Vanguard Capital Wealth Advisors purchased a new position in Boeing (NYSE:BA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,243 shares of the aircraft producer’s stock, valued at approximately $2,136,000. Boeing comprises about 2.7% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 7th biggest position.
Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Boeing by 2.1% during the 4th quarter. BlackRock Inc. now owns 35,515,544 shares of the aircraft producer’s stock worth $10,473,889,000 after buying an additional 713,832 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Boeing by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 5,811,840 shares of the aircraft producer’s stock worth $1,710,303,000 after buying an additional 296,949 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Boeing by 1.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 3,427,749 shares of the aircraft producer’s stock worth $1,010,877,000 after buying an additional 41,260 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Boeing by 13.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock worth $870,618,000 after buying an additional 402,240 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Boeing by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,275,519 shares of the aircraft producer’s stock worth $965,756,000 after buying an additional 122,278 shares during the last quarter. Institutional investors own 69.64% of the company’s stock.
Shares of Boeing opened at $355.02 on Wednesday, according to MarketBeat. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.33 and a current ratio of 1.15. The firm has a market capitalization of $212.01 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 1.81 and a beta of 1.39. Boeing has a 1 year low of $182.86 and a 1 year high of $371.60.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $1.05. The company had revenue of $23.38 billion for the quarter, compared to analysts’ expectations of $22.22 billion. Boeing had a net margin of 9.63% and a return on equity of 3,774.27%. Boeing’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.01 EPS. equities research analysts expect that Boeing will post 14.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 11th will be paid a $1.71 dividend. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $6.84 annualized dividend and a yield of 1.93%. Boeing’s dividend payout ratio is currently 56.81%.
Several brokerages have recently weighed in on BA. Canaccord Genuity boosted their price objective on shares of Boeing from $290.00 to $345.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $365.00 target price (up from $330.00) on shares of Boeing in a report on Thursday, February 1st. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $373.00 target price (up from $340.00) on shares of Boeing in a report on Friday, February 23rd. Finally, Royal Bank of Canada set a $363.00 target price on shares of Boeing and gave the company a “neutral” rating in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Boeing currently has an average rating of “Buy” and an average price target of $374.63.
In other Boeing news, SVP Heidi B. Capozzi sold 1,132 shares of the business’s stock in a transaction on Thursday, May 3rd. The shares were sold at an average price of $329.84, for a total value of $373,378.88. Following the transaction, the senior vice president now directly owns 24,416 shares of the company’s stock, valued at approximately $8,053,373.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP J Michael Luttig sold 9,000 shares of the business’s stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $344.13, for a total transaction of $3,097,170.00. Following the completion of the transaction, the executive vice president now directly owns 27,878 shares in the company, valued at $9,593,656.14. The disclosure for this sale can be found here. Insiders sold a total of 12,373 shares of company stock worth $4,233,094 over the last three months. 0.24% of the stock is currently owned by corporate insiders.
Boeing Company Profile
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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