Financial Counselors Inc. Has $3,618,000 Position in Boeing Co. (BA)
Financial Counselors Inc. raised its stake in shares of Boeing Co. (NYSE:BA) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,862 shares of the aircraft producer’s stock after buying an additional 200 shares during the period. Financial Counselors Inc.’s holdings in Boeing were worth $3,618,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of BA. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Boeing during the second quarter valued at about $168,000. CWM LLC raised 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. Loomis Sayles & Co. L P raised 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. Hudock Capital Group LLC raised 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, Arcus Capital Partners LLC raised its stake in 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 during the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.
Shares of Boeing Co. (NYSE:BA) traded up 0.18% on Tuesday, hitting $127.71. 1,121,710 shares of the stock traded hands. The stock has a 50 day moving average of $131.83 and a 200 day moving average of $130.66. The company has a market cap of $79.67 billion, a PE ratio of 22.99 and a beta of 1.06. Boeing Co. has a one year low of $102.10 and a one year high of $150.59.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) EPS for the quarter, topping the 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 net margin of 3.84% and a return on equity of 82.66%. Boeing’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.62 EPS. Equities analysts anticipate that Boeing Co. will post $6.30 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 12th were paid 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 dividend yield of 3.42%. Boeing’s dividend payout ratio (DPR) is presently 80.15%.
Several analysts have issued reports on the stock. Vetr lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $127.88 price target for the company. in a research report on Monday, May 23rd. Goldman Sachs Group Inc. set a $101.00 target price on shares of Boeing and gave the stock a “sell” rating in a report on Tuesday, May 31st. Jefferies Group reiterated a “buy” rating on shares of Boeing in a report on Tuesday, May 31st. Deutsche Bank AG reiterated a “buy” rating and set a $160.00 target price on shares of Boeing in a report on Wednesday, June 1st. Finally, Canaccord Genuity increased their target price on shares of Boeing from $140.00 to $144.00 and gave the stock a “hold” rating in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $147.23.
In other Boeing news, SVP Diana L. Sands sold 14,151 shares of the company’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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Randall L. Stephenson purchased 1,871 shares of the business’s stock in a transaction on Monday, August 1st. The shares were bought at an average price of $133.89 per share, for a total transaction of $250,508.19. Following the purchase, the director now directly owns 3,721 shares in the company, valued at approximately $498,204.69. The disclosure for this purchase 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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