Advantage Investment Management LLC Reduces Stake in Boeing Company (The) (NYSE:BA)

Advantage Investment Management LLC lowered its stake in Boeing Company (The) (NYSE:BA) by 13.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. LSV Asset Management increased its position in Boeing Company (The) by 4.9% in the first quarter. LSV Asset Management now owns 2,985,054 shares of the aircraft producer’s stock valued at $527,936,000 after buying an additional 138,170 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Boeing Company (The) by 30.6% in the first quarter. Bank of Montreal Can now owns 2,968,297 shares of the aircraft producer’s stock worth $524,974,000 after buying an additional 694,658 shares in the last quarter. Swiss National Bank increased its stake in shares of Boeing Company (The) by 25.2% in the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock worth $367,407,000 after buying an additional 418,500 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Boeing Company (The) by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,805,230 shares of the aircraft producer’s stock worth $319,273,000 after buying an additional 29,636 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Boeing Company (The) by 7.2% in the first quarter. UBS Asset Management Americas Inc. now owns 1,686,459 shares of the aircraft producer’s stock worth $298,267,000 after buying an additional 112,722 shares in the last quarter. 74.44% of the stock is owned by institutional investors.

Shares of Boeing Company (BA) opened at 235.77 on Friday. The stock’s 50 day moving average is $222.49 and its 200 day moving average is $191.63. The firm has a market cap of $139.36 billion, a price-to-earnings ratio of 20.66 and a beta of 1.16. Boeing Company has a 12-month low of $126.31 and a 12-month high of $246.49.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. The company had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.44) EPS. Equities analysts expect that Boeing Company will post $9.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s payout ratio is 49.74%.

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A number of equities research analysts have recently commented on the company. Royal Bank Of Canada lifted their price objective on Boeing Company (The) from $138.00 to $146.00 and gave the company an “underperform” rating in a research report on Thursday, April 27th. Argus reissued a “buy” rating and set a $270.00 price target on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Vetr cut Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 price objective on the stock. in a research note on Wednesday. Finally, Canaccord Genuity restated a “hold” rating and set a $170.00 price objective on shares of Boeing Company (The) in a research note on Sunday, July 9th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $230.62.

In other news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction 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 firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the completion of the sale, the chief financial officer now owns 152,195 shares of the company’s stock, valued at $37,351,696.90. The disclosure for this sale can be found here. In the last three months, insiders sold 83,468 shares of company stock valued at $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.

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

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