Home Wealth Advisor Boeing Co (BA) Shares Sold by Bell & Brown Wealth Advisors LLC

Boeing Co (BA) Shares Sold by Bell & Brown Wealth Advisors LLC

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Bell & Brown Wealth Advisors LLC trimmed its holdings in Boeing Co (NYSE:BA) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,731 shares of the aircraft producer’s stock after selling 677 shares during the quarter. Boeing makes up approximately 5.2% of Bell & Brown Wealth Advisors LLC’s holdings, making the stock its biggest position. Bell & Brown Wealth Advisors LLC’s holdings in Boeing were worth $5,278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. Geode Capital Management LLC increased its stake in Boeing by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 5,811,840 shares of the aircraft producer’s stock worth $1,710,303,000 after purchasing an additional 296,949 shares during the period. Summit Trail Advisors LLC increased its stake in Boeing by 33,457.1% in the first quarter. Summit Trail Advisors LLC now owns 3,700,676 shares of the aircraft producer’s stock worth $3,701,000 after purchasing an additional 3,689,648 shares during the period. TIAA CREF Investment Management LLC increased its stake in Boeing by 1.2% in the fourth quarter. TIAA CREF Investment Management LLC now owns 3,427,749 shares of the aircraft producer’s stock worth $1,010,877,000 after purchasing an additional 41,260 shares during the period. Cornerstone Wealth Management LLC increased its stake in Boeing by 33,433.9% in the second quarter. Cornerstone Wealth Management LLC now owns 2,409,747 shares of the aircraft producer’s stock worth $7,169,000 after purchasing an additional 2,402,561 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Boeing by 1.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,960,225 shares of the aircraft producer’s stock valued at $642,719,000 after buying an additional 30,696 shares during the period. Hedge funds and other institutional investors own 69.68% of the company’s stock.

BA has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating and set a $410.00 price target on shares of Boeing in a research note on Sunday, July 29th. Goldman Sachs Group set a $375.00 price target on Boeing and gave the company a “neutral” rating in a research note on Wednesday, July 25th. Credit Suisse Group reaffirmed a “buy” rating and set a $455.00 price objective on shares of Boeing in a research report on Thursday, July 26th. Berenberg Bank reaffirmed a “buy” rating and set a $430.00 price objective on shares of Boeing in a research report on Monday, September 3rd. Finally, UBS Group raised their price objective on Boeing from $325.00 to $357.00 and gave the company a “neutral” rating in a research report on Thursday, July 26th. Six analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $400.60.

Shares of BA stock opened at $367.46 on Friday. The company has a debt-to-equity ratio of -7.65, a current ratio of 1.11 and a quick ratio of 0.32. The company has a market cap of $209.82 billion, a P/E ratio of 25.20, a P/E/G ratio of 1.82 and a beta of 1.44. Boeing Co has a twelve month low of $251.17 and a twelve month high of $374.48.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share for the quarter, missing the consensus estimate of $3.45 by ($0.12). The company had revenue of $24.26 billion for the quarter, compared to analysts’ expectations of $24.02 billion. Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.55 earnings per share. equities analysts predict that Boeing Co will post 14.6 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Friday, August 10th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, August 9th. Boeing’s dividend payout ratio (DPR) is presently 56.81%.

About Boeing

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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