Farmers & Merchants Investments Inc. Has $1,431,000 Stake in Boeing Co (BA)
Farmers & Merchants Investments Inc. maintained its stake in Boeing Co (NYSE:BA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,090 shares of the aircraft producer’s stock at the end of the first quarter. Farmers & Merchants Investments Inc.’s holdings in Boeing were worth $1,431,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in BA. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Boeing during the fourth quarter worth approximately $106,000. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Boeing during the fourth quarter worth approximately $109,000. Kernodle & Katon Asset Management Group LLC purchased a new stake in Boeing during the third quarter worth approximately $102,000. Jackson Grant Investment Advisers Inc. boosted its stake in Boeing by 124.9% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 830 shares of the aircraft producer’s stock worth $109,000 after buying an additional 461 shares during the period. Finally, Pinnacle Bank purchased a new stake in Boeing during the first quarter worth approximately $160,000. 74.66% of the stock is currently owned by institutional investors and hedge funds.
Boeing Co (NYSE:BA) opened at 177.40 on Friday. Boeing Co has a one year low of $122.35 and a one year high of $187.21. The stock has a 50 day moving average price of $180.67 and a 200-day moving average price of $166.72. The stock has a market capitalization of $107.08 billion, a P/E ratio of 21.86 and a beta of 1.08.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.91 by $0.10. Boeing had a net margin of 5.18% and a return on equity of 239.48%. The company had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.27 billion. During the same period last year, the firm earned $1.74 EPS. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. Analysts anticipate that Boeing Co will post $9.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 12th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.20%. Boeing’s payout ratio is 74.25%.
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A number of brokerages have commented on BA. Cowen and Company restated an “outperform” rating and issued a $215.00 price target on shares of Boeing in a research report on Wednesday. Jefferies Group LLC increased their target price on Boeing from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, January 26th. Goldman Sachs Group Inc set a $124.00 target price on Boeing and gave the stock a “sell” rating in a research report on Thursday, January 26th. Vetr upgraded Boeing from a “buy” rating to a “strong-buy” rating and set a $199.85 target price for the company in a research report on Thursday. Finally, Canaccord Genuity reiterated a “hold” rating and set a $170.00 target price on shares of Boeing in a research report on Thursday, April 27th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Boeing currently has an average rating of “Hold” and a consensus target price of $167.08.
In other news, SVP Timothy John Keating sold 32,500 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $184.51, for a total transaction of $5,996,575.00. Following the completion of the transaction, the senior vice president now directly owns 107,437 shares of the company’s stock, valued at approximately $19,823,200.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Leanne G. Caret sold 2,400 shares of Boeing stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $182.73, for a total transaction of $438,552.00. Following the completion of the sale, the executive vice president now directly owns 44,710 shares of the company’s stock, valued at $8,169,858.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,403 shares of company stock valued at $11,666,138. Insiders own 0.58% of the company’s stock.
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.
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