home Latest News Gerber Kawasaki Wealth & Investment Management Purchases New Position in Boeing Company (The) (NYSE:BA) – TheOlympiaReport

Gerber Kawasaki Wealth & Investment Management Purchases New Position in Boeing Company (The) (NYSE:BA) – TheOlympiaReport

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Gerber Kawasaki Wealth & Investment Management bought a new position in shares of Boeing Company (The) (NYSE:BA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,721 shares of the aircraft producer’s stock, valued at approximately $304,000.

Other institutional investors have also made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Boeing Company (The) during the fourth quarter worth about $109,000. MCF Advisors LLC raised its position in shares of Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after buying an additional 62 shares during the last quarter. Gemmer Asset Management LLC raised its position in shares of Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock worth $159,000 after buying an additional 302 shares during the last quarter. Pinnacle Bank acquired a new position in shares of Boeing Company (The) during the first quarter worth about $160,000. Finally, Taylor Wealth Management Partners raised its position in shares of Boeing Company (The) by 61.6% in the first quarter. Taylor Wealth Management Partners now owns 918 shares of the aircraft producer’s stock worth $162,000 after buying an additional 350 shares during the last quarter. 74.47% of the stock is currently owned by institutional investors.

Shares of Boeing Company (NYSE:BA) traded down 1.58% during midday trading on Wednesday, reaching $234.31. The company had a trading volume of 5,678,880 shares. The company’s 50-day moving average is $207.88 and its 200-day moving average is $185.18. Boeing Company has a 52-week low of $126.31 and a 52-week high of $246.49. The firm has a market cap of $138.50 billion, a P/E ratio of 20.53 and a beta of 1.16.

Boeing Company (The) (NYSE:BA) last released its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. During the same quarter in the prior year, the company posted ($0.44) earnings per share. Boeing Company (The)’s revenue was down 8.1% on a year-over-year basis. Equities research analysts expect that Boeing Company will post $9.95 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a dividend of $1.42 per share. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 annualized dividend and a yield of 2.42%. Boeing Company (The)’s payout ratio is presently 49.74%.

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Several equities research analysts recently issued reports on the company. Vetr lowered Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price target on the stock. in a research report on Wednesday, July 26th. Zacks Investment Research lowered Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Credit Suisse Group raised Boeing Company (The) from a “neutral” rating to an “outperform” rating and upped their price target for the company from $200.00 to $300.00 in a research report on Thursday, July 27th. UBS AG upped their price target on Boeing Company (The) from $180.00 to $253.00 and gave the company a “neutral” rating in a research report on Friday, August 4th. Finally, ValuEngine raised Boeing Company (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. Boeing Company (The) has an average rating of “Hold” and an average target price of $228.31.

In other Boeing Company (The) news, CFO Gregory D. Smith sold 19,757 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the transaction, the chief financial officer now owns 152,195 shares of the company’s stock, valued at $37,351,696.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $243.46, for a total value of $13,837,779.48. Following the transaction, the chairman now directly owns 127,778 shares in the company, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. Insiders have sold 83,334 shares of company stock worth $20,321,493 in the last quarter. 0.28% of the stock is currently owned by corporate insiders.

About Boeing Company (The)

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.

Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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