Focused Wealth Management Inc Has $237,000 Stake in Boeing Co (BA)

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Focused Wealth Management Inc lowered its stake in Boeing Co (NYSE:BA) by 47.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 724 shares of the aircraft producer’s stock after selling 648 shares during the quarter. Focused Wealth Management Inc’s holdings in Boeing were worth $237,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in BA. Stonehearth Capital Management LLC acquired a new stake in Boeing in the 4th quarter valued at $105,000. Solaris Asset Management LLC acquired a new stake in Boeing in the 4th quarter valued at $111,000. Advisors Preferred LLC acquired a new stake in Boeing in the 1st quarter valued at $111,000. Welch Group LLC acquired a new stake in Boeing in the 4th quarter valued at $120,000. Finally, SWS Partners acquired a new stake in Boeing in the 4th quarter valued at $123,000. 69.40% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the stock. Buckingham Research lifted their price target on shares of Boeing from $289.00 to $324.00 and gave the company a “hold” rating in a research note on Monday, June 4th. Canaccord Genuity reissued a “hold” rating and issued a $350.00 price target on shares of Boeing in a research note on Wednesday, May 2nd. Cowen reissued a “buy” rating and issued a $430.00 price target on shares of Boeing in a research note on Tuesday, May 1st. Barclays raised their price objective on Boeing from $388.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, April 27th. Finally, Nord/LB restated a “buy” rating and issued a $385.00 price objective on shares of Boeing in a report on Thursday, April 26th. Seven equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $376.03.

In related news, EVP J Michael Luttig sold 9,000 shares of the business’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $344.13, for a total value of $3,097,170.00. Following the sale, the executive vice president now directly owns 27,878 shares in the company, valued at approximately $9,593,656.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Heidi B. Capozzi sold 1,132 shares of the business’s stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $329.84, for a total transaction of $373,378.88. Following the completion of the sale, the senior vice president now owns 24,416 shares in the company, valued at $8,053,373.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,373 shares of company stock worth $4,233,094. Insiders own 0.24% of the company’s stock.

NYSE BA opened at $337.66 on Friday. Boeing Co has a 52 week low of $196.45 and a 52 week high of $374.48. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.33 and a current ratio of 1.15. The firm has a market cap of $199.64 billion, a PE ratio of 28.04, a P/E/G ratio of 1.70 and a beta of 1.38.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 25th. The aircraft producer reported $3.64 EPS for the quarter, topping the consensus estimate of $2.59 by $1.05. Boeing had a return on equity of 3,774.27% and a net margin of 9.63%. The business had revenue of $23.38 billion for the quarter, compared to analyst estimates of $22.22 billion. During the same quarter in the previous year, the firm earned $2.01 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. sell-side analysts expect that Boeing Co will post 14.67 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 11th were issued a dividend of $1.71 per share. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $6.84 annualized dividend and a dividend yield of 2.03%. Boeing’s dividend payout ratio is presently 56.81%.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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