DSC Advisors L.P. Buys Shares of 783 Boeing (BA)


DSC Advisors L.P. bought a new position in Boeing (NYSE:BA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 783 shares of the aircraft producer’s stock, valued at approximately $231,000.


A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Boeing by 2.2% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 6,821 shares of the aircraft producer’s stock worth $2,012,000 after buying an additional 146 shares during the last quarter. ProVise Management Group LLC boosted its stake in shares of Boeing by 2.5% during the 4th quarter. ProVise Management Group LLC now owns 6,095 shares of the aircraft producer’s stock worth $1,797,000 after buying an additional 150 shares during the last quarter. Hutchinson Capital Management CA boosted its stake in shares of Boeing by 1.5% during the 4th quarter. Hutchinson Capital Management CA now owns 10,313 shares of the aircraft producer’s stock worth $3,041,000 after buying an additional 154 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Boeing by 1.2% during the 4th quarter. Eagle Asset Management Inc. now owns 12,928 shares of the aircraft producer’s stock worth $4,355,000 after buying an additional 155 shares during the last quarter. Finally, Private Wealth Advisors Inc. boosted its stake in shares of Boeing by 15.3% during the 4th quarter. Private Wealth Advisors Inc. now owns 1,186 shares of the aircraft producer’s stock worth $350,000 after buying an additional 157 shares during the last quarter. 70.90% of the stock is owned by hedge funds and other institutional investors.


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In other news, EVP J Michael Luttig sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $344.13, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Gregory L. Hyslop sold 2,241 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $340.27, for a total transaction of $762,545.07. Following the transaction, the senior vice president now directly owns 21,425 shares in the company, valued at $7,290,284.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,373 shares of company stock worth $4,233,094. Insiders own 0.24% of the company’s stock.


A number of research firms have recently commented on BA. Bank of America restated a “buy” rating and set a $470.00 price objective (up from $395.00) on shares of Boeing in a research note on Thursday, February 1st. Canaccord Genuity increased their price objective on shares of Boeing from $290.00 to $345.00 and gave the stock a “hold” rating in a research note on Thursday, February 1st. Credit Suisse Group set a $443.00 price objective on shares of Boeing and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Societe Generale set a $373.00 price objective on shares of Boeing and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Finally, Sanford C. Bernstein increased their price objective on shares of Boeing from $402.00 to $422.00 in a research note on Friday, February 2nd. Seven analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $374.63.


Boeing stock opened at $351.23 on Friday. The stock has a market capitalization of $200.49 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.71 and a beta of 1.39. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 8.07. Boeing has a twelve month low of $176.77 and a twelve month high of $371.60.

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


The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 11th will be issued a $1.71 dividend. The ex-dividend date is Thursday, May 10th. This represents a $6.84 annualized dividend and a yield of 1.95%. Boeing’s dividend payout ratio is currently 56.81%.

Boeing 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.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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