RKL Wealth Management LLC Takes $230,000 Position in Boeing Company (The) (BA)

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.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The business had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.51 EPS. equities analysts predict that Boeing Company will post 10.1 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: “RKL Wealth Management LLC Takes $230,000 Position in Boeing Company (The) (BA)” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://sportsperspectives.com/2017/12/09/rkl-wealth-management-llc-takes-230000-position-in-boeing-company-the-ba.html.

Boeing 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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Company (The) (NYSE:BA).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply