Tiemann Investment Advisors LLC boosted its position in shares of Boeing Company (The) (NYSE:BA) by 3.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,065 shares of the aircraft producer’s stock after buying an additional 65 shares during the period. Tiemann Investment Advisors LLC’s holdings in Boeing Company (The) were worth $365,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Westpac Banking Corp boosted its stake in shares of Boeing Company (The) by 83.5% in the first quarter. Westpac Banking Corp now owns 203,529 shares of the aircraft producer’s stock worth $32,402,000 after buying an additional 92,639 shares in the last quarter. Tredje AP fonden boosted its stake in shares of Boeing Company (The) by 11.2% in the first quarter. Tredje AP fonden now owns 57,366 shares of the aircraft producer’s stock worth $10,146,000 after buying an additional 5,760 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Boeing Company (The) during the first quarter worth $212,000. Meiji Yasuda Life Insurance Co boosted its stake in shares of Boeing Company (The) by 0.5% in the first quarter. Meiji Yasuda Life Insurance Co now owns 18,354 shares of the aircraft producer’s stock worth $3,246,000 after buying an additional 100 shares in the last quarter. Finally, Hartree Partners LP bought a new stake in shares of Boeing Company (The) during the first quarter worth $208,000. 74.44% of the stock is owned by institutional investors.
Boeing Company (NYSE BA) opened at 235.77 on Friday. The firm has a market cap of $139.36 billion, a P/E ratio of 20.66 and a beta of 1.16. Boeing Company has a 1-year low of $126.31 and a 1-year high of $246.49. The stock has a 50 day moving average price of $222.49 and a 200-day moving average price of $191.63.
Boeing Company (The) (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. The firm had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.44) EPS. Equities research analysts forecast that Boeing Company will post $9.99 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s payout ratio is 49.74%.
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A number of analysts have weighed in on the company. Morgan Stanley set a $260.00 price target on Boeing Company (The) and gave the stock a “hold” rating in a research report on Thursday. Vetr cut Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 price objective for the company. in a research report on Wednesday. Sanford C. Bernstein reissued an “outperform” rating and set a $274.00 price objective on shares of Boeing Company (The) in a research report on Friday, August 11th. Zacks Investment Research cut Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, UBS AG boosted their price objective on Boeing Company (The) from $180.00 to $253.00 and gave the stock a “neutral” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $230.62.
In other news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the completion of the transaction, the chairman now directly owns 127,778 shares in the company, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. Insiders sold a total of 83,468 shares of company stock worth $20,353,814 in the last three months. Insiders own 0.28% of the company’s stock.
About Boeing Company (The)
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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