Boeing Co. (BA) Shares Bought by Teacher Retirement System of Texas
Teacher Retirement System of Texas increased its stake in Boeing Co. (NYSE:BA) by 2.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 315,057 shares of the aircraft producer’s stock after buying an additional 8,541 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of Boeing worth $40,916,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in Boeing during the second quarter valued at $168,000. CWM LLC raised its stake in shares of Boeing by 23.6% in the second quarter. CWM LLC now owns 1,477 shares of the aircraft producer’s stock valued at $192,000 after buying an additional 282 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Boeing by 82.1% in the first quarter. Loomis Sayles & Co. L P now owns 1,513 shares of the aircraft producer’s stock valued at $192,000 after buying an additional 682 shares in the last quarter. Hudock Capital Group LLC raised its stake in shares of Boeing by 4.2% in the second quarter. Hudock Capital Group LLC now owns 1,553 shares of the aircraft producer’s stock valued at $201,000 after buying an additional 62 shares in the last quarter. Finally, Arcus Capital Partners LLC raised its stake in shares of Boeing by 0.8% in the second quarter. Arcus Capital Partners LLC now owns 1,590 shares of the aircraft producer’s stock valued at $207,000 after buying an additional 13 shares in the last quarter. Institutional investors own 75.46% of the company’s stock.
Boeing Co. (NYSE:BA) traded up 0.93% on Thursday, hitting $131.77. The stock had a trading volume of 1,491,001 shares. Boeing Co. has a 12 month low of $102.10 and a 12 month high of $150.59. The company’s 50 day moving average is $131.65 and its 200-day moving average is $130.70. The stock has a market cap of $82.20 billion, a P/E ratio of 23.72 and a beta of 1.06.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.92) by $0.48. The firm earned $24.80 million during the quarter, compared to analyst estimates of $23.22 million. Boeing had a return on equity of 82.66% and a net margin of 3.84%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.62 EPS. Analysts forecast that Boeing Co. will post $6.30 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 12th were given a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Wednesday, August 10th. Boeing’s payout ratio is 80.15%.
Several brokerages have issued reports on BA. Canaccord Genuity upped their target price on Boeing from $140.00 to $144.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Goldman Sachs Group Inc. set a $107.00 target price on Boeing and gave the stock a “sell” rating in a research note on Thursday, July 28th. Jefferies Group reaffirmed a “buy” rating and issued a $165.00 target price on shares of Boeing in a research note on Friday, August 19th. Vetr raised Boeing from a “sell” rating to a “hold” rating and set a $129.80 target price for the company in a research note on Monday, August 1st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $145.00 target price on shares of Boeing in a research note on Sunday, July 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. Boeing currently has a consensus rating of “Hold” and an average target price of $147.23.
In other news, SVP Diana L. Sands sold 14,151 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $133.06, for a total value of $1,882,932.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Randall L. Stephenson purchased 1,871 shares of Boeing stock in a transaction dated Monday, August 1st. The stock was bought at an average cost of $133.89 per share, with a total value of $250,508.19. Following the completion of the transaction, the director now owns 3,721 shares in the company, valued at approximately $498,204.69. The disclosure for this purchase can be found here. 0.58% of the stock is owned by insiders.
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
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