Boeing Co (NYSE:BA) Shares Acquired by Sonata Capital Group Inc.

Sonata Capital Group Inc. grew its stake in Boeing Co (NYSE:BA) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,755 shares of the aircraft producer’s stock after buying an additional 186 shares during the quarter. Boeing accounts for about 1.2% of Sonata Capital Group Inc.’s portfolio, making the stock its 22nd largest holding. Sonata Capital Group Inc.’s holdings in Boeing were worth $1,731,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of BA. FMR LLC raised its holdings in Boeing by 26.5% in the 1st quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock worth $4,211,577,000 after purchasing an additional 2,311,630 shares during the period. Geode Capital Management LLC increased its stake in Boeing by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 6,262,103 shares of the aircraft producer’s stock worth $2,015,856,000 after buying an additional 214,945 shares in the last quarter. Thoroughbred Financial Services LLC increased its stake in Boeing by 36,928.2% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock worth $623,555,000 after buying an additional 6,218,711 shares in the last quarter. Janus Henderson Group PLC increased its stake in Boeing by 0.4% during the 2nd quarter. Janus Henderson Group PLC now owns 5,575,193 shares of the aircraft producer’s stock worth $2,029,440,000 after buying an additional 21,663 shares in the last quarter. Finally, TD Asset Management Inc. increased its stake in Boeing by 5.2% during the 2nd quarter. TD Asset Management Inc. now owns 1,301,381 shares of the aircraft producer’s stock worth $473,715,000 after buying an additional 64,440 shares in the last quarter. 67.81% of the stock is owned by institutional investors and hedge funds.

BA has been the subject of several research reports. Credit Suisse Group reiterated a “buy” rating and set a $425.00 price objective on shares of Boeing in a research note on Thursday, July 25th. Wolfe Research lowered Boeing from an “outperform” rating to a “peer perform” rating and cut their price objective for the stock from $404.00 to $393.00 in a research note on Thursday, July 25th. Bank of America set a $420.00 price objective on Boeing and gave the stock a “hold” rating in a research note on Thursday, June 27th. Canaccord Genuity set a $380.00 price objective on Boeing and gave the stock a “hold” rating in a research note on Friday, July 19th. Finally, Berenberg Bank reiterated a “buy” rating and set a $400.00 price objective on shares of Boeing in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $403.10.

Shares of BA stock traded up $9.48 during trading hours on Wednesday, reaching $341.23. The company had a trading volume of 1,834,625 shares, compared to its average volume of 4,738,884. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.03. The stock has a fifty day moving average of $348.42 and a 200-day moving average of $371.73. The company has a market capitalization of $185.95 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 9.78 and a beta of 1.27. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be given a $2.055 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $8.22 annualized dividend and a yield of 2.41%. Boeing’s payout ratio is 51.34%.

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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