Today, Welch & Forbes LLC Buys 27 Shares of Boeing Co. (BA)

Today, Welch & Forbes LLC Buys 27 Shares of Boeing Co. (BA)
Welch & Forbes LLC boosted its stake in shares of Boeing Co. (NYSE:BA) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,656 shares of the aircraft producer’s stock after buying an additional 27 shares during the period. Welch & Forbes LLC’s holdings in Boeing were worth $1,536,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Arcus Capital Partners LLC boosted its stake in Boeing by 0.8% in the second quarter. Arcus Capital Partners LLC now owns 1,590 shares of the aircraft producer’s stock worth $207,000 after buying an additional 13 shares in the last quarter. Mycio Wealth Partners LLC boosted its stake in Boeing by 0.3% in the second quarter. Mycio Wealth Partners LLC now owns 3,813 shares of the aircraft producer’s stock worth $495,000 after buying an additional 13 shares in the last quarter. Bangor Savings Bank boosted its stake in Boeing by 0.6% in the third quarter. Bangor Savings Bank now owns 2,221 shares of the aircraft producer’s stock worth $292,000 after buying an additional 14 shares in the last quarter. Everett Harris & Co. CA boosted its stake in Boeing by 0.4% in the second quarter. Everett Harris & Co. CA now owns 3,902 shares of the aircraft producer’s stock worth $507,000 after buying an additional 15 shares in the last quarter. Finally, Stillwater Investment Management LLC boosted its stake in Boeing by 0.8% in the second quarter. Stillwater Investment Management LLC now owns 1,949 shares of the aircraft producer’s stock worth $253,000 after buying an additional 16 shares in the last quarter. 75.43% of the stock is owned by hedge funds and other institutional investors.

Shares of Boeing Co. (NYSE:BA) opened at 150.04 on Friday. The stock has a 50 day moving average price of $141.51 and a 200 day moving average price of $133.75. The firm has a market capitalization of $92.60 billion, a P/E ratio of 22.93 and a beta of 1.02. Boeing Co. has a 12-month low of $102.10 and a 12-month high of $150.81.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 26th. The aircraft producer reported $3.51 EPS for the quarter, beating the consensus estimate of $2.62 by $0.89. The business had revenue of $23.90 billion for the quarter, compared to the consensus estimate of $23.73 billion. Boeing had a return on equity of 126.01% and a net margin of 4.52%. The company’s revenue was down 7.5% on a year-over-year basis. During the same period last year, the business posted $2.52 EPS. Equities analysts anticipate that Boeing Co. will post $7.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 11th will be issued a dividend of $1.09 per share. The ex-dividend date is Tuesday, November 8th. This represents a $4.36 annualized dividend and a dividend yield of 2.91%. Boeing’s payout ratio is currently 66.36%.

Several equities research analysts have issued reports on BA shares. Vetr raised shares of Boeing from a “sell” rating to a “hold” rating and set a $129.80 target price on the stock in a research note on Monday, August 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $145.00 target price on shares of Boeing in a research note on Sunday, July 31st. Argus reaffirmed a “buy” rating and set a $155.00 target price on shares of Boeing in a research note on Wednesday, August 3rd. Jefferies Group reaffirmed a “buy” rating and set a $165.00 target price on shares of Boeing in a research note on Friday, August 19th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $144.00 target price on shares of Boeing in a research note on Thursday, August 25th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $147.99.

In related news, EVP J Michael Luttig sold 200,754 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $142.46, for a total transaction of $28,599,414.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

About Boeing

The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.

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