Vigilant Capital Management LLC Trims Position in Boeing Co (BA)
Vigilant Capital Management LLC trimmed its holdings in shares of Boeing Co (NYSE:BA) by 9.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,537 shares of the aircraft producer’s stock after selling 165 shares during the period. Vigilant Capital Management LLC’s holdings in Boeing were worth $572,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Hudock Capital Group LLC lifted its position in Boeing by 3.4% in the 2nd quarter. Hudock Capital Group LLC now owns 4,341 shares of the aircraft producer’s stock worth $1,456,000 after buying an additional 144 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its position in Boeing by 0.5% in the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 30,349 shares of the aircraft producer’s stock worth $10,182,000 after buying an additional 146 shares in the last quarter. TNB Financial lifted its position in Boeing by 1.6% in the 2nd quarter. TNB Financial now owns 9,397 shares of the aircraft producer’s stock worth $3,153,000 after buying an additional 149 shares in the last quarter. Elite Wealth Management Inc. lifted its position in Boeing by 17.8% in the 1st quarter. Elite Wealth Management Inc. now owns 993 shares of the aircraft producer’s stock worth $326,000 after buying an additional 150 shares in the last quarter. Finally, Bourne Lent Asset Management Inc. lifted its position in Boeing by 9.5% in the 2nd quarter. Bourne Lent Asset Management Inc. now owns 1,728 shares of the aircraft producer’s stock worth $580,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 70.42% of the company’s stock.
BA has been the subject of a number of research analyst reports. Cowen reiterated a “buy” rating and issued a $430.00 target price on shares of Boeing in a research report on Friday, July 13th. Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $393.00 target price for the company in a research report on Monday, July 16th. Canaccord Genuity reiterated a “hold” rating and issued a $350.00 target price on shares of Boeing in a research report on Tuesday, July 24th. Goldman Sachs Group set a $375.00 target price on shares of Boeing and gave the stock a “neutral” rating in a research report on Wednesday, July 25th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $400.00 target price on shares of Boeing in a research report on Thursday, July 26th. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $410.21.
Boeing stock opened at $369.34 on Friday. The firm has a market cap of $211.26 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 1.80 and a beta of 1.30. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 8.07. Boeing Co has a 1-year low of $259.60 and a 1-year high of $394.28.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.11. The business had revenue of $25.15 billion for the quarter, compared to the consensus estimate of $23.84 billion. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. Boeing’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.72 EPS. On average, research analysts expect that Boeing Co will post 15.07 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 9th will be issued a $1.71 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $6.84 annualized dividend and a yield of 1.85%. Boeing’s dividend payout ratio (DPR) is presently 56.81%.
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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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