The Boeing Company (The) (BA) Position Maintained by Rowland & Co. Investment Counsel ADV

The Boeing Company (The) (BA) Position Maintained by Rowland & Co. Investment Counsel ADV

Rowland & Co. Investment Counsel ADV continued to hold its stake in shares of Boeing Company (The) (NYSE:BA) during the third quarter, Holdings Channel reports. The firm owned 2,322 shares of the aircraft producer’s stock at the end of the third quarter. Rowland & Co. Investment Counsel ADV’s holdings in Boeing Company (The) were worth $306,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Nelson Roberts Investment Advisors LLC raised its stake in shares of Boeing Company (The) by 23.7% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 940 shares of the aircraft producer’s stock valued at $122,000 after buying an additional 180 shares during the period. Van Hulzen Asset Management LLC raised its position in Boeing Company (The) by 11.1% in the second quarter. Van Hulzen Asset Management LLC now owns 1,000 shares of the aircraft producer’s stock worth $130,000 after buying an additional 100 shares during the last quarter. Cascade Investment Advisors Inc. acquired a new position in Boeing Company (The) during the second quarter worth $136,000. Reilly Financial Advisors LLC raised its position in Boeing Company (The) by 22.9% in the third quarter. Reilly Financial Advisors LLC now owns 1,034 shares of the aircraft producer’s stock worth $136,000 after buying an additional 193 shares during the last quarter. Finally, SevenBridge Financial Group LLC acquired a new position in Boeing Company (The) during the second quarter worth $142,000. Institutional investors and hedge funds own 72.77% of the company’s stock.

Shares of Boeing Company (NYSE:BA) traded up 0.41% during trading on Wednesday, reaching $158.32. 2,087,283 shares of the company’s stock were exchanged. The company’s 50-day moving average is $156.17 and its 200 day moving average is $140.34. The stock has a market capitalization of $97.71 billion, a PE ratio of 24.19 and a beta of 1.05. Boeing Company has a 52 week low of $102.10 and a 52 week high of $160.07.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 26th. The aircraft producer reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.89. The company had revenue of $23.90 billion for the quarter, compared to analyst estimates of $23.73 billion. Boeing Company (The) had a net margin of 4.52% and a return on equity of 126.01%. The business’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.52 earnings per share. On average, analysts forecast that Boeing Company will post $7.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 3rd. Stockholders of record on Friday, February 10th will be given a dividend of $1.42 per share. The ex-dividend date is Wednesday, February 8th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.59%. This is an increase from Boeing Company (The)’s previous quarterly dividend of $1.09. Boeing Company (The)’s dividend payout ratio (DPR) is presently 66.36%.

A number of equities analysts recently weighed in on BA shares. Jefferies Group restated a “buy” rating and set a $165.00 price target on shares of Boeing Company (The) in a research report on Thursday, September 22nd. Credit Suisse Group restated a “neutral” rating and set a $148.00 price target on shares of Boeing Company (The) in a research report on Friday, September 23rd. Zacks Investment Research upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Wednesday, September 28th. Robert W. Baird started coverage on shares of Boeing Company (The) in a research report on Wednesday, October 5th. They set an “outperform” rating and a $161.00 price target on the stock. Finally, Barclays PLC lowered their price target on shares of Boeing Company (The) from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, October 6th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $148.59.

In other news, EVP J Michael Luttig sold 200,754 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $142.46, for a total transaction of $28,599,414.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.58% of the company’s stock.

About Boeing Company (The)

The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.

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