The Oakbrook Investments LLC Has $918,000 Position in Boeing Co (BA)

The Oakbrook Investments LLC Has $918,000 Position in Boeing Co (BA)

A number of other hedge funds have also modified their holdings of BA. Kernodle & Katon Asset Management Group LLC purchased a new stake in Boeing during the third quarter worth about $102,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Boeing during the fourth quarter worth about $106,000. Jackson Grant Investment Advisers Inc. increased its stake in Boeing by 124.9% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 830 shares of the aircraft producer’s stock worth $109,000 after buying an additional 461 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Boeing during the fourth quarter worth about $109,000. Finally, TLP Group LLC purchased a new stake in Boeing during the third quarter worth about $126,000. 74.66% of the stock is currently owned by institutional investors.

Oakbrook Investments LLC increased its stake in Boeing Co (NYSE:BA) by 18.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,193 shares of the aircraft producer’s stock after buying an additional 825 shares during the period. Oakbrook Investments LLC’s holdings in Boeing were worth $918,000 as of its most recent SEC filing.

Boeing Co (NYSE BA) opened at 190.23 on Monday. Boeing Co has a 52-week low of $122.35 and a 52-week high of $191.70. The company has a market capitalization of $114.82 billion, a price-to-earnings ratio of 23.44 and a beta of 1.08. The stock has a 50 day moving average price of $183.27 and a 200 day moving average price of $169.96.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.10. The firm had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.27 billion. Boeing had a return on equity of 239.48% and a net margin of 5.18%. Boeing’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.74 earnings per share. On average, equities analysts expect that Boeing Co will post $9.39 earnings per share for the current year. The firm also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Friday, May 12th were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Wednesday, May 10th. Boeing’s dividend payout ratio is currently 74.25%.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.10. The firm had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.27 billion. Boeing had a return on equity of 239.48% and a net margin of 5.18%. Boeing’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.74 earnings per share. On average, equities analysts expect that Boeing Co will post $9.39 earnings per share for the current year. A number of equities analysts have recently commented on BA shares. Morgan Stanley cut Boeing from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $185.00 to $190.00 in a report on Monday, March 13th. They noted that the move was a valuation call. Gabelli reiterated a “buy” rating on shares of Boeing in a report on Friday, April 7th. Deutsche Bank AG lifted their target price on Boeing from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, March 6th. Canaccord Genuity reiterated a “hold” rating and issued a $162.00 target price on shares of Boeing in a report on Friday, March 17th. Finally, Buckingham Research cut Boeing from a “neutral” rating to an “underperform” rating and set a $140.00 target price for the company. in a report on Monday, February 13th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $167.52.

In related news, EVP J Michael Luttig sold 7,986 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $183.78, for a total value of $1,467,667.08. Following the completion of the transaction, the executive vice president now owns 39,251 shares of the company’s stock, valued at $7,213,548.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy John Keating sold 32,500 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $184.51, for a total value of $5,996,575.00. Following the completion of the transaction, the senior vice president now directly owns 107,437 shares of the company’s stock, valued at approximately $19,823,200.87. The disclosure for this sale can be found here. Insiders sold 63,403 shares of company stock valued at $11,666,138 in the last three months. 0.58% of the stock is currently owned by company insiders. About Boeing

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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