Boeing Company (The) (BA) Shares Sold by Geneva Advisors LLC

Geneva Advisors LLC lessened its holdings in shares of Boeing Company (The) (NYSE:BA) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,657 shares of the aircraft producer’s stock after selling 1,237 shares during the quarter. Geneva Advisors LLC’s holdings in Boeing Company (The) were worth $10,413,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BA. Proficio Capital Partners LLC raised its stake in Boeing Company (The) by 181.9% during the 1st quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after buying an additional 402 shares during the period. MCF Advisors LLC raised its stake in Boeing Company (The) by 9.5% during the 1st 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 period. SRS Capital Advisors Inc. raised its stake in Boeing Company (The) by 16.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after buying an additional 107 shares during the period. Catamount Wealth Management acquired a new stake in Boeing Company (The) during the 2nd quarter worth $138,000. Finally, Herndon Capital Management LLC raised its stake in Boeing Company (The) by 29.7% during the 2nd quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock worth $142,000 after buying an additional 165 shares during the period. 72.23% of the stock is currently owned by institutional investors and hedge funds.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $3.51 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $5.68 annualized dividend and a yield of 2.16%. Boeing Company (The)’s dividend payout ratio (DPR) is 52.21%.

In other Boeing Company (The) 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

Several analysts recently commented on BA shares. Royal Bank Of Canada reaffirmed a “sell” rating and set a $146.00 price objective on shares of Boeing Company (The) in a research note on Friday, July 7th. Canaccord Genuity reissued a “hold” rating and issued a $170.00 price target on shares of Boeing Company (The) in a research note on Sunday, July 9th. Jefferies Group LLC lifted their price target on Boeing Company (The) from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Robert W. Baird lifted their price target on Boeing Company (The) from $208.00 to $240.00 and gave the company an “outperform” rating in a research note on Monday, July 10th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Boeing Company (The) in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $255.94.

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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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