Advantage Investment Management LLC cut its position in Boeing Company (The) (NYSE:BA) by 13.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,214 shares of the aircraft producer’s stock after selling 190 shares during the period. Advantage Investment Management LLC’s holdings in Boeing Company (The) were worth $215,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of BA. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Boeing Company (The) during the fourth quarter valued at about $109,000. MCF Advisors LLC increased its stake in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares in the last quarter. Gemmer Asset Management LLC increased its stake in Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock valued at $159,000 after buying an additional 302 shares in the last quarter. Pinnacle Bank purchased a new stake in Boeing Company (The) during the first quarter valued at approximately $160,000. Finally, Taylor Wealth Management Partners increased its stake in Boeing Company (The) by 61.6% in the first quarter. Taylor Wealth Management Partners now owns 918 shares of the aircraft producer’s stock valued at $162,000 after buying an additional 350 shares in the last quarter. 74.47% of the stock is currently owned by institutional investors.
Boeing Company (NYSE:BA) traded up 0.86% during mid-day trading on Friday, hitting $234.88. The company’s stock had a trading volume of 3,457,746 shares. Boeing Company has a 12-month low of $126.31 and a 12-month high of $246.49. The firm’s 50-day moving average is $216.13 and its 200-day moving average is $188.54. The company has a market cap of $138.83 billion, a P/E ratio of 20.58 and a beta of 1.16.
Boeing Company (The) (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating the consensus estimate of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The firm had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. During the same quarter in the prior year, the business posted ($0.44) EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. Analysts predict that Boeing Company will post $9.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Wednesday, August 9th. Boeing Company (The)’s payout ratio is 49.74%.
BA has been the subject of several recent research reports. Vetr downgraded Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price target for the company. in a report on Wednesday, July 26th. Zacks Investment Research downgraded Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Credit Suisse Group upgraded Boeing Company (The) from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $200.00 to $300.00 in a report on Thursday, July 27th. UBS AG upped their price target on Boeing Company (The) from $180.00 to $253.00 and gave the stock a “neutral” rating in a report on Friday, August 4th. Finally, ValuEngine upgraded Boeing Company (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $228.31.
In other Boeing Company (The) news, Chairman Dennis A. Muilenburg sold 56,838 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the sale, the chairman now directly owns 127,778 shares of the company’s stock, valued at approximately $31,108,831.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gregory D. Smith sold 19,757 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $245.42, for a total value of $4,848,762.94. Following the sale, the chief financial officer now directly owns 152,195 shares in the company, valued at $37,351,696.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is owned by insiders.
Boeing Company (The) Company Profile
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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