Harvey Capital Management Inc. continued to hold its stake in shares of Boeing Company (The) (NYSE:BA) during the third quarter, Holdings Channel reports. The fund owned 16,345 shares of the aircraft producer’s stock at the end of the third quarter. Harvey Capital Management Inc.’s holdings in Boeing Company (The) were worth $2,153,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Capital World Investors increased its stake in Boeing Company (The) by 8.8% in the second quarter. Capital World Investors now owns 47,676,799 shares of the aircraft producer’s stock worth $6,191,786,000 after buying an additional 3,866,637 shares during the period. Capital Research Global Investors increased its stake in Boeing Company (The) by 15.8% in the second quarter. Capital Research Global Investors now owns 19,728,620 shares of the aircraft producer’s stock worth $2,562,156,000 after buying an additional 2,690,120 shares during the period. Bank of Montreal Can purchased a new stake in Boeing Company (The) during the second quarter worth $316,346,000. Prudential Financial Inc. increased its stake in Boeing Company (The) by 70.7% in the second quarter. Prudential Financial Inc. now owns 1,353,402 shares of the aircraft producer’s stock worth $175,766,000 after buying an additional 560,505 shares during the period. Finally, Greenhaven Associates Inc. increased its stake in Boeing Company (The) by 31.2% in the third quarter. Greenhaven Associates Inc. now owns 1,728,295 shares of the aircraft producer’s stock worth $227,686,000 after buying an additional 410,708 shares during the period. 72.77% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

Boeing Company (NYSE:BA) traded up 0.35% during midday trading on Friday, hitting $158.85. The stock had a trading volume of 1,823,329 shares. The company has a market capitalization of $98.04 billion, a PE ratio of 24.27 and a beta of 1.05. The company’s 50-day moving average price is $155.53 and its 200 day moving average price is $139.59. Boeing Company has a 52 week low of $102.10 and a 52 week high of $160.07.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 26th. The aircraft producer reported $3.51 EPS for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.89. Boeing Company (The) had a return on equity of 126.01% and a net margin of 4.52%. The company earned $23.90 billion during the quarter, compared to analysts’ expectations of $23.73 billion. During the same period in the prior year, the company earned $2.52 EPS. Boeing Company (The)’s revenue was down 7.5% compared to the same quarter last year. On average, analysts expect that Boeing Company will post $7.10 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Investors of record on Friday, February 10th will be given a dividend of $1.42 per share. This is a positive change from Boeing Company (The)’s previous quarterly dividend of $1.09. This represents a $5.68 annualized dividend and a yield of 3.59%. The ex-dividend date is Wednesday, February 8th. Boeing Company (The)’s dividend payout ratio (DPR) is currently 66.36%.

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BA has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Boeing Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday. Credit Suisse Group reissued a “neutral” rating and issued a $148.00 price objective on shares of Boeing Company (The) in a research note on Friday, September 23rd. Royal Bank Of Canada initiated coverage on Boeing Company (The) in a research note on Thursday. They issued an “underperform” rating and a $136.00 price objective on the stock. Vetr raised Boeing Company (The) from a “sell” rating to a “hold” rating and set a $153.66 price objective on the stock in a research note on Thursday, December 22nd. Finally, Citigroup Inc. cut their price objective on Boeing Company (The) from $168.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, September 19th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Boeing Company (The) currently has an average rating of “Hold” and a consensus price target of $147.51.

In related news, EVP J Michael Luttig sold 200,754 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $142.46, for a total transaction of $28,599,414.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.58% of the company’s stock.

About Boeing Company (The)

The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.

5 Day Chart for NYSE:BA

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