Dynamic Technology Lab Private Ltd Purchases New Position in Boeing Company (The) (BA)

Dynamic Technology Lab Private Ltd acquired a new position in Boeing Company (The) (NYSE:BA) during the first quarter, according to its most recent disclosure with the SEC. The firm acquired 1,200 shares of the aircraft producer’s stock, valued at approximately $212,000.

A number of other hedge funds have also recently made changes to their positions in BA. GWM Advisors LLC boosted its position in shares of Boeing Company (The) by 0.6% in the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after buying an additional 8 shares during the period. Howe & Rusling Inc. boosted its position in shares of Boeing Company (The) by 0.3% in the first quarter. Howe & Rusling Inc. now owns 2,898 shares of the aircraft producer’s stock worth $512,000 after buying an additional 9 shares during the period. Arcus Capital Partners LLC boosted its position in shares of Boeing Company (The) by 0.8% in the first quarter. Arcus Capital Partners LLC now owns 1,628 shares of the aircraft producer’s stock worth $288,000 after buying an additional 13 shares during the period. Vicus Capital boosted its position in shares of Boeing Company (The) by 1.0% in the first quarter. Vicus Capital now owns 1,382 shares of the aircraft producer’s stock worth $244,000 after buying an additional 14 shares during the period. Finally, Trust Co. of Virginia VA boosted its position in shares of Boeing Company (The) by 0.5% in the first quarter. Trust Co. of Virginia VA now owns 3,239 shares of the aircraft producer’s stock worth $573,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors own 74.44% of the company’s stock.

Shares of Boeing Company (BA) opened at 235.77 on Friday. The company’s 50 day moving average price is $222.49 and its 200 day moving average price is $191.63. The company has a market capitalization of $139.36 billion, a P/E ratio of 20.66 and a beta of 1.16. 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. During the same quarter last year, the company earned ($0.44) earnings per share. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. Analysts expect that Boeing Company will post $9.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio (DPR) is currently 49.74%.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/08/19/dynamic-technology-lab-private-ltd-takes-position-in-boeing-company-the-ba-updated.html.

Several research firms have recently weighed in on BA. Argus reiterated a “buy” rating and set a $270.00 price objective on shares of Boeing Company (The) in a report on Tuesday, August 1st. Canaccord Genuity reiterated a “hold” rating and set a $215.00 price objective (up previously from $200.00) on shares of Boeing Company (The) in a report on Sunday, July 30th. Vetr upgraded Boeing Company (The) from a “sell” rating to a “buy” rating and set a $253.33 price objective on the stock in a report on Monday, July 31st. 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 report on Monday, July 31st. Finally, Vertical Research reiterated a “hold” rating and set a $242.00 price objective (up previously from $187.00) on shares of Boeing Company (The) in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $230.62.

In related news, Chairman Dennis A. Muilenburg sold 56,838 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $31,108,831.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Robert E. Verbeck sold 2,522 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $244.45, for a total value of $616,502.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,468 shares of company stock valued at $20,353,814. 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.

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

What are top analysts saying about Boeing Company (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Boeing Company (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit