LSV Asset Management Raises Position in Boeing Co. (BA)
LSV Asset Management increased its stake in shares of Boeing Co. (NYSE:BA) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,638,744 shares of the aircraft producer’s stock after buying an additional 76,914 shares during the period. LSV Asset Management owned approximately 0.42% of Boeing worth $342,693,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Boeing during the second quarter valued at approximately $168,000. Loomis Sayles & Co. L P increased its stake in 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 during the last quarter. CWM LLC increased its stake in 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 during the last quarter. Hudock Capital Group LLC increased its stake in 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 during the last quarter. Finally, Maryland Capital Management acquired a new stake in Boeing during the first quarter valued at approximately $203,000. Hedge funds and other institutional investors own 75.46% of the company’s stock.
Boeing Co. (NYSE:BA) traded up 1.05% during mid-day trading on Thursday, hitting $131.93. 2,488,628 shares of the stock traded hands. Boeing Co. has a 12 month low of $102.10 and a 12 month high of $150.59. The company has a market cap of $82.30 billion, a P/E ratio of 23.75 and a beta of 1.06. The company’s 50 day moving average is $131.65 and its 200 day moving average is $130.70.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.48. The company earned $24.80 million during the quarter, compared to analyst estimates of $23.22 million. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 earnings per share. On average, analysts expect that Boeing Co. will post $6.30 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 12th were given a dividend of $1.09 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $4.36 annualized dividend and a yield of 3.34%. Boeing’s dividend payout ratio (DPR) is 80.15%.
BA has been the subject of several recent research reports. Jefferies Group reissued a “buy” rating and set a $165.00 target price on shares of Boeing in a research report on Tuesday, June 21st. Deutsche Bank AG reissued a “buy” rating and set a $160.00 target price on shares of Boeing in a research report on Wednesday, June 1st. Drexel Hamilton reissued a “buy” rating and set a $158.00 target price on shares of Boeing in a research report on Friday, July 15th. Argus reissued a “buy” rating and set a $155.00 target price on shares of Boeing in a research report on Wednesday, August 3rd. Finally, Citigroup Inc. decreased their target price on shares of Boeing from $168.00 to $160.00 and set a “buy” rating for the company in a research report on Monday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $147.23.
In other Boeing news, Director Randall L. Stephenson bought 1,871 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was bought at an average cost of $133.89 per share, for a total transaction of $250,508.19. Following the completion of the transaction, the director now owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Diana L. Sands sold 14,151 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $133.06, for a total transaction of $1,882,932.06. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.
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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