Matarin Capital Management LLC acquired a new position in shares of Boeing Co (NYSE:BA) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 4,367 shares of the aircraft producer’s stock, valued at approximately $1,432,000.
A number of other institutional investors also recently bought and sold shares of the business. Lido Advisors LLC boosted its holdings in shares of Boeing by 21.1% in the 1st quarter. Lido Advisors LLC now owns 4,817 shares of the aircraft producer’s stock valued at $1,579,000 after purchasing an additional 840 shares in the last quarter. Planning Directions Inc. acquired a new stake in shares of Boeing in the 1st quarter valued at $863,000. Abbrea Capital LLC boosted its holdings in shares of Boeing by 20.3% in the 1st quarter. Abbrea Capital LLC now owns 3,043 shares of the aircraft producer’s stock valued at $998,000 after purchasing an additional 514 shares in the last quarter. Cypress Funds LLC boosted its holdings in shares of Boeing by 10.9% in the 1st quarter. Cypress Funds LLC now owns 163,000 shares of the aircraft producer’s stock valued at $53,444,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Oakmont Corp boosted its holdings in shares of Boeing by 1.2% in the 1st quarter. Oakmont Corp now owns 316,048 shares of the aircraft producer’s stock valued at $103,626,000 after purchasing an additional 3,680 shares in the last quarter. Hedge funds and other institutional investors own 69.47% of the company’s stock.
In other news, SVP Gregory L. Hyslop sold 2,241 shares of Boeing stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $340.27, for a total value of $762,545.07. Following the completion of the transaction, the senior vice president now directly owns 21,425 shares of the company’s stock, valued at approximately $7,290,284.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Heidi B. Capozzi sold 1,132 shares of Boeing stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $329.84, for a total value of $373,378.88. Following the completion of the transaction, the senior vice president now directly owns 24,416 shares of the company’s stock, valued at $8,053,373.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,373 shares of company stock valued at $4,233,094. Corporate insiders own 0.24% of the company’s stock.
Shares of Boeing opened at $332.93 on Thursday, according to Marketbeat. The stock has a market cap of $195.79 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 1.67 and a beta of 1.41. Boeing Co has a 12 month low of $198.86 and a 12 month high of $374.48. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.33 and a current ratio of 1.15.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 25th. The aircraft producer reported $3.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.59 by $1.05. The firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $22.22 billion. Boeing had a return on equity of 3,774.27% and a net margin of 9.63%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.01 EPS. equities research analysts forecast that Boeing Co will post 14.67 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 10th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, August 9th. Boeing’s dividend payout ratio (DPR) is presently 56.81%.
Several equities research analysts recently weighed in on the company. Canaccord Genuity raised their price objective on Boeing from $345.00 to $350.00 and gave the company a “hold” rating in a report on Thursday, April 26th. Royal Bank of Canada reissued a “hold” rating and set a $358.00 price objective (down previously from $378.00) on shares of Boeing in a report on Friday, April 6th. Vetr downgraded Boeing from a “strong-buy” rating to a “buy” rating and set a $368.72 price objective on the stock. in a report on Tuesday, April 10th. Wells Fargo & Co raised their price objective on Boeing from $365.00 to $370.00 and gave the company a “market perform” rating in a report on Thursday, April 26th. Finally, Vertical Research raised Boeing from a “hold” rating to a “buy” rating in a report on Wednesday, April 25th. Seven equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Boeing presently has a consensus rating of “Buy” and an average target price of $376.03.
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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