Caxton Associates LP Buys New Position in Boeing Company (The) (BA)
Caxton Associates LP bought a new stake in Boeing Company (The) (NYSE:BA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,200 shares of the aircraft producer’s stock, valued at approximately $633,000.
Other hedge funds also recently modified their holdings of the company. Clear Perspective Advisors LLC raised its holdings in shares of Boeing by 31.0% during the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after buying an additional 135 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Boeing by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after buying an additional 402 shares during the last quarter. Vantage Investment Advisors LLC raised its holdings in shares of Boeing by 11.1% during the second quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after buying an additional 84 shares during the last quarter. CWH Capital Management Inc. bought a new stake in shares of Boeing during the second quarter valued at approximately $134,000. Finally, Catamount Wealth Management bought a new stake in shares of Boeing during the second quarter valued at approximately $138,000. Institutional investors own 70.97% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company reaffirmed a “hold” rating and set a $255.00 price target (up previously from $240.00) on shares of Boeing in a report on Wednesday, September 20th. Zacks Investment Research cut Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Vetr cut Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 price target on the stock. in a report on Wednesday, August 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $303.00 price target (up previously from $274.00) on shares of Boeing in a report on Wednesday, September 20th. They noted that the move was a valuation call. Finally, Credit Suisse Group reissued an “outperform” rating and set a $310.00 target price (up previously from $300.00) on shares of Boeing in a report on Tuesday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $260.42.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.51 earnings per share. equities research analysts forecast that Boeing Company will post 10.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 2.42%. This is a boost from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio is currently 52.21%.
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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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