Boeing Co. (BA) Shares Bought by First Personal Financial Services
First Personal Financial Services raised its position in Boeing Co. (NYSE:BA) by 1,018.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,692 shares of the aircraft producer’s stock after buying an additional 3,362 shares during the period. First Personal Financial Services’ holdings in Boeing were worth $479,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Boeing during the second quarter worth about $168,000. 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 worth $192,000 after buying an additional 682 shares in the last quarter. 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 worth $192,000 after buying an additional 282 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 worth $201,000 after buying an additional 62 shares in the last quarter. Finally, Maryland Capital Management purchased a new stake in shares of Boeing during the first quarter worth about $203,000. 75.46% of the stock is currently owned by institutional investors.
Boeing Co. (NYSE:BA) traded up 0.27% during trading on Friday, hitting $132.22. The stock had a trading volume of 879,183 shares. The stock has a market capitalization of $82.48 billion, a P/E ratio of 23.80 and a beta of 1.06. Boeing Co. has a 52 week low of $102.10 and a 52 week high of $150.59. The company has a 50-day moving average of $131.65 and a 200-day moving average of $130.71.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.92) by $0.48. The company earned $24.80 million during the quarter, compared to the consensus estimate of $23.22 million. Boeing had a return on equity of 82.66% and a net margin of 3.84%. Boeing’s revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $1.62 earnings per share. On average, equities analysts expect that Boeing Co. will post $6.30 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Wednesday, August 10th. Boeing’s dividend payout ratio is currently 80.15%.
A number of equities research analysts recently issued reports on BA shares. Goldman Sachs Group Inc. set a $107.00 target price on Boeing and gave the company a “sell” rating in a research report on Tuesday, August 30th. Vetr lowered Boeing from a “hold” rating to a “sell” rating and set a $126.07 target price on the stock. in a research report on Wednesday, August 24th. Jefferies Group reissued a “buy” rating and issued a $133.53 target price (down previously from $165.00) on shares of Boeing in a research report on Friday, July 22nd. JPMorgan Chase & Co. set a $140.00 target price on Boeing and gave the company a “neutral” rating in a research report on Monday, July 4th. Finally, Citigroup Inc. dropped their target price on Boeing from $168.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $147.23.
In other news, Director Randall L. Stephenson bought 1,871 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was acquired 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 directly owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Diana L. Sands sold 14,151 shares of the firm’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 disclosure for this sale can be found here. 0.58% of the stock is owned by company insiders.
Boeing Company Profile
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.
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co. (NYSE:BA).
Receive News & Ratings for Boeing Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Co. and related companies with MarketBeat.com's FREE daily email newsletter.