Boeing Company (The) (BA) Stake Reduced by Sawtooth Solutions LLC

Sawtooth Solutions LLC lowered its position in Boeing Company (The) (NYSE:BA) by 38.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,396 shares of the aircraft producer’s stock after selling 890 shares during the period. Sawtooth Solutions LLC’s holdings in Boeing Company (The) were worth $247,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Boeing Company (The) during the fourth quarter worth $109,000. MCF Advisors LLC boosted its stake in shares of Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after buying an additional 62 shares during the last quarter. Gemmer Asset Management LLC boosted its stake in shares of Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock worth $159,000 after buying an additional 302 shares during the last quarter. Pinnacle Bank bought a new stake in shares of Boeing Company (The) during the first quarter worth $160,000. Finally, Taylor Wealth Management Partners boosted its stake in shares of Boeing Company (The) by 61.6% in the first quarter. Taylor Wealth Management Partners now owns 918 shares of the aircraft producer’s stock worth $162,000 after buying an additional 350 shares during the last quarter. 74.44% of the stock is currently owned by institutional investors.

Boeing Company (NYSE BA) traded up 0.08% on Friday, hitting $235.77. 2,939,494 shares of the stock were exchanged. The company has a market capitalization of $139.36 billion, a PE ratio of 20.66 and a beta of 1.16. The company has a 50-day moving average price of $222.49 and a 200 day moving average price of $191.63. Boeing Company has a 1-year low of $126.31 and a 1-year high of $246.49.

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, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. During the same period in the prior year, the business earned ($0.44) EPS. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. Analysts anticipate that Boeing Company will post $9.99 EPS for the current fiscal year.

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

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Several analysts recently commented on BA shares. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $134.00 target price on shares of Boeing Company (The) in a research report on Thursday, April 27th. Zacks Investment Research upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a research report on Tuesday, July 11th. Barclays PLC increased their price target on Boeing Company (The) from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, May 22nd. Deutsche Bank AG increased their price target on Boeing Company (The) from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, Royal Bank Of Canada increased their price target on Boeing Company (The) from $138.00 to $146.00 and gave the company an “underperform” rating in a research note on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $230.62.

In related news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $4,848,762.94. Following the completion of the transaction, 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. Insiders sold a total of 83,468 shares of company stock valued at $20,353,814 over the last 90 days. Company 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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