A number of other large investors have also recently modified their holdings of the stock. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Boeing Company (The) during the fourth quarter worth $109,000. MCF Advisors LLC raised its position in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after buying an additional 62 shares during the last quarter. Gemmer Asset Management LLC raised its position in Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock worth $159,000 after buying an additional 302 shares during the last quarter. Pinnacle Bank bought a new position in Boeing Company (The) during the first quarter worth about $160,000. Finally, Taylor Wealth Management Partners raised its position in Boeing Company (The) by 61.6% in the first quarter. Taylor Wealth Management Partners now owns 918 shares of the aircraft producer’s stock worth $162,000 after buying an additional 350 shares during the last quarter. Institutional investors own 72.99% of the company’s stock.
Ashfield Capital Partners LLC boosted its position in shares of Boeing Company (The) (NYSE:BA) by 13.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,334 shares of the aircraft producer’s stock after buying an additional 1,311 shares during the period. Ashfield Capital Partners LLC’s holdings in Boeing Company (The) were worth $2,005,000 at the end of the most recent reporting period.
Shares of Boeing Company (NYSE:BA) opened at 239.44 on Wednesday. The stock has a 50 day moving average price of $207.88 and a 200 day moving average price of $185.18. The stock has a market capitalization of $141.53 billion, a P/E ratio of 20.98 and a beta of 1.16. Boeing Company has a 12 month low of $126.31 and a 12 month high of $246.49.
Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. Boeing Company (The)’s revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.44) earnings per share. On average, analysts anticipate that Boeing Company will post $9.80 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.37%. Boeing Company (The)’s payout ratio is 49.74%.
BA has been the topic of a number of recent research reports. Canaccord Genuity reissued a “hold” rating and issued a $215.00 target price (up previously from $200.00) on shares of Boeing Company (The) in a report on Sunday. Argus reissued a “buy” rating and issued a $270.00 target price on shares of Boeing Company (The) in a report on Tuesday. Buckingham Research raised Boeing Company (The) from an “underperform” rating to a “neutral” rating in a report on Friday, July 28th. Wells Fargo & Company reissued a “market perform” rating on shares of Boeing Company (The) in a report on Monday, July 10th. Finally, Vetr raised Boeing Company (The) from a “buy” rating to a “strong-buy” rating and set a $199.85 target price on the stock in a report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $222.59.
In other Boeing Company (The) news, SVP Timothy John Keating sold 32,500 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $184.51, for a total value of $5,996,575.00. Following the completion of the sale, the senior vice president now owns 107,437 shares of the company’s stock, valued at $19,823,200.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is currently owned by company insiders.
Boeing Company (The) Company Profile
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.
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