Dixon Hubard Feinour & Brown Inc. VA acquired a new position in Boeing Company (The) (NYSE:BA) during the second quarter, Holdings Channel reports. The institutional investor acquired 1,093 shares of the aircraft producer’s stock, valued at approximately $216,000.
A number of other large investors have also recently made changes to their positions in BA. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Boeing Company (The) during the fourth quarter worth about $109,000. Proficio Capital Partners LLC increased its stake in shares of Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after buying an additional 402 shares during the last quarter. MCF Advisors LLC increased its stake in shares of 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. SRS Capital Advisors Inc. increased its stake in shares of Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after buying an additional 107 shares during the last quarter. Finally, Gemmer Asset Management LLC increased its stake in shares of 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. Hedge funds and other institutional investors own 73.02% of the company’s stock.
Shares of Boeing Company (BA) opened at 212.14 on Friday. Boeing Company has a 52-week low of $126.31 and a 52-week high of $212.20. The firm’s 50-day moving average is $198.65 and its 200-day moving average is $180.89. The firm has a market cap of $128.04 billion, a P/E ratio of 26.14 and a beta of 1.12.
Boeing Company (The) (NYSE:BA) last announced its quarterly earnings data 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 return on equity of 495.68% and a net margin of 5.52%. The firm had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.27 billion. During the same quarter in the previous year, the company posted $1.74 earnings per share. The business’s revenue was down 7.3% on a year-over-year basis. Analysts anticipate that Boeing Company will post $9.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a $1.42 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 annualized dividend and a yield of 2.68%. Boeing Company (The)’s payout ratio is currently 69.61%.
A number of brokerages have issued reports 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 on the stock. 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 increased 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 issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $187.47.
In other Boeing Company (The) news, EVP Leanne G. Caret sold 2,400 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $182.73, for a total value of $438,552.00. Following the completion of the sale, the executive vice president now owns 44,710 shares in the company, valued at $8,169,858.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP J Michael Luttig sold 7,986 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $183.78, for a total value of $1,467,667.08. Following the completion of the sale, the executive vice president now owns 39,251 shares of the company’s stock, valued at approximately $7,213,548.78. 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 quarter. Corporate insiders own 0.28% of the company’s stock.
About Boeing Company (The)
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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