IFC Holdings Incorporated FL raised its position in shares of Boeing Co (NYSE:BA) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,240 shares of the aircraft producer’s stock after buying an additional 26 shares during the period. IFC Holdings Incorporated FL’s holdings in Boeing were worth $1,457,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Kernodle & Katon Asset Management Group LLC purchased a new stake in Boeing during the third quarter valued at $102,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Boeing during the fourth quarter valued at about $106,000. Jackson Grant Investment Advisers Inc. boosted its position in Boeing by 124.9% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 830 shares of the aircraft producer’s stock valued at $109,000 after buying an additional 461 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new position in Boeing during the fourth quarter valued at about $109,000. Finally, TLP Group LLC acquired a new position in Boeing during the third quarter valued at about $126,000. 73.13% of the stock is owned by institutional investors and hedge funds.
Boeing Co (NYSE BA) traded up 1.34% on Monday, reaching $199.08. The company had a trading volume of 2,725,987 shares. Boeing Co has a 12 month low of $122.35 and a 12 month high of $199.47. The firm has a 50 day moving average price of $186.13 and a 200-day moving average price of $172.90. The stock has a market capitalization of $120.16 billion, a price-to-earnings ratio of 24.53 and a beta of 1.14. Boeing also saw some unusual options trading on Friday. Investors acquired 3,818 call options on the stock. This represents an increase of approximately 270% compared to the typical volume of 1,031 call options.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.10. Boeing had a return on equity of 1,274.55% and a net margin of 6.92%. The business had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.27 billion. During the same quarter last year, the company posted $1.74 earnings per share. Boeing’s quarterly revenue was down 7.3% on a year-over-year basis. Analysts forecast that Boeing Co will post $9.39 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Friday, May 12th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Wednesday, May 10th. Boeing’s payout ratio is currently 69.61%.
BA has been the topic of a number of analyst reports. Deutsche Bank AG increased their price objective on Boeing from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, March 6th. Cowen and Company reissued an “outperform” rating and issued a $215.00 price target on shares of Boeing in a research note on Thursday, May 11th. Vetr raised Boeing from a “buy” rating to a “strong-buy” rating and set a $199.85 price target on the stock in a research note on Thursday, May 18th. Morgan Stanley lowered Boeing from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $185.00 to $190.00 in a research note on Monday, March 13th. They noted that the move was a valuation call. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $170.00 price objective on shares of Boeing in a research note on Thursday, April 27th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $167.65.
In other news, SVP Timothy John Keating sold 32,500 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $184.51, for a total transaction of $5,996,575.00. Following the completion of the sale, the senior vice president now owns 107,437 shares in the company, valued at $19,823,200.87. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP J Michael Luttig sold 7,986 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $183.78, for a total value of $1,467,667.08. Following the sale, the executive vice president now owns 39,251 shares of the company’s stock, valued at approximately $7,213,548.78. The disclosure for this sale can be found here. Insiders have sold 63,403 shares of company stock valued at $11,666,138 in the last quarter. 0.28% of the stock is currently owned by corporate insiders.
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.
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