Intercontinental Wealth Advisors LLC increased its holdings in shares of Boeing (NYSE:BA) by 41.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,415 shares of the aircraft producer’s stock after acquiring an additional 415 shares during the quarter. Intercontinental Wealth Advisors LLC’s holdings in Boeing were worth $417,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of BA. Pin Oak Investment Advisors Inc. purchased a new stake in Boeing in the fourth quarter valued at approximately $516,000. Delek Group Ltd. purchased a new stake in Boeing in the fourth quarter valued at approximately $1,140,000. Sawtooth Solutions LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $254,000. William Blair Investment Management LLC lifted its stake in Boeing by 6.4% in the fourth quarter. William Blair Investment Management LLC now owns 226,467 shares of the aircraft producer’s stock valued at $66,787,000 after buying an additional 13,540 shares during the last quarter. Finally, We Are One Seven LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $1,030,000. Hedge funds and other institutional investors own 69.64% of the company’s stock.
Shares of Boeing opened at $360.09 on Friday, MarketBeat.com reports. Boeing has a 1-year low of $184.53 and a 1-year high of $371.60. The firm has a market cap of $209.78 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 1.79 and a beta of 1.39. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 8.07.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.59 by $1.05. Boeing had a return on equity of 3,774.27% and a net margin of 9.63%. The firm had revenue of $23.38 billion for the quarter, compared to analyst estimates of $22.22 billion. During the same quarter in the prior year, the company posted $2.01 earnings per share. Boeing’s quarterly revenue was up 6.5% on a year-over-year basis. equities analysts predict that Boeing will post 14.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Thursday, May 10th. Boeing’s dividend payout ratio is presently 56.81%.
A number of brokerages have weighed in on BA. Vetr cut Boeing from a “strong-buy” rating to a “buy” rating and set a $368.72 price objective for the company. in a research note on Tuesday, April 10th. Berenberg Bank set a $395.00 price objective on Boeing and gave the company a “buy” rating in a research note on Monday, January 29th. Barclays boosted their price objective on Boeing from $388.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, April 27th. Wells Fargo & Co reiterated a “market perform” rating and issued a $365.00 price objective (up previously from $330.00) on shares of Boeing in a research note on Thursday, February 1st. Finally, Bank of America reiterated a “buy” rating and issued a $470.00 price objective (up previously from $395.00) on shares of Boeing in a research note on Thursday, February 1st. Seven equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $374.63.
In related news, EVP J Michael Luttig sold 9,000 shares of the company’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $344.13, for a total transaction of $3,097,170.00. Following the transaction, the executive vice president now owns 27,878 shares of the company’s stock, valued at $9,593,656.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gregory L. Hyslop sold 2,241 shares of the company’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $340.27, for a total value of $762,545.07. Following the transaction, the senior vice president now directly owns 21,425 shares in the company, valued at approximately $7,290,284.75. The disclosure for this sale can be found here. Insiders have sold 12,373 shares of company stock worth $4,233,094 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.
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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