Sterneck Capital Management LLC Has $1.92 Million Holdings in Boeing Company (The) (BA)

Sterneck Capital Management LLC cut its stake in shares of Boeing Company (The) (NYSE:BA) by 1.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,858 shares of the aircraft producer’s stock after selling 171 shares during the quarter. Sterneck Capital Management LLC’s holdings in Boeing Company (The) were worth $1,920,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of BA. Sonata Capital Group Inc. raised its holdings in shares of Boeing Company (The) by 0.3% in the first quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock valued at $884,000 after buying an additional 16 shares during the last quarter. Investment Partners Ltd. OH ADV raised its holdings in shares of Boeing Company (The) by 1.1% in the first quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock valued at $1,274,000 after buying an additional 79 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Boeing Company (The) by 7.9% in the first quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock valued at $1,199,000 after buying an additional 499 shares during the last quarter. UMB Bank N A MO raised its holdings in shares of Boeing Company (The) by 5.9% in the first quarter. UMB Bank N A MO now owns 167,067 shares of the aircraft producer’s stock valued at $29,548,000 after buying an additional 9,343 shares during the last quarter. Finally, Hudock Capital Group LLC raised its holdings in shares of Boeing Company (The) by 438.2% in the first quarter. Hudock Capital Group LLC now owns 8,289 shares of the aircraft producer’s stock valued at $1,466,000 after buying an additional 6,749 shares during the last quarter. 72.30% of the stock is owned by institutional investors.

Shares of Boeing Company (NYSE BA) traded up 1.05% during midday trading on Friday, hitting $238.78. The stock had a trading volume of 3,404,151 shares. The firm has a market cap of $141.14 billion, a P/E ratio of 20.92 and a beta of 1.18. The company’s 50 day moving average is $235.67 and its 200 day moving average is $198.82. Boeing Company has a 52 week low of $126.31 and a 52 week high of $246.49.

Boeing Company (The) (NYSE:BA) last announced its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.23. The company had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. Boeing Company (The)’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.44) earnings per share. On average, equities analysts predict that Boeing Company will post $9.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a dividend of $1.42 per share. The ex-dividend date was Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.38%. Boeing Company (The)’s dividend payout ratio (DPR) is currently 49.74%.

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BA has been the subject of a number of research analyst reports. Cowen and Company reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Boeing Company (The) in a report on Wednesday, May 17th. Vetr raised Boeing Company (The) from a “buy” rating to a “strong-buy” rating and set a $199.85 price target for the company in a report on Thursday, May 18th. Barclays PLC lifted their price target on Boeing Company (The) from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, May 22nd. ValuEngine raised Boeing Company (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $218.00 price target (up from $192.00) on shares of Boeing Company (The) in a report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $232.08.

In related news, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) stock in a transaction on Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the sale, the chairman now directly owns 127,778 shares in the company, valued at $31,108,831.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gregory D. Smith sold 19,757 shares of Boeing Company (The) stock in a transaction on Monday, July 31st. The stock was sold at an average price of $245.42, for a total value of $4,848,762.94. Following the sale, the chief financial officer now owns 152,195 shares in the company, valued at $37,351,696.90. The disclosure for this sale can be found here. Insiders have sold 83,468 shares of company stock worth $20,353,814 over the last quarter. 0.28% of the stock is currently owned by corporate insiders.

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

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