GHP Investment Advisors Inc. purchased a new stake in shares of Boeing (NYSE:BA) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,189 shares of the aircraft producer’s stock, valued at approximately $351,000.
A number of other hedge funds also recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. raised its position in Boeing by 2.2% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 6,821 shares of the aircraft producer’s stock valued at $2,012,000 after acquiring an additional 146 shares in the last quarter. ProVise Management Group LLC grew its holdings in Boeing by 2.5% in the fourth quarter. ProVise Management Group LLC now owns 6,095 shares of the aircraft producer’s stock valued at $1,797,000 after purchasing an additional 150 shares during the period. Hutchinson Capital Management CA grew its holdings in Boeing by 1.5% in the fourth quarter. Hutchinson Capital Management CA now owns 10,313 shares of the aircraft producer’s stock valued at $3,041,000 after purchasing an additional 154 shares during the period. Eagle Asset Management Inc. grew its holdings in Boeing by 1.2% in the fourth quarter. Eagle Asset Management Inc. now owns 12,928 shares of the aircraft producer’s stock valued at $4,355,000 after purchasing an additional 155 shares during the period. Finally, Private Wealth Advisors Inc. grew its holdings in Boeing by 15.3% in the fourth quarter. Private Wealth Advisors Inc. now owns 1,186 shares of the aircraft producer’s stock valued at $350,000 after purchasing an additional 157 shares during the period. Institutional investors own 70.90% of the company’s stock.
In other Boeing news, SVP Heidi B. Capozzi sold 1,132 shares of Boeing stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $329.84, for a total value of $373,378.88. Following the sale, the senior vice president now owns 24,416 shares in the company, valued at $8,053,373.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gregory L. Hyslop sold 2,241 shares of Boeing stock in a transaction on Monday, May 7th. The shares were sold at an average price of $340.27, for a total value of $762,545.07. Following the completion of the sale, the senior vice president now owns 21,425 shares in the company, valued at approximately $7,290,284.75. The disclosure for this sale can be found here. Insiders have sold 12,373 shares of company stock worth $4,233,094 in the last three months. 0.24% of the stock is currently owned by corporate insiders.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.59 by $1.05. The company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $22.22 billion. Boeing had a return on equity of 3,774.27% and a net margin of 9.63%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.01 earnings per share. equities analysts anticipate that Boeing will post 14.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 11th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, May 10th. Boeing’s dividend payout ratio (DPR) is currently 56.81%.
Several brokerages have commented on BA. Vetr lowered Boeing from a “strong-buy” rating to a “buy” rating and set a $368.72 price objective on the stock. in a report on Tuesday, April 10th. Berenberg Bank set a $395.00 price objective on Boeing and gave the company a “buy” rating in a report on Monday, January 29th. Barclays raised their price objective on Boeing from $388.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, April 27th. Wells Fargo reissued a “market perform” rating and issued a $365.00 price objective (up from $330.00) on shares of Boeing in a report on Thursday, February 1st. Finally, Bank of America reissued a “buy” rating and issued a $470.00 price objective (up from $395.00) on shares of Boeing in a report on Thursday, February 1st. Seven analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Boeing presently has an average rating of “Buy” and an average price target of $374.63.
Boeing Company Profile
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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