Founders Capital Management Invests $3.72 Million in Boeing Company (The) (BA)

Founders Capital Management bought a new stake in Boeing Company (The) (NYSE:BA) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 21,040 shares of the aircraft producer’s stock, valued at approximately $3,721,000. Boeing Company (The) comprises about 3.3% of Founders Capital Management’s investment portfolio, making the stock its 2nd largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Great Lakes Advisors LLC grew its stake in Boeing Company (The) by 2.8% in the first quarter. Great Lakes Advisors LLC now owns 60,855 shares of the aircraft producer’s stock valued at $10,763,000 after purchasing an additional 1,664 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Boeing Company (The) by 3.5% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,995 shares of the aircraft producer’s stock worth $1,237,000 after acquiring an additional 236 shares during the last quarter. Abbrea Capital LLC grew its stake in shares of Boeing Company (The) by 14.0% during the first quarter. Abbrea Capital LLC now owns 2,409 shares of the aircraft producer’s stock worth $426,000 after acquiring an additional 295 shares during the last quarter. Dean Investment Associates LLC grew its stake in shares of Boeing Company (The) by 8.1% during the first quarter. Dean Investment Associates LLC now owns 8,015 shares of the aircraft producer’s stock worth $1,417,000 after acquiring an additional 599 shares during the last quarter. Finally, R. G. Niederhoffer Capital Management Inc. purchased a new stake in shares of Boeing Company (The) during the first quarter worth about $1,663,000. Institutional investors own 72.31% of the company’s stock.

In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Heidi B. Capozzi sold 4,217 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total value of $1,018,447.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,468 shares of company stock valued at $20,353,814. 0.28% of the stock is owned by company insiders.

A number of brokerages recently commented on BA. Vetr upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 target price on the stock in a research report on Monday, August 7th. Cowen and Company reiterated a “buy” rating and issued a $300.00 target price on shares of Boeing Company (The) in a research report on Tuesday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $274.00 target price on shares of Boeing Company (The) in a research report on Friday, August 11th. Royal Bank Of Canada upgraded Boeing Company (The) from an “underperform” rating to a “sector perform” rating and upped their target price for the company from $146.00 to $235.00 in a research report on Thursday, July 27th. Finally, UBS AG upped their target price on Boeing Company (The) from $180.00 to $253.00 and gave the company a “neutral” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $233.03.

Boeing Company (NYSE:BA) traded up 1.54% during trading on Friday, hitting $249.00. The stock had a trading volume of 9,033,301 shares. Boeing Company has a one year low of $127.27 and a one year high of $249.95. The firm has a market cap of $147.18 billion, a price-to-earnings ratio of 21.82 and a beta of 1.18. The stock’s 50-day moving average is $238.70 and its 200 day moving average is $201.20.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks’ 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 analysts’ expectations of $22.97 billion. During the same period in the previous year, the firm posted ($0.44) earnings per share. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts anticipate that Boeing Company will post $9.99 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.

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Boeing Company (The) 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)

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