Enterprise Financial Services Corp continued to hold its stake in shares of Boeing Company (The) (NYSE:BA) during the first quarter, Holdings Channel reports. The fund owned 1,596 shares of the aircraft producer’s stock at the end of the first quarter. Enterprise Financial Services Corp’s holdings in Boeing Company (The) were worth $282,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. Brown Advisory Inc. increased its stake in shares of Boeing Company (The) by 16.0% in the fourth quarter. Brown Advisory Inc. now owns 37,625 shares of the aircraft producer’s stock worth $5,856,000 after buying an additional 5,192 shares during the last quarter. Cigna Investments Inc. New acquired a new position in Boeing Company (The) during the fourth quarter worth about $3,339,000. CHURCHILL MANAGEMENT Corp increased its position in Boeing Company (The) by 100.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 38,289 shares of the aircraft producer’s stock worth $6,772,000 after buying an additional 19,213 shares during the last quarter. GLG LLC acquired a new position in Boeing Company (The) during the fourth quarter worth about $4,988,000. Finally, Honkamp Krueger Financial Services Inc. ADV acquired a new position in Boeing Company (The) during the fourth quarter worth about $1,704,000. 73.14% of the stock is currently owned by hedge funds and other institutional investors.
Boeing Company (NYSE BA) opened at 196.44 on Friday. Boeing Company has a 1-year low of $122.35 and a 1-year high of $197.95. The firm’s 50-day moving average is $186.13 and its 200 day moving average is $172.90. The stock has a market capitalization of $118.57 billion, a price-to-earnings ratio of 24.20 and a beta of 1.14. Boeing Company (The) also was the target of unusually large options trading on Friday. Stock traders acquired 3,818 call options on the company. This represents an increase of 270% compared to the typical volume of 1,031 call options.
Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.10. The business had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.27 billion. Boeing Company (The) had a return on equity of 495.68% and a net margin of 5.52%. The company’s revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 EPS. Equities analysts anticipate that Boeing Company will post $9.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Friday, May 12th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Wednesday, May 10th. Boeing Company (The)’s dividend payout ratio is presently 69.61%.
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BA has been the topic of a number of recent analyst reports. Vetr cut shares of Boeing Company (The) from a “buy” rating to a “hold” rating and set a $202.94 target price on the stock. in a research note on Thursday. Cowen and Company restated an “outperform” rating and set a $215.00 target price on shares of Boeing Company (The) in a research note on Tuesday. ValuEngine upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Barclays PLC raised their target price on shares of Boeing Company (The) from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, May 22nd. Finally, Deutsche Bank AG raised their target price on shares of Boeing Company (The) from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $167.65.
In related news, SVP Bertrand Marc Allen sold 15,470 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $183.62, for a total transaction of $2,840,601.40. Following the completion of the transaction, the senior vice president now directly owns 43,801 shares in the company, valued at approximately $8,042,739.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Timothy John Keating sold 32,500 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $184.51, for a total value of $5,996,575.00. Following the transaction, the senior vice president now owns 107,437 shares of the company’s stock, valued at $19,823,200.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,403 shares of company stock valued at $11,666,138. Company insiders own 0.28% of the company’s stock.
Boeing Company (The) Company Profile
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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