Ronald Blue & Co. LLC reduced its position in shares of Boeing Company (The) (NYSE:BA) by 13.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,154 shares of the aircraft producer’s stock after selling 955 shares during the period. Ronald Blue & Co. LLC’s holdings in Boeing Company (The) were worth $1,217,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC increased its position in shares of Boeing Company (The) by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after acquiring an additional 402 shares during the last quarter. MCF Advisors LLC increased its position in shares of Boeing Company (The) by 9.5% during the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after acquiring an additional 62 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Boeing Company (The) by 16.9% during the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after acquiring an additional 107 shares during the last quarter. Tarbox Group Inc. increased its position in shares of Boeing Company (The) by 298.8% during the first quarter. Tarbox Group Inc. now owns 989 shares of the aircraft producer’s stock valued at $175,000 after acquiring an additional 741 shares during the last quarter. Finally, Central Bank & Trust Co. increased its position in shares of Boeing Company (The) by 430.5% during the first quarter. Central Bank & Trust Co. now owns 1,061 shares of the aircraft producer’s stock valued at $187,000 after acquiring an additional 861 shares during the last quarter. Hedge funds and other institutional investors own 72.17% of the company’s stock.

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In other news, CFO Gregory D. Smith sold 19,757 shares of the stock in a transaction that occurred on 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 directly owns 152,195 shares in the company, valued at approximately $37,351,696.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Heidi B. Capozzi sold 4,217 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total value of $1,018,447.67. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,468 shares of company stock valued at $20,353,814. Company insiders own 0.28% of the company’s stock.

Shares of Boeing Company (NYSE BA) opened at 258.89 on Friday. Boeing Company has a 12 month low of $131.39 and a 12 month high of $259.30. The stock’s 50 day moving average is $245.51 and its 200 day moving average is $208.65. The stock has a market cap of $153.03 billion, a P/E ratio of 22.68 and a beta of 1.21.

Boeing Company (The) (NYSE:BA) last released its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.23. The company had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The business’s revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.44) EPS. Analysts predict that Boeing Company will post $10.02 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the stock. Argus reiterated a “buy” rating and set a $270.00 price target on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Zacks Investment Research cut shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Vetr cut shares of Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 price target for the company. in a research report on Wednesday, August 16th. Wells Fargo & Company reiterated a “hold” rating and set a $255.00 price target (up from $240.00) on shares of Boeing Company (The) in a research report on Wednesday, September 20th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $170.00 price target on shares of Boeing Company (The) in a research report on Sunday, July 9th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Boeing Company (The) currently has a consensus rating of “Hold” and a consensus target price of $241.21.

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.

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

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