Acima Private Wealth LLC Purchases New Holdings in Boeing Co (NYSE:BA)

Acima Private Wealth LLC acquired a new stake in Boeing Co (NYSE:BA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 766 shares of the aircraft producer’s stock, valued at approximately $247,000.

Other hedge funds have also made changes to their positions in the company. Ironwood Financial llc bought a new position in shares of Boeing in the 4th quarter valued at about $32,000. Proffitt & Goodson Inc. boosted its stake in shares of Boeing by 1,371.4% in the 4th quarter. Proffitt & Goodson Inc. now owns 103 shares of the aircraft producer’s stock valued at $33,000 after purchasing an additional 96 shares during the last quarter. 1 North Wealth Services LLC bought a new position in shares of Boeing in the 4th quarter valued at about $40,000. Contravisory Investment Management Inc. boosted its stake in Boeing by 159.3% during the 4th quarter. Contravisory Investment Management Inc. now owns 140 shares of the aircraft producer’s stock worth $45,000 after acquiring an additional 86 shares during the last quarter. Finally, Financial Gravity Companies Inc. bought a new position in Boeing during the 4th quarter worth approximately $60,000. Institutional investors own 69.75% of the company’s stock.

Several research firms recently weighed in on BA. Zacks Investment Research lowered shares of Boeing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Wednesday. TheStreet lowered shares of Boeing from an “a+” rating to a “c+” rating in a research note on Wednesday, April 24th. Goldman Sachs Group set a $393.00 price target on shares of Boeing and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Cowen reaffirmed a “buy” rating and issued a $460.00 price target on shares of Boeing in a research note on Monday, April 8th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $413.20.

In other news, SVP Theodore Colbert III sold 2,137 shares of the business’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $408.85, for a total value of $873,712.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Heidi B. Capozzi sold 2,916 shares of the business’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $410.84, for a total transaction of $1,198,009.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,247 shares of company stock valued at $28,922,977. Company insiders own 0.23% of the company’s stock.

Shares of BA opened at $376.46 on Friday. The firm has a market cap of $212.50 billion, a P/E ratio of 23.51, a PEG ratio of 2.31 and a beta of 1.30. Boeing Co has a 1-year low of $292.47 and a 1-year high of $446.01. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.07.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.11 by $0.05. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The business had revenue of $22.92 billion for the quarter, compared to the consensus estimate of $23.04 billion. During the same period in the previous year, the company earned $3.64 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, analysts predict that Boeing Co will post 14.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 10th will be given a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $8.22 dividend on an annualized basis and a yield of 2.18%. Boeing’s dividend payout ratio (DPR) is 51.34%.

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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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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