Capital Investment Advisors LLC Has $6.59 Million Stake in Boeing Co (BA)

Capital Investment Advisors LLC boosted its stake in shares of Boeing Co (NYSE:BA) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,264 shares of the aircraft producer’s stock after buying an additional 402 shares during the period. Capital Investment Advisors LLC’s holdings in Boeing were worth $6,590,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Conning Inc. increased its position in shares of Boeing by 14.1% in the third quarter. Conning Inc. now owns 219,305 shares of the aircraft producer’s stock worth $28,891,000 after buying an additional 27,132 shares in the last quarter. Commonwealth Equity Services Inc increased its position in shares of Boeing by 0.9% in the third quarter. Commonwealth Equity Services Inc now owns 231,802 shares of the aircraft producer’s stock worth $30,538,000 after buying an additional 2,041 shares in the last quarter. Partnervest Advisory Services LLC increased its position in shares of Boeing by 8.4% in the third quarter. Partnervest Advisory Services LLC now owns 3,197 shares of the aircraft producer’s stock worth $421,000 after buying an additional 247 shares in the last quarter. Exane Derivatives increased its position in shares of Boeing by 6.4% in the third quarter. Exane Derivatives now owns 2,072 shares of the aircraft producer’s stock worth $273,000 after buying an additional 124 shares in the last quarter. Finally, Cubic Asset Management LLC increased its position in shares of Boeing by 1.7% in the third quarter. Cubic Asset Management LLC now owns 23,626 shares of the aircraft producer’s stock worth $3,112,000 after buying an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Shares of Boeing Co (NYSE:BA) traded up 0.68% during mid-day trading on Friday, hitting $178.60. The company had a trading volume of 1,070,728 shares. Boeing Co has a one year low of $122.35 and a one year high of $187.21. The firm’s 50-day moving average price is $180.67 and its 200 day moving average price is $166.72. The company has a market capitalization of $107.80 billion, a P/E ratio of 22.01 and a beta of 1.08.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 EPS for the quarter, topping the consensus estimate of $1.91 by $0.10. Boeing had a net margin of 5.18% and a return on equity of 239.48%. The firm had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.27 billion. During the same period in the previous year, the firm posted $1.74 EPS. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. Analysts predict that Boeing Co will post $9.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 12th will be issued a $1.42 dividend. The ex-dividend date is Wednesday, May 10th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.20%. Boeing’s payout ratio is 74.25%.

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A number of equities research analysts have recently weighed in on the company. Vetr upgraded Boeing from a “buy” rating to a “strong-buy” rating and set a $199.85 price target on the stock in a research note on Thursday. Cowen and Company restated an “outperform” rating and set a $215.00 price target on shares of Boeing in a research note on Wednesday. Deutsche Bank AG boosted their price target on Boeing from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Canaccord Genuity reiterated a “hold” rating and issued a $170.00 target price on shares of Boeing in a research report on Thursday, April 27th. Finally, Goldman Sachs Group Inc reiterated a “sell” rating and issued a $134.00 target price on shares of Boeing in a research report on Thursday, April 27th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Boeing has an average rating of “Hold” and an average price target of $167.08.

In other Boeing news, SVP Bertrand Marc Allen sold 15,470 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $183.62, for a total value of $2,840,601.40. Following the transaction, the senior vice president now directly owns 43,801 shares of the company’s stock, valued at approximately $8,042,739.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Timothy John Keating sold 32,500 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $184.51, for a total transaction of $5,996,575.00. Following the transaction, the senior vice president now owns 107,437 shares in the company, valued at approximately $19,823,200.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,403 shares of company stock worth $11,666,138. 0.58% of the stock is owned by insiders.

Boeing 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.

5 Day Chart for NYSE:BA

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