Blue Chip Partners Inc. raised its position in shares of Boeing Company (The) (NYSE:BA) by 22.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,718 shares of the aircraft producer’s stock after acquiring an additional 2,356 shares during the quarter. Blue Chip Partners Inc.’s holdings in Boeing Company (The) were worth $2,515,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BA. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Boeing Company (The) by 0.3% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock worth $421,000 after purchasing an additional 6 shares in the last quarter. Accredited Investors Inc. boosted its position in shares of Boeing Company (The) by 0.4% during the 2nd quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock worth $325,000 after purchasing an additional 6 shares in the last quarter. GWM Advisors LLC boosted its position in shares of Boeing Company (The) by 0.6% during the 1st quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after purchasing an additional 8 shares in the last quarter. Silicon Valley Capital Partners boosted its position in shares of Boeing Company (The) by 0.7% during the 2nd quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock worth $245,000 after purchasing an additional 9 shares in the last quarter. Finally, Capital Investment Advisory Services LLC boosted its position in shares of Boeing Company (The) by 0.5% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 2,096 shares of the aircraft producer’s stock worth $414,000 after purchasing an additional 10 shares in the last quarter. 72.23% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is owned by insiders.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings data 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. Boeing Company (The) 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 period in the previous year, the company earned $3.51 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis.

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

BA has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a research report on Tuesday, July 11th. Deutsche Bank AG increased their price objective on shares of Boeing Company (The) to $300.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. Berenberg Bank set a $245.00 price objective on shares of Boeing Company (The) and gave the stock a “buy” rating in a research report on Friday, July 21st. Jefferies Group LLC restated a “buy” rating and issued a $300.00 target price on shares of Boeing Company (The) in a report on Friday, October 6th. Finally, Credit Suisse Group restated a “sell” rating on shares of Boeing Company (The) in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target 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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