Vanguard Capital Wealth Advisors acquired a new position in shares of Boeing (NYSE:BA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,243 shares of the aircraft producer’s stock, valued at approximately $2,136,000. Boeing comprises 2.7% of Vanguard Capital Wealth Advisors’ investment portfolio, making the stock its 7th largest holding.
A number of other institutional investors have also recently added to or reduced their stakes in BA. Burt Wealth Advisors acquired a new stake in shares of Boeing during the third quarter valued at about $100,000. Stonehearth Capital Management LLC acquired a new stake in shares of Boeing during the fourth quarter valued at about $105,000. Solaris Asset Management LLC acquired a new stake in shares of Boeing during the fourth quarter valued at about $111,000. Welch Group LLC acquired a new stake in shares of Boeing during the fourth quarter valued at about $120,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Boeing during the fourth quarter valued at about $128,000. Hedge funds and other institutional investors own 69.64% of the company’s stock.
In related news, SVP Heidi B. Capozzi sold 1,132 shares of Boeing stock in a transaction that occurred on Thursday, May 3rd. The shares were 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 owns 24,416 shares in the company, valued at $8,053,373.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP J Michael Luttig sold 9,000 shares of Boeing stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 27,878 shares of the company’s stock, valued at approximately $9,593,656.14. The disclosure for this sale can be found here. Insiders sold 12,373 shares of company stock valued at $4,233,094 in the last quarter. 0.24% of the stock is owned by insiders.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 25th. The aircraft producer reported $3.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.59 by $1.05. Boeing had a net margin of 9.63% and a return on equity of 3,774.27%. The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $22.22 billion. During the same quarter last year, the firm posted $2.01 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. equities research analysts anticipate that Boeing will post 14.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be paid a $1.71 dividend. The ex-dividend date is Thursday, May 10th. This represents a $6.84 dividend on an annualized basis and a yield of 1.93%. Boeing’s dividend payout ratio is currently 56.81%.
BA has been the subject of a number of recent analyst reports. Edward Jones upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Morgan Stanley upgraded shares of Boeing to an “equal weight” rating in a research report on Tuesday, April 17th. JPMorgan Chase lifted their price target on shares of Boeing to $400.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Vetr cut shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $368.72 price target for the company. in a research report on Monday, April 16th. Finally, Barclays reiterated a “buy” rating and set a $388.00 price target on shares of Boeing in a research report on Wednesday, April 4th. Seven investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $374.63.
Boeing Company Profile
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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