Modera Wealth Management LLC raised its stake in shares of Boeing Co. (NYSE:BA) by 20.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,895 shares of the aircraft producer’s stock after buying an additional 650 shares during the period. Modera Wealth Management LLC’s holdings in Boeing were worth $506,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Boeing during the second quarter worth about $168,000. CWM LLC raised its position in shares of Boeing by 23.6% in the second quarter. CWM LLC now owns 1,477 shares of the aircraft producer’s stock worth $192,000 after buying an additional 282 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of Boeing by 82.1% in the first quarter. Loomis Sayles & Co. L P now owns 1,513 shares of the aircraft producer’s stock worth $192,000 after buying an additional 682 shares during the last quarter. Hudock Capital Group LLC raised its position in shares of Boeing by 4.2% in the second quarter. Hudock Capital Group LLC now owns 1,553 shares of the aircraft producer’s stock worth $201,000 after buying an additional 62 shares during the last quarter. Finally, Arcus Capital Partners LLC raised its position in shares of Boeing by 0.8% in the second quarter. Arcus Capital Partners LLC now owns 1,590 shares of the aircraft producer’s stock worth $207,000 after buying an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 75.46% of the company’s stock.
Boeing Co. (NYSE:BA) traded up 0.77% during midday trading on Thursday, reaching $131.57. The company had a trading volume of 1,431,803 shares. Boeing Co. has a one year low of $102.10 and a one year high of $150.59. The firm has a market capitalization of $82.08 billion, a P/E ratio of 23.68 and a beta of 1.06. The stock’s 50 day moving average price is $131.65 and its 200-day moving average price is $130.70.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.92) by $0.48. The firm earned $24.80 million during the quarter, compared to analyst estimates of $23.22 million. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.62 EPS. On average, equities research analysts anticipate that Boeing Co. will post $6.30 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 12th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Wednesday, August 10th. Boeing’s payout ratio is presently 80.15%.
A number of brokerages have issued reports on BA. Goldman Sachs Group Inc. set a $101.00 price target on Boeing and gave the company a “sell” rating in a research note on Tuesday, May 31st. Jefferies Group reaffirmed a “buy” rating on shares of Boeing in a research note on Tuesday, May 31st. Vetr raised Boeing from a “sell” rating to a “hold” rating and set a $129.80 price objective for the company in a research note on Monday, July 25th. Deutsche Bank AG reissued a “buy” rating and set a $160.00 price objective on shares of Boeing in a research note on Wednesday, June 1st. Finally, Canaccord Genuity raised their price objective on Boeing from $140.00 to $144.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. Boeing presently has an average rating of “Hold” and a consensus target price of $147.23.
In other Boeing news, Director Randall L. Stephenson purchased 1,871 shares of the business’s stock in a transaction on Monday, August 1st. The shares were purchased at an average cost of $133.89 per share, with a total value of $250,508.19. Following the transaction, the director now directly owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Diana L. Sands sold 14,151 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $133.06, for a total transaction of $1,882,932.06. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by corporate insiders.
Boeing Company Profile
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
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