CapWealth Advisors LLC lowered its position in Boeing Co (NYSE:BA) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,182 shares of the aircraft producer’s stock after selling 439 shares during the quarter. Boeing makes up approximately 2.9% of CapWealth Advisors LLC’s holdings, making the stock its 11th biggest position. CapWealth Advisors LLC’s holdings in Boeing were worth $16,274,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BA. Burt Wealth Advisors acquired a new position in Boeing in the 3rd quarter valued at approximately $100,000. Stonehearth Capital Management LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $105,000. Solaris Asset Management LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $111,000. Welch Group LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $120,000. Finally, Cerebellum GP LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $128,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.
Shares of NYSE BA traded down $1.43 during trading on Thursday, hitting $362.42. 4,039,228 shares of the company traded hands, compared to its average volume of 5,293,435. Boeing Co has a fifty-two week low of $191.37 and a fifty-two week high of $374.48. The firm has a market capitalization of $216.10 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.84 and a beta of 1.38. 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 (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $1.05. Boeing had a net margin of 9.63% and a return on equity of 3,774.27%. The firm had revenue of $23.38 billion for the quarter, compared to analyst estimates of $22.22 billion. During the same quarter in the prior year, the business earned $2.01 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. equities research analysts forecast that Boeing Co will post 14.67 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 11th were issued a $1.71 dividend. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.89%. Boeing’s dividend payout ratio is presently 56.81%.
BA has been the topic of a number of recent research reports. Vetr lowered Boeing from a “strong-buy” rating to a “buy” rating and set a $368.72 price objective on the stock. in a research report on Tuesday, April 10th. Barclays raised their price objective on Boeing from $388.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, April 27th. Credit Suisse Group raised their price objective on Boeing from $443.00 to $455.00 and gave the stock an “outperform” rating in a research note on Thursday, April 26th. Canaccord Genuity reissued a “hold” rating and issued a $350.00 price target on shares of Boeing in a research note on Wednesday, May 2nd. Finally, Nord/LB restated a “buy” rating and issued a $385.00 price objective on shares of Boeing in a report 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. Boeing has a consensus rating of “Buy” and an average price target of $376.03.
In other Boeing news, EVP J Michael Luttig sold 9,000 shares of the stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $344.13, for a total value of $3,097,170.00. Following the completion of the sale, the executive vice president now owns 27,878 shares in the company, valued at approximately $9,593,656.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Gregory L. Hyslop sold 2,241 shares of the stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $340.27, for a total transaction of $762,545.07. Following the completion of the sale, the senior vice president now owns 21,425 shares of the company’s stock, valued at approximately $7,290,284.75. The disclosure for this sale can be found here. Insiders sold a total of 12,373 shares of company stock worth $4,233,094 in the last 90 days. 0.24% of the stock is currently owned by company insiders.
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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