Aberdeen Asset Management PLC UK increased its position in shares of Boeing Company (The) (NYSE:BA) by 2.4% during the first quarter, Holdings Channel reports. The firm owned 297,500 shares of the aircraft producer’s stock after buying an additional 7,085 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Boeing Company (The) were worth $52,616,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the stock. Peapack Gladstone Financial Corp increased its stake in shares of Boeing Company (The) by 3.3% in the first quarter. Peapack Gladstone Financial Corp now owns 70,685 shares of the aircraft producer’s stock worth $12,501,000 after buying an additional 2,255 shares during the period. South Texas Money Management Ltd. increased its stake in shares of Boeing Company (The) by 2.3% in the first quarter. South Texas Money Management Ltd. now owns 3,075 shares of the aircraft producer’s stock worth $544,000 after buying an additional 68 shares during the period. Bank Hapoalim BM bought a new stake in shares of Boeing Company (The) during the first quarter worth about $209,000. Buckingham Capital Management Inc. increased its stake in shares of Boeing Company (The) by 1.9% in the first quarter. Buckingham Capital Management Inc. now owns 30,334 shares of the aircraft producer’s stock worth $5,365,000 after buying an additional 560 shares during the period. Finally, Trust Co. of Toledo NA OH increased its stake in shares of Boeing Company (The) by 12.7% in the first quarter. Trust Co. of Toledo NA OH now owns 5,390 shares of the aircraft producer’s stock worth $954,000 after buying an additional 606 shares during the period. Institutional investors and hedge funds own 74.47% of the company’s stock.
Shares of Boeing Company (NYSE BA) opened at 237.71 on Monday. The company has a market cap of $140.51 billion, a PE ratio of 20.83 and a beta of 1.16. The firm’s 50-day moving average price is $207.88 and its 200 day moving average price is $185.18. Boeing Company has a 12 month low of $126.31 and a 12 month high of $246.49.
Boeing Company (The) (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. During the same quarter in the prior year, the company earned ($0.44) earnings per share. The company’s revenue was down 8.1% on a year-over-year basis. Equities research analysts anticipate that Boeing Company will post $9.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio is currently 49.74%.
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A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Friday. UBS AG upped their price objective on Boeing Company (The) from $180.00 to $253.00 and gave the company a “neutral” rating in a research report on Friday. Vetr downgraded Boeing Company (The) from a “buy” rating to a “hold” rating and set a $241.25 price objective on the stock. in a research report on Wednesday, August 2nd. Argus restated a “buy” rating and set a $270.00 price objective on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Finally, J P Morgan Chase & Co upped their price objective on Boeing Company (The) from $20.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. Boeing Company (The) currently has a consensus rating of “Hold” and a consensus target price of $227.80.
In related news, CFO Gregory D. Smith sold 19,757 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the completion of the transaction, the chief financial officer now owns 152,195 shares in the company, valued at $37,351,696.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the transaction, the chairman now owns 127,778 shares of the company’s stock, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. Insiders have sold 83,334 shares of company stock worth $20,321,493 in the last ninety days. Corporate insiders own 0.28% of the company’s stock.
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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