Cedar Capital LLC bought a new stake in shares of Boeing Company (The) (NYSE:BA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,329 shares of the aircraft producer’s stock, valued at approximately $235,000.
Other large investors have also recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Boeing Company (The) during the fourth quarter valued at $109,000. MCF Advisors LLC increased its stake in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares during the last quarter. Gemmer Asset Management LLC increased its stake 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 valued at $159,000 after buying an additional 302 shares during the last quarter. Pinnacle Bank bought a new stake in Boeing Company (The) during the first quarter valued at approximately $160,000. Finally, Taylor Wealth Management Partners increased its stake 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 valued at $162,000 after buying an additional 350 shares during the last quarter. Institutional investors own 73.02% of the company’s stock.
Boeing Company (NYSE BA) opened at 212.14 on Friday. The company’s 50-day moving average is $198.65 and its 200-day moving average is $180.89. The firm has a market capitalization of $128.04 billion, a price-to-earnings ratio of 26.14 and a beta of 1.12. Boeing Company has a 52-week low of $126.31 and a 52-week high of $212.20.
Boeing Company (The) (NYSE:BA) last posted its earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.10. Boeing Company (The) had a net margin of 5.52% and a return on equity of 495.68%. The firm had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.27 billion. During the same period last year, the firm posted $1.74 EPS. The firm’s revenue for the quarter was down 7.3% on a year-over-year basis. Equities analysts predict that Boeing Company will post $9.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $5.68 annualized dividend and a yield of 2.68%. Boeing Company (The)’s dividend payout ratio (DPR) is currently 69.61%.
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Several research firms have recently commented on BA. Zacks Investment Research downgraded shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Vetr downgraded shares of Boeing Company (The) from a “buy” rating to a “hold” rating and set a $205.82 price objective for the company. in a research note on Tuesday, July 4th. ValuEngine upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Barclays PLC lifted their price objective on shares of Boeing Company (The) from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, May 22nd. Finally, Gabelli reiterated a “buy” rating on shares of Boeing Company (The) in a research note on Friday, April 7th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $187.47.
In other Boeing Company (The) news, EVP J Michael Luttig sold 7,986 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $183.78, for a total transaction of $1,467,667.08. Following the completion of the transaction, the executive vice president now directly owns 39,251 shares in the company, valued at approximately $7,213,548.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Timothy John Keating sold 32,500 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $184.51, for a total transaction of $5,996,575.00. Following the transaction, the senior vice president now owns 107,437 shares of the company’s stock, valued at $19,823,200.87. The disclosure for this sale can be found here. Insiders have sold a total of 63,403 shares of company stock valued at $11,666,138 over the last 90 days. 0.28% of the stock is currently owned by 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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