HL Financial Services LLC decreased its holdings in Boeing (NYSE:BA) by 11.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,427 shares of the aircraft producer’s stock after selling 1,810 shares during the period. HL Financial Services LLC’s holdings in Boeing were worth $4,730,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in BA. Lourd Capital LLC boosted its stake in Boeing by 56.4% during the fourth quarter. Lourd Capital LLC now owns 2,650 shares of the aircraft producer’s stock valued at $782,000 after buying an additional 956 shares during the last quarter. Strs Ohio boosted its stake in Boeing by 5.4% during the fourth quarter. Strs Ohio now owns 545,519 shares of the aircraft producer’s stock valued at $160,879,000 after buying an additional 27,956 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in Boeing by 3.8% during the fourth quarter. Harbour Capital Advisors LLC now owns 6,117 shares of the aircraft producer’s stock valued at $1,804,000 after buying an additional 226 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in Boeing during the third quarter valued at approximately $2,801,000. Finally, Buckley Wealth Management LLC bought a new position in Boeing during the fourth quarter valued at approximately $2,283,000. 69.64% of the stock is owned by hedge funds and other institutional investors.
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Shares of Boeing opened at $360.09 on Tuesday, according to Marketbeat.com. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 8.07. Boeing has a fifty-two week low of $184.53 and a fifty-two week high of $371.60. The company has a market capitalization of $209.78 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 1.79 and a beta of 1.39.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share for the quarter, topping the consensus estimate of $2.59 by $1.05. Boeing had a return on equity of 3,774.27% and a net margin of 9.63%. The firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $22.22 billion. During the same period in the prior year, the business posted $2.01 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. equities research analysts anticipate that Boeing will post 14.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be issued a $1.71 dividend. The ex-dividend date is Thursday, May 10th. This represents a $6.84 annualized dividend and a dividend yield of 1.90%. Boeing’s payout ratio is 56.81%.
In other news, SVP Gregory L. Hyslop sold 2,241 shares of the stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $340.27, for a total value of $762,545.07. Following the sale, the senior vice president now directly owns 21,425 shares in the company, valued at $7,290,284.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Heidi B. Capozzi sold 1,132 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 24,416 shares in the company, valued at $8,053,373.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,373 shares of company stock worth $4,233,094. Company insiders own 0.24% of the company’s stock.
A number of equities analysts recently commented on the company. Canaccord Genuity reissued a “hold” rating and set a $350.00 price target on shares of Boeing in a research note on Wednesday, May 2nd. Royal Bank of Canada reissued a “hold” rating and set a $358.00 price target (down from $378.00) on shares of Boeing in a research note on Friday, April 6th. Vetr lowered Boeing from a “strong-buy” rating to a “buy” rating and set a $368.72 price objective for the company. in a research note on Tuesday, April 10th. Societe Generale set a $373.00 price objective on Boeing and gave the company a “neutral” rating in a research note on Thursday, February 1st. Finally, Wells Fargo & Co raised their price objective on Boeing from $365.00 to $370.00 and gave the company a “market perform” rating in a research note on Thursday, April 26th. Seven research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price 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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