Boeing Company (The) (BA) Shares Sold by IBM Retirement Fund

IBM Retirement Fund decreased its stake in Boeing Company (The) (NYSE:BA) by 28.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,321 shares of the aircraft producer’s stock after selling 22,481 shares during the period. IBM Retirement Fund’s holdings in Boeing Company (The) were worth $7,420,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Nelson Roberts Investment Advisors LLC boosted its stake in shares of Boeing Company (The) by 23.7% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 940 shares of the aircraft producer’s stock valued at $122,000 after buying an additional 180 shares during the last quarter. Van Hulzen Asset Management LLC boosted its stake in shares of Boeing Company (The) by 11.1% in the second quarter. Van Hulzen Asset Management LLC now owns 1,000 shares of the aircraft producer’s stock valued at $130,000 after buying an additional 100 shares during the last quarter. Cascade Investment Advisors Inc. acquired a new stake in shares of Boeing Company (The) during the second quarter valued at approximately $136,000. SevenBridge Financial Group LLC acquired a new stake in shares of Boeing Company (The) during the second quarter valued at approximately $142,000. Finally, Kelly Lawrence W & Associates Inc. CA boosted its stake in shares of Boeing Company (The) by 25.5% in the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 1,155 shares of the aircraft producer’s stock valued at $150,000 after buying an additional 235 shares during the last quarter. 72.77% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

Shares of Boeing Company (NYSE:BA) traded down 0.15% during mid-day trading on Wednesday, reaching $158.83. 955,813 shares of the company traded hands. The company has a market capitalization of $98.02 billion, a P/E ratio of 24.27 and a beta of 1.05. The firm’s 50 day moving average price is $154.97 and its 200-day moving average price is $139.31. Boeing Company has a 52-week low of $102.10 and a 52-week high of $160.07.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 26th. The aircraft producer reported $3.51 EPS for the quarter, beating the consensus estimate of $2.62 by $0.89. The company earned $23.90 billion during the quarter, compared to analysts’ expectations of $23.73 billion. Boeing Company (The) had a return on equity of 126.01% and a net margin of 4.52%. The firm’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.52 EPS. Equities analysts predict that Boeing Company will post $7.10 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Friday, February 10th will be issued a $1.42 dividend. This is a boost from Boeing Company (The)’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Wednesday, February 8th. This represents a $5.68 annualized dividend and a yield of 3.57%. Boeing Company (The)’s payout ratio is 66.36%.

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BA has been the subject of several analyst reports. Deutsche Bank AG boosted their target price on shares of Boeing Company (The) from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, December 5th. Argus boosted their target price on shares of Boeing Company (The) from $143.31 to $160.00 and gave the company a “buy” rating in a research note on Friday, October 28th. Citigroup Inc. decreased their target price on shares of Boeing Company (The) from $168.00 to $160.00 and set a “buy” rating for the company in a research note on Monday, September 19th. Barclays PLC decreased their target price on shares of Boeing Company (The) from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, October 6th. Finally, Zacks Investment Research cut shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $147.85.

In other Boeing Company (The) news, EVP J Michael Luttig sold 200,754 shares of Boeing Company (The) stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $142.46, for a total value of $28,599,414.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.58% of the stock is owned by company insiders.

Boeing Company (The) Company Profile

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.

5 Day Chart for NYSE:BA

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