The Boeing Co. (BA) Position Maintained by Macnealy Hoover Investment Management Inc.

The Boeing Co. (BA) Position Maintained by Macnealy Hoover Investment Management Inc.

Macnealy Hoover Investment Management Inc. maintained its stake in shares of Boeing Co. (NYSE:BA) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,850 shares of the aircraft producer’s stock at the end of the third quarter. Macnealy Hoover Investment Management Inc.’s holdings in Boeing were worth $244,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the stock. Berson & Corrado Investment Advisors LLC boosted its position in shares of Boeing by 3.6% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 38,900 shares of the aircraft producer’s stock worth $5,052,000 after buying an additional 1,334 shares during the period. Stillwater Investment Management LLC boosted its position in shares of 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 during the period. Exxonmobil Investment Management Inc. TX boosted its position in shares of Boeing by 2.2% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 154,997 shares of the aircraft producer’s stock worth $20,129,000 after buying an additional 3,372 shares during the period. LVM Capital Management Ltd. MI boosted its position in shares of Boeing by 4.4% in the second quarter. LVM Capital Management Ltd. MI now owns 59,620 shares of the aircraft producer’s stock worth $7,743,000 after buying an additional 2,530 shares during the period. Finally, Founders Financial Securities LLC bought a new position in shares of Boeing during the second quarter worth about $1,992,000. 75.43% of the stock is owned by institutional investors and hedge funds.

Boeing Co. (NYSE:BA) traded up 0.20% on Friday, hitting $150.04. 962,387 shares of the stock traded hands. Boeing Co. has a 12-month low of $102.10 and a 12-month high of $150.81. The stock has a 50-day moving average of $141.51 and a 200-day moving average of $133.75. The firm has a market cap of $92.60 billion, a price-to-earnings ratio of 22.93 and a beta of 1.02.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 26th. The aircraft producer reported $3.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.89. Boeing had a net margin of 4.52% and a return on equity of 126.01%. The business earned $23.90 billion during the quarter, compared to analysts’ expectations of $23.73 billion. During the same period in the previous year, the company earned $2.52 earnings per share. Boeing’s revenue for the quarter was down 7.5% on a year-over-year basis. Analysts forecast that Boeing Co. will post $7.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Tuesday, November 8th. Boeing’s payout ratio is 66.36%.

A number of brokerages have issued reports on BA. Vetr cut shares of Boeing from a “hold” rating to a “sell” rating and set a $142.21 target price for the company. in a report on Thursday. Goldman Sachs Group Inc. set a $109.00 price target on shares of Boeing and gave the company a “sell” rating in a research report on Thursday, October 27th. TheStreet upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Societe Generale set a $148.00 price target on shares of Boeing and gave the company a “neutral” rating in a research report on Friday, October 28th. Finally, Argus increased their price target on shares of Boeing from $143.31 to $160.00 and gave the company a “buy” rating in a research report on Friday, October 28th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $147.99.

In other news, EVP J Michael Luttig sold 200,754 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $142.46, for a total value of $28,599,414.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.58% of the stock is currently owned by insiders.

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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