RKL Wealth Management LLC bought a new stake in shares of Boeing Company (The) (NYSE:BA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,160 shares of the aircraft producer’s stock, valued at approximately $230,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Riverpoint Wealth Management Holdings LLC raised its position in Boeing by 0.3% during the 2nd quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock valued at $293,000 after purchasing an additional 4 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Boeing by 0.3% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock worth $421,000 after acquiring an additional 6 shares in the last quarter. Accredited Investors Inc. raised its position in shares of Boeing by 0.4% in the 2nd quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock worth $325,000 after acquiring an additional 6 shares in the last quarter. GWM Advisors LLC raised its position in shares of Boeing by 0.6% in the 1st quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after acquiring an additional 8 shares in the last quarter. Finally, Silicon Valley Capital Partners raised its position in shares of Boeing by 0.7% in the 2nd quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock worth $245,000 after acquiring an additional 9 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.
Boeing Company (BA) opened at $285.90 on Friday. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. The stock has a market capitalization of $167,935.27, a PE ratio of 28.92, a P/E/G ratio of 2.15 and a beta of 1.24. Boeing Company has a 1 year low of $153.06 and a 1 year high of $287.32.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were paid a dividend of $1.42 per share. The ex-dividend date was Thursday, November 9th. This represents a $5.68 annualized dividend and a yield of 1.99%. Boeing’s payout ratio is presently 52.21%.
BA has been the subject of several recent research reports. Royal Bank Of Canada set a $290.00 price target on Boeing and gave the stock a “hold” rating in a research report on Wednesday, November 15th. Canaccord Genuity reissued a “hold” rating and issued a $235.00 price target (up from $215.00) on shares of Boeing in a research report on Sunday, September 17th. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $289.00 price target for the company in a research report on Tuesday, October 10th. Finally, Jefferies Group boosted their price target on Boeing from $300.00 to $312.00 and gave the stock a “buy” rating in a research report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Boeing has an average rating of “Buy” and a consensus target price of $257.81.
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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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