Guyasuta Investment Advisors Inc. Purchases 400 Shares of Boeing Company (The) (BA)

Guyasuta Investment Advisors Inc. boosted its position in shares of Boeing Company (The) (NYSE:BA) by 8.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,927 shares of the aircraft producer’s stock after purchasing an additional 400 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Boeing were worth $974,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Harbour Capital Advisors LLC increased its stake in shares of Boeing by 18,613.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock valued at $6,787,000 after acquiring an additional 1,334,957 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Boeing by 66.5% in the 1st quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after acquiring an additional 1,049,546 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Boeing by 63.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,442,748 shares of the aircraft producer’s stock valued at $285,303,000 after acquiring an additional 561,343 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of Boeing by 181.0% in the 1st quarter. Bank of Nova Scotia now owns 609,760 shares of the aircraft producer’s stock valued at $107,843,000 after acquiring an additional 392,786 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Boeing by 11.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock valued at $520,517,000 after acquiring an additional 308,976 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on BA. Vetr raised Boeing from a “hold” rating to a “buy” rating and set a $253.33 target price for the company in a research note on Monday, August 7th. Sanford C. Bernstein reissued an “outperform” rating and set a $274.00 target price on shares of Boeing in a research note on Friday, August 11th. Zacks Investment Research cut Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. ValuEngine cut Boeing from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Morgan Stanley set a $260.00 target price on Boeing and gave the stock a “hold” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $257.81.

Shares of Boeing Company (NYSE BA) traded up $6.59 during trading on Monday, reaching $277.97. The company’s stock had a trading volume of 5,521,650 shares, compared to its average volume of 3,274,398. Boeing Company has a fifty-two week low of $150.02 and a fifty-two week high of $281.83. The firm has a market cap of $165,550.00, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The business had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. During the same quarter last year, the firm posted $3.51 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. sell-side analysts expect that Boeing Company will post 10.1 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, November 9th. Boeing’s dividend payout ratio is 52.25%.

ILLEGAL ACTIVITY NOTICE: “Guyasuta Investment Advisors Inc. Purchases 400 Shares of Boeing Company (The) (BA)” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/12/04/boeing-company-the-ba-stake-lifted-by-guyasuta-investment-advisors-inc.html.

Boeing Company Profile

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.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply