RKL Wealth Management LLC Sells 417 Shares of Boeing Co (NYSE:BA)

Share on StockTwits

RKL Wealth Management LLC decreased its position in shares of Boeing Co (NYSE:BA) by 34.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 804 shares of the aircraft producer’s stock after selling 417 shares during the quarter. RKL Wealth Management LLC’s holdings in Boeing were worth $292,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. NuWave Investment Management LLC raised its holdings in shares of Boeing by 554.5% in the second quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Boeing by 128.1% in the first quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after buying an additional 41 shares during the period. Guidant Wealth Advisors acquired a new position in shares of Boeing in the second quarter valued at approximately $28,000. Next Capital Management LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $32,000. Finally, Clarfeld Financial Advisors LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $40,000. 67.81% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on BA shares. Berenberg Bank reaffirmed a “buy” rating and issued a $400.00 price objective on shares of Boeing in a research note on Tuesday, August 6th. Canaccord Genuity set a $380.00 target price on Boeing and gave the company a “hold” rating in a report on Friday, July 19th. Barclays cut Boeing from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $417.00 to $367.00 in a report on Tuesday, May 7th. Credit Suisse Group reiterated a “buy” rating and issued a $425.00 target price on shares of Boeing in a report on Thursday, July 25th. Finally, Wolfe Research cut Boeing from an “outperform” rating to a “peer perform” rating and reduced their target price for the company from $404.00 to $393.00 in a report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. Boeing presently has an average rating of “Hold” and an average price target of $403.10.

Shares of Boeing stock traded up $3.10 on Monday, reaching $333.55. 62,808 shares of the company’s stock were exchanged, compared to its average volume of 5,020,733. The company has a market capitalization of $184.57 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 9.71 and a beta of 1.27. Boeing Co has a 52 week low of $292.47 and a 52 week high of $446.01. The firm’s 50-day moving average is $350.82 and its two-hundred day moving average is $372.62. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.03.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $1.07. The firm had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.05 billion. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The company’s revenue for the quarter was down 35.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.33 EPS. On average, analysts expect that Boeing Co will post 4.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a dividend of $2.055 per share. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Thursday, August 8th. Boeing’s payout ratio is 51.34%.

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.

Further Reading: How accurate is the Rule of 72?

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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



Latest News

Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
$1.31 EPS Expected for Microchip Technology Inc.  This Quarter
$1.31 EPS Expected for Microchip Technology Inc. This Quarter
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
-$0.63 Earnings Per Share Expected for Instructure Inc  This Quarter
-$0.63 Earnings Per Share Expected for Instructure Inc This Quarter


© 2006-2019 Ticker Report