BRYN MAWR TRUST Co Sells 265 Shares of Boeing Company (The) (BA)

BRYN MAWR TRUST Co trimmed its stake in shares of Boeing Company (The) (NYSE:BA) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,401 shares of the aircraft producer’s stock after selling 265 shares during the quarter. BRYN MAWR TRUST Co’s holdings in Boeing were worth $871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Acrospire Investment Management LLC raised its stake in shares of Boeing by 14.3% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the aircraft producer’s stock valued at $158,000 after acquiring an additional 100 shares during the last quarter. Bank Hapoalim BM raised its stake in shares of Boeing by 3.3% in the second quarter. Bank Hapoalim BM now owns 1,223 shares of the aircraft producer’s stock valued at $242,000 after acquiring an additional 39 shares during the last quarter. Verity Asset Management Inc. raised its stake in shares of Boeing by 32.6% in the second quarter. Verity Asset Management Inc. now owns 1,747 shares of the aircraft producer’s stock valued at $346,000 after acquiring an additional 430 shares during the last quarter. Sandy Spring Bank raised its stake in shares of Boeing by 4.8% in the second quarter. Sandy Spring Bank now owns 8,088 shares of the aircraft producer’s stock valued at $1,599,000 after acquiring an additional 374 shares during the last quarter. Finally, BT Investment Management Ltd bought a new position in shares of Boeing in the second quarter valued at approximately $26,409,000. 70.81% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Cowen reiterated a “buy” rating and issued a $315.00 target price on shares of Boeing in a research note on Thursday, October 26th. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Nord/LB set a $250.00 target price on shares of Boeing and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Finally, Sanford C. Bernstein lifted their target price on shares of Boeing from $303.00 to $310.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $257.81.

Boeing Company (BA) opened at $277.42 on Monday. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. Boeing Company has a 1 year low of $150.02 and a 1 year high of $278.73. The firm has a market cap of $161,628.09, a P/E ratio of 27.83, a P/E/G ratio of 2.07 and a beta of 1.24.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The firm had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. During the same quarter in the previous year, the company posted $3.51 EPS. Boeing’s revenue was up 1.7% on a year-over-year basis. analysts expect that Boeing Company will post 10.1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.05%. The ex-dividend date was Thursday, November 9th. Boeing’s dividend payout ratio (DPR) is presently 52.21%.

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Boeing 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 (NYSE:BA)

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