,420 shares of the aircraft producer’s stock worth $16,533,000 after buying an additional 125 shares during the last quarter. Corrado Advisors LLC boosted its stake in shares of Boeing by 4.1% during the 2nd quarter. Corrado Advisors LLC now owns 7,901 shares of the aircraft producer’s stock worth $2,876,000 after buying an additional 310 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Boeing by 1,405.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 30,830 shares of the aircraft producer’s stock worth $11,222,000 after buying an additional 28,782 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in shares of Boeing by 6.3% during the 2nd quarter. Greenleaf Trust now owns 5,782 shares of the aircraft producer’s stock worth $2,105,000 after buying an additional 342 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

A number of research firms have recently commented on BA. Goldman Sachs Group restated a “neutral” rating and set a $375.00 price objective on shares of Boeing in a research note on Friday, July 12th. Citigroup set a $430.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Monday, July 15th. Morgan Stanley set a $500.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Thursday, September 12th. Robert W. Baird downgraded shares of Boeing from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $445.00 to $342.00 in a research note on Monday. Finally, Jefferies Financial Group reduced their price objective 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. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $388.79.

Shares of NYSE:BA opened at $337.00 on Wednesday. Boeing Co has a 52-week low of $292.47 and a 52-week high of $446.01. The company has a market capitalization of $186.29 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 11.20 and a beta of 1.25. The company has a 50-day simple moving average of $371.21 and a 200 day simple moving average of $361.49. 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 (NYSE:BA) last issued its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $15.05 billion. During the same period last year, the business posted $3.33 EPS. Boeing’s revenue was down 35.1% on a year-over-year basis. As a group, equities analysts forecast that Boeing Co will post 3.26 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be issued a $2.055 dividend. This represents a $8.22 annualized dividend and a yield of 2.44%. Boeing’s dividend payout ratio is currently 51.34%.

Boeing Company 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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