YorkBridge Wealth Partners LLC reduced its stake in Boeing Company (The) (NYSE:BA) by 2.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,168 shares of the aircraft producer’s stock after selling 30 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Boeing Company (The) were worth $214,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in BA. FormulaFolio Investments LLC boosted its stake in Boeing Company (The) by 64.4% in the first quarter. FormulaFolio Investments LLC now owns 2,856 shares of the aircraft producer’s stock valued at $505,000 after buying an additional 1,119 shares during the period. Karp Capital Management Corp acquired a new stake in Boeing Company (The) during the first quarter valued at $43,336,000. Lincoln National Corp boosted its stake in Boeing Company (The) by 18.7% in the first quarter. Lincoln National Corp now owns 3,771 shares of the aircraft producer’s stock valued at $667,000 after buying an additional 594 shares during the period. Investment Partners Ltd. OH ADV boosted its stake in Boeing Company (The) by 1.1% in the first quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock valued at $1,274,000 after buying an additional 79 shares during the period. Finally, Lbmc Investment Advisors LLC boosted its stake in Boeing Company (The) by 1.2% in the first quarter. Lbmc Investment Advisors LLC now owns 6,983 shares of the aircraft producer’s stock valued at $1,235,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 72.99% of the company’s stock.
Shares of Boeing Company (NYSE BA) opened at 237.71 on Friday. The company has a market capitalization of $140.51 billion, a PE ratio of 20.83 and a beta of 1.16. Boeing Company has a 52 week low of $126.31 and a 52 week high of $246.49. The firm’s 50-day moving average price is $207.88 and its 200 day moving average price is $185.18.
Boeing Company (The) (NYSE:BA) last released its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. During the same period last year, the company posted ($0.44) EPS. The business’s revenue was down 8.1% on a year-over-year basis. Equities analysts predict that Boeing Company will post $9.95 EPS 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 paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio (DPR) is 49.74%.
Several research firms have weighed in on BA. Zacks Investment Research cut Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Friday. UBS AG raised their target price on Boeing Company (The) from $180.00 to $253.00 and gave the company a “neutral” rating in a research note on Friday. Vetr cut Boeing Company (The) from a “buy” rating to a “hold” rating and set a $241.25 target price for the company. in a research note on Wednesday. Argus reiterated a “buy” rating and set a $270.00 price objective on shares of Boeing Company (The) in a research note on Tuesday, August 1st. Finally, J P Morgan Chase & Co lifted their price objective on Boeing Company (The) from $20.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, twelve 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 $227.80.
In other Boeing Company (The) news, CFO Gregory D. Smith sold 19,757 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $245.42, for a total value of $4,848,762.94. Following the transaction, the chief financial officer now directly owns 152,195 shares of the company’s stock, valued at approximately $37,351,696.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Heidi B. Capozzi sold 4,217 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total transaction of $1,018,447.67. The disclosure for this sale can be found here. Insiders sold a total of 83,334 shares of company stock worth $20,321,493 over the last three months. 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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