Kidder Stephen W cut its position in shares of Boeing Company (The) (NYSE:BA) by 16.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,000 shares of the aircraft producer’s stock after selling 400 shares during the period. Kidder Stephen W’s holdings in Boeing Company (The) were worth $354,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. S&CO Inc. purchased a new position in Boeing Company (The) during the first quarter worth about $218,000. Raymond James Trust N.A. boosted its position in Boeing Company (The) by 6.5% in the first quarter. Raymond James Trust N.A. now owns 25,131 shares of the aircraft producer’s stock worth $4,445,000 after buying an additional 1,540 shares during the period. Osborn Williams & Donohoe LLC boosted its position in Boeing Company (The) by 2.9% in the first quarter. Osborn Williams & Donohoe LLC now owns 6,597 shares of the aircraft producer’s stock worth $1,167,000 after buying an additional 187 shares during the period. CHURCHILL MANAGEMENT Corp boosted its position in Boeing Company (The) by 100.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 38,289 shares of the aircraft producer’s stock worth $6,772,000 after buying an additional 19,213 shares during the period. Finally, American Investment Services Inc. boosted its position in Boeing Company (The) by 116.1% in the first quarter. American Investment Services Inc. now owns 17,446 shares of the aircraft producer’s stock worth $3,086,000 after buying an additional 9,373 shares during the period. Institutional investors own 74.47% of the company’s stock.

Boeing Company (NYSE BA) traded up 0.86% during midday trading on Friday, reaching $234.88. 3,461,663 shares of the company traded hands. The company has a 50 day moving average of $217.15 and a 200-day moving average of $189.10. The stock has a market capitalization of $138.83 billion, a P/E ratio of 20.58 and a beta of 1.16. Boeing Company has a 12-month low of $126.31 and a 12-month high of $246.49.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.23. The firm had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business’s revenue was down 8.1% on a year-over-year basis. During the same period last year, the company earned ($0.44) earnings per share. Equities analysts anticipate that Boeing Company will post $9.95 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio is currently 49.74%.

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A number of research firms have recently issued reports on BA. Argus reiterated a “buy” rating and issued a $270.00 target price on shares of Boeing Company (The) in a research note on Tuesday, August 1st. Canaccord Genuity reissued a “hold” rating and issued a $215.00 price target (up previously from $200.00) on shares of Boeing Company (The) in a report on Sunday, July 30th. Vetr raised shares of Boeing Company (The) from a “sell” rating to a “buy” rating and set a $253.33 price target for the company in a report on Monday, July 31st. J P Morgan Chase & Co raised their price target on shares of Boeing Company (The) from $20.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, July 31st. Finally, Vertical Research reissued a “hold” rating and issued a $242.00 price target (up previously from $187.00) on shares of Boeing Company (The) in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Boeing Company (The) currently has a consensus rating of “Hold” and a consensus price target of $228.31.

In other news, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory D. Smith sold 19,757 shares of Boeing Company (The) stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the transaction, the chief financial officer now owns 152,195 shares of the company’s stock, valued at $37,351,696.90. The disclosure for this sale can be found here. Insiders have sold 83,468 shares of company stock valued at $20,353,814 over the last quarter. Corporate insiders own 0.28% of the company’s stock.

Boeing Company (The) Company 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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