Highlander Capital Management LLC grew its stake in Boeing Co (NYSE:BA) by 194.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,500 shares of the aircraft producer’s stock after acquiring an additional 1,650 shares during the quarter. Highlander Capital Management LLC’s holdings in Boeing were worth $803,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Boeing by 220.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock valued at $105,000 after purchasing an additional 220 shares in the last quarter. Advisors Preferred LLC acquired a new stake in Boeing during the 1st quarter valued at approximately $111,000. Welch Group LLC acquired a new stake in Boeing during the 4th quarter valued at approximately $120,000. SWS Partners acquired a new position in shares of Boeing in the 4th quarter worth approximately $123,000. Finally, Lucia Wealth Services LLC acquired a new position in shares of Boeing in the 1st quarter worth approximately $126,000. Institutional investors and hedge funds own 71.01% of the company’s stock.
BA has been the subject of several research reports. Cowen reiterated a “buy” rating and issued a $430.00 target price on shares of Boeing in a research report on Tuesday, May 1st. Vetr downgraded Boeing from a “strong-buy” rating to a “buy” rating and set a $368.72 price target on the stock. in a report on Monday, April 16th. Nord/LB reissued a “buy” rating and issued a $385.00 price target on shares of Boeing in a report on Thursday, April 26th. Societe Generale raised Boeing from a “hold” rating to a “buy” 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 analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $388.49.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.12). The firm had revenue of $24.26 billion for the quarter, compared to analyst estimates of $24.02 billion. Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. Boeing’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.55 EPS. equities research analysts anticipate that Boeing Co will post 14.63 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Friday, August 10th will be given a dividend of $1.71 per share. The ex-dividend date is Thursday, August 9th. This represents a $6.84 dividend on an annualized basis and a yield of 2.02%. Boeing’s payout ratio is 56.81%.
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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