Boeing Co (BA) Position Held by Cambridge Advisors Inc.
Cambridge Advisors Inc. maintained its stake in Boeing Co (NYSE:BA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,515 shares of the aircraft producer’s stock at the end of the second quarter. Cambridge Advisors Inc.’s holdings in Boeing were worth $497,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in BA. Proficio Capital Partners LLC increased its stake in Boeing by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after buying an additional 402 shares during the period. MCF Advisors LLC increased its stake in Boeing by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of Boeing by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after buying an additional 107 shares during the last quarter. Gemmer Asset Management LLC increased its stake in shares of Boeing by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock worth $159,000 after buying an additional 302 shares during the last quarter. Finally, Pinnacle Bank purchased a new stake in shares of Boeing during the first quarter worth about $160,000. 72.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of Boeing Co (BA) traded down 0.15% during trading on Wednesday, reaching $240.14. The company’s stock had a trading volume of 1,374,507 shares. The company has a 50-day moving average price of $227.10 and a 200-day moving average price of $194.29. Boeing Co has a one year low of $126.31 and a one year high of $246.49. The stock has a market cap of $141.94 billion, a price-to-earnings ratio of 21.04 and a beta of 1.16.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. The company’s revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.44) earnings per share. On average, equities research analysts forecast that Boeing Co will post $9.99 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a dividend of $1.42 per share. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.36%. Boeing’s dividend payout ratio is currently 49.74%.
COPYRIGHT VIOLATION NOTICE: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/08/30/boeing-co-ba-position-held-by-cambridge-advisors-inc.html.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “strong-buy” rating and set a $271.00 price target on the stock in a report on Tuesday, August 22nd. Morgan Stanley set a $260.00 price target on shares of Boeing and gave the stock a “hold” rating in a report on Thursday, August 17th. Vetr downgraded shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 price target on the stock. in a report on Wednesday, August 16th. Sanford C. Bernstein reissued an “outperform” rating and issued a $274.00 price target on shares of Boeing in a report on Friday, August 11th. Finally, UBS AG increased their price target on shares of Boeing from $180.00 to $253.00 and gave the stock a “neutral” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $232.08.
In other news, SVP Heidi B. Capozzi sold 4,217 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total value of $1,018,447.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $243.46, for a total value of $13,837,779.48. Following the completion of the sale, the chairman now directly owns 127,778 shares of the company’s stock, valued at $31,108,831.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,468 shares of company stock valued at $20,353,814. Insiders own 0.28% of the company’s stock.
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.
Receive News & Stock Ratings for Boeing Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Co and related stocks with our FREE daily email newsletter.