Genovese Burford & Brothers Wealth & Retirement Plan Management LLC Has $198,000 Position in Boeing (BA)

Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Boeing (NYSE:BA) by 1,223.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556 shares of the aircraft producer’s stock after purchasing an additional 514 shares during the quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s holdings in Boeing were worth $198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Boeing by 2.1% during the 4th quarter. BlackRock Inc. now owns 35,515,544 shares of the aircraft producer’s stock worth $10,473,889,000 after acquiring an additional 713,832 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Boeing by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 5,811,840 shares of the aircraft producer’s stock worth $1,710,303,000 after acquiring an additional 296,949 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Boeing by 1.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 3,427,749 shares of the aircraft producer’s stock worth $1,010,877,000 after acquiring an additional 41,260 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Boeing by 13.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock worth $870,618,000 after acquiring an additional 402,240 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Boeing by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,275,519 shares of the aircraft producer’s stock worth $965,756,000 after acquiring an additional 122,278 shares in the last quarter. 70.90% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the company. Canaccord Genuity reaffirmed a “hold” rating and set a $350.00 price objective on shares of Boeing in a research report on Wednesday, May 2nd. Cowen reaffirmed a “buy” rating and set a $430.00 price objective on shares of Boeing in a research report on Tuesday, May 1st. Barclays upped their price objective on Boeing from $388.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, April 27th. Nord/LB reaffirmed a “buy” rating and set a $385.00 price objective on shares of Boeing in a research report on Thursday, April 26th. Finally, Wells Fargo upped their target price on Boeing from $365.00 to $370.00 and gave the company a “market perform” rating in a research report on Thursday, April 26th. Seven analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $374.63.

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

BA opened at $344.14 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 8.07. The company has a market cap of $198.64 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 1.69 and a beta of 1.39. Boeing has a 52 week low of $341.44 and a 52 week high of $343.56.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 25th. The aircraft producer reported $3.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.59 by $1.05. The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $22.22 billion. Boeing had a return on equity of 3,774.27% and a net margin of 9.63%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.01 EPS. equities research analysts expect that Boeing will post 14.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, May 10th. Boeing’s dividend payout ratio (DPR) is 56.81%.

Boeing Company Profile

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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