Asset Management One Co. Ltd. Sells 80,928 Shares of Boeing Company (The) (NYSE:BA)

Asset Management One Co. Ltd. lowered its position in shares of Boeing Company (The) (NYSE:BA) by 7.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 954,071 shares of the aircraft producer’s stock after selling 80,928 shares during the period. Asset Management One Co. Ltd.’s holdings in Boeing Company (The) were worth $168,812,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GWM Advisors LLC raised its position in Boeing Company (The) by 0.6% in the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after buying an additional 8 shares in the last quarter. Howe & Rusling Inc. raised its position in Boeing Company (The) by 0.3% in the first quarter. Howe & Rusling Inc. now owns 2,898 shares of the aircraft producer’s stock worth $512,000 after buying an additional 9 shares in the last quarter. Arcus Capital Partners LLC raised its position in Boeing Company (The) by 0.8% in the first quarter. Arcus Capital Partners LLC now owns 1,628 shares of the aircraft producer’s stock worth $288,000 after buying an additional 13 shares in the last quarter. Vicus Capital raised its position in Boeing Company (The) by 1.0% in the first quarter. Vicus Capital now owns 1,382 shares of the aircraft producer’s stock worth $244,000 after buying an additional 14 shares in the last quarter. Finally, Trust Co. of Virginia VA raised its stake in shares of Boeing Company (The) by 0.5% in the first quarter. Trust Co. of Virginia VA now owns 3,239 shares of the aircraft producer’s stock worth $573,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors own 74.44% of the company’s stock.

Boeing Company (BA) opened at 235.77 on Friday. The company has a market capitalization of $139.36 billion, a price-to-earnings ratio of 20.66 and a beta of 1.16. Boeing Company has a 52-week low of $126.31 and a 52-week high of $246.49. The company’s 50-day moving average is $222.49 and its 200-day moving average is $191.63.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. During the same quarter in the previous year, the company posted ($0.44) EPS. The company’s revenue was down 8.1% compared to the same quarter last year. On average, analysts expect that Boeing Company will post $9.99 earnings per share for the current fiscal year.

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

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BA has been the topic of a number of recent research reports. Morgan Stanley set a $260.00 target price on shares of Boeing Company (The) and gave the stock a “hold” rating in a report on Thursday. Vetr downgraded shares of Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 price objective on the stock. in a report on Wednesday. Sanford C. Bernstein restated an “outperform” rating and set a $274.00 price objective on shares of Boeing Company (The) in a report on Friday, August 11th. Zacks Investment Research downgraded shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, UBS AG lifted their target price on shares of Boeing Company (The) from $180.00 to $253.00 and gave the company a “neutral” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $230.62.

In related news, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction on Monday, August 7th. The stock was 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 at this hyperlink. Also, CFO Gregory D. Smith sold 19,757 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $245.42, for a total value of $4,848,762.94. Following the transaction, the chief financial officer now owns 152,195 shares of the company’s stock, valued at approximately $37,351,696.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,468 shares of company stock worth $20,353,814. Corporate insiders own 0.28% of the company’s stock.

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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