Boeing Company (The) (BA) Shares Sold by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. trimmed its holdings in Boeing Company (The) (NYSE:BA) by 0.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,122 shares of the aircraft producer’s stock after selling 468 shares during the quarter. Boeing Company (The) comprises approximately 1.6% of Edgemoor Investment Advisors Inc.’s portfolio, making the stock its 20th biggest position. Edgemoor Investment Advisors Inc.’s holdings in Boeing Company (The) were worth $11,889,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. LMR Partners LLP acquired a new position in Boeing Company (The) in the second quarter valued at approximately $4,904,000. Allegis Investment Advisors LLC acquired a new position in Boeing Company (The) in the second quarter valued at approximately $351,000. Investment Partners Ltd. OH ADV boosted its holdings in Boeing Company (The) by 1.1% in the first quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock valued at $1,274,000 after purchasing an additional 79 shares in the last quarter. Blair William & Co. IL boosted its holdings in Boeing Company (The) by 4.1% in the second quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock valued at $31,170,000 after purchasing an additional 6,141 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its holdings in Boeing Company (The) by 7.9% in the first quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock valued at $1,199,000 after purchasing an additional 499 shares in the last quarter. 72.23% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on BA. Vetr downgraded Boeing Company (The) from a “hold” rating to a “sell” rating and set a $254.15 price target for the company. in a report on Monday, October 23rd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $310.00 price target (up from $300.00) on shares of Boeing Company (The) in a report on Tuesday, October 24th. Morgan Stanley upped their price target on Boeing Company (The) from $260.00 to $285.00 and gave the company an “equal weight” rating in a report on Tuesday, October 24th. Cowen and Company reiterated a “buy” rating and issued a $315.00 price objective on shares of Boeing Company (The) in a research note on Thursday, October 26th. Finally, J P Morgan Chase & Co reiterated a “buy” rating and issued a $300.00 price objective on shares of Boeing Company (The) in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. Boeing Company (The) has a consensus rating of “Buy” and a consensus target price of $256.21.

In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.28% of the stock is owned by insiders.

Boeing Company (NYSE BA) opened at 257.98 on Wednesday. The stock has a market cap of $152.49 billion, a PE ratio of 22.60 and a beta of 1.21. Boeing Company has a 52-week low of $138.80 and a 52-week high of $267.21. The firm has a 50-day moving average price of $256.44 and a 200 day moving average price of $219.62.

Boeing Company (The) (NYSE:BA) last announced its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. Boeing Company (The) had a return on equity of 12,064.25% and a net margin of 7.33%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.51 EPS. Equities analysts anticipate that Boeing Company will post $10.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.20%. The ex-dividend date is Thursday, November 9th. Boeing Company (The)’s payout ratio is currently 52.21%.

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Boeing Company (The) 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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