Meyer Handelman Co. Has $16,004,000 Position in Boeing Company (The) (NYSE:BA)

Meyer Handelman Co. continued to hold its stake in Boeing Company (The) (NYSE:BA) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 80,933 shares of the aircraft producer’s stock at the end of the second quarter. Meyer Handelman Co.’s holdings in Boeing Company (The) were worth $16,004,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Boeing Company (The) by 66.5% in the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock worth $464,732,000 after buying an additional 1,049,546 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Boeing Company (The) by 30.6% in the first quarter. Bank of Montreal Can now owns 2,968,297 shares of the aircraft producer’s stock worth $524,974,000 after buying an additional 694,658 shares in the last quarter. Swiss National Bank raised its stake in shares of Boeing Company (The) by 25.2% in the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock worth $367,407,000 after buying an additional 418,500 shares in the last quarter. Bank of Nova Scotia raised its stake in shares of Boeing Company (The) by 181.0% in the first quarter. Bank of Nova Scotia now owns 609,760 shares of the aircraft producer’s stock worth $107,843,000 after buying an additional 392,786 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Boeing Company (The) by 11.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock worth $520,517,000 after buying an additional 308,976 shares in the last quarter. 74.47% of the stock is owned by institutional investors and hedge funds.

Shares of Boeing Company (NYSE:BA) traded up 0.86% during mid-day trading on Friday, reaching $234.88. 3,461,663 shares of the company traded hands. The company has a market capitalization of $138.83 billion, a P/E ratio of 20.58 and a beta of 1.16. The firm’s 50 day moving average price is $217.15 and its 200-day moving average price is $189.10. Boeing Company has a 52-week low of $126.31 and a 52-week high of $246.49.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the consensus estimate of $2.32 by $0.23. The firm had revenue of $22.74 billion for the quarter, compared to analyst estimates 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 for the quarter was down 8.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.44) EPS. Equities analysts predict that Boeing Company will post $9.95 earnings per share for the current fiscal year.

The business also recently declared 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. This represents a $5.68 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.

COPYRIGHT VIOLATION NOTICE: “Meyer Handelman Co. Has $16,004,000 Position in Boeing Company (The) (NYSE:BA)” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://stocknewstimes.com/2017/08/12/meyer-handelman-co-has-16004000-position-in-boeing-company-the-nyseba.html.

A number of equities research analysts recently issued reports on BA shares. Canaccord Genuity reissued a “hold” rating and issued a $215.00 price objective (up previously from $200.00) on shares of Boeing Company (The) in a report on Sunday, July 30th. Argus reissued a “buy” rating and issued a $270.00 price objective on shares of Boeing Company (The) in a report on Tuesday, August 1st. Buckingham Research raised shares of Boeing Company (The) from an “underperform” rating to a “neutral” rating in a report on Friday, July 28th. Vetr raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price objective for the company in a report on Monday, August 7th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Boeing Company (The) in a report on Monday, July 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $228.31.

In related news, SVP Heidi B. Capozzi sold 4,217 shares of the business’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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The disclosure for this sale can be found here. Insiders have sold a total of 83,468 shares of company stock worth $20,353,814 over the last three months. 0.28% of the stock is currently owned by corporate 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.

Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

Receive News & Ratings for Boeing Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply