Boeing Co (BA) Stake Maintained by E&G Advisors LP
E&G Advisors LP maintained its position in shares of Boeing Co (NYSE:BA) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,215 shares of the aircraft producer’s stock at the end of the second quarter. E&G Advisors LP’s holdings in Boeing were worth $834,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. American National Bank boosted its position in shares of Boeing by 30.6% in the first quarter. American National Bank now owns 28,410 shares of the aircraft producer’s stock worth $5,025,000 after buying an additional 6,661 shares in the last quarter. Sonata Capital Group Inc. boosted its position in shares of Boeing by 0.3% in the first quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock worth $884,000 after buying an additional 16 shares in the last quarter. Investment Partners Ltd. OH ADV boosted its position in shares of Boeing by 1.1% in the first quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock worth $1,274,000 after buying an additional 79 shares in the last quarter. First Command Financial Services Inc. boosted its position in shares of Boeing by 2.3% in the first quarter. First Command Financial Services Inc. now owns 5,028 shares of the aircraft producer’s stock worth $889,000 after buying an additional 111 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in shares of Boeing by 7.9% in the first quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock worth $1,199,000 after buying an additional 499 shares in the last quarter. 72.30% of the stock is currently owned by institutional investors and hedge funds.
Boeing Co (NYSE BA) traded down 0.16% on Wednesday, hitting $240.11. 1,374,327 shares of the stock traded hands. The stock has a market cap of $141.92 billion, a price-to-earnings ratio of 21.04 and a beta of 1.16. Boeing Co has a 52 week low of $126.31 and a 52 week high of $246.49. The firm’s 50 day moving average is $227.10 and its 200 day moving average is $194.29.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. Boeing’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the company earned ($0.44) earnings per share. Equities analysts anticipate that Boeing Co will post $9.99 earnings per share for the current year.
The business also recently declared 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. This represents a $5.68 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Wednesday, August 9th. Boeing’s dividend payout ratio is presently 49.74%.
A number of equities analysts have issued reports on BA shares. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a report on Tuesday, July 11th. Berenberg Bank set a $245.00 target price on shares of Boeing and gave the stock a “buy” rating in a report on Friday, July 21st. Cowen and Company reissued an “outperform” rating and issued a $215.00 target price on shares of Boeing in a report on Thursday, May 11th. Credit Suisse Group reissued a “sell” rating on shares of Boeing in a report on Friday, July 28th. Finally, Vetr upgraded shares of Boeing from a “buy” rating to a “strong-buy” rating and set a $199.85 price target on the stock in a research note on Thursday, May 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $232.08.
In other news, Chairman Dennis A. Muilenburg sold 56,838 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the sale, the chairman now directly owns 127,778 shares in the company, valued at $31,108,831.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Thomas J. Downey sold 134 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,468 shares of company stock worth $20,353,814. Company 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.
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