Whittier Trust Co. of Nevada Inc. lowered its position in shares of Boeing Company (The) (NYSE:BA) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 61,215 shares of the aircraft producer’s stock after selling 148 shares during the period. Boeing Company (The) accounts for 1.2% of Whittier Trust Co. of Nevada Inc.’s holdings, making the stock its 19th largest position. Whittier Trust Co. of Nevada Inc.’s holdings in Boeing Company (The) were worth $12,105,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in BA. Macquarie Group Ltd. raised its stake in Boeing Company (The) by 20.1% in the fourth quarter. Macquarie Group Ltd. now owns 110,050 shares of the aircraft producer’s stock worth $17,132,000 after buying an additional 18,380 shares during the last quarter. Bath Savings Trust Co bought a new position in Boeing Company (The) during the first quarter worth approximately $207,000. First Financial Bank N.A. Trust Division increased its position in Boeing Company (The) by 1.7% in the first quarter. First Financial Bank N.A. Trust Division now owns 10,747 shares of the aircraft producer’s stock worth $1,901,000 after buying an additional 175 shares during the period. Private Asset Management Inc. bought a new position in Boeing Company (The) during the first quarter worth approximately $452,000. Finally, Triangle Securities Wealth Management increased its position in Boeing Company (The) by 1.2% in the first quarter. Triangle Securities Wealth Management now owns 4,670 shares of the aircraft producer’s stock worth $826,000 after buying an additional 55 shares during the period. 74.47% of the stock is owned by institutional investors and hedge funds.

Boeing Company (NYSE BA) traded down 0.59% during trading on Thursday, reaching $232.92. 2,659,030 shares of the company’s stock traded hands. The company has a market capitalization of $137.68 billion, a price-to-earnings ratio of 20.41 and a beta of 1.16. Boeing Company has a 12 month low of $126.31 and a 12 month high of $246.49. The firm’s 50 day moving average is $215.17 and its 200-day moving average is $188.23.

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

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

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A number of research firms have commented on BA. Vetr upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price objective on the stock in a research note on Monday. Zacks Investment Research downgraded shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. UBS AG increased their price objective on shares of Boeing Company (The) from $180.00 to $253.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. Argus reiterated a “buy” rating and set a $270.00 price objective on shares of Boeing Company (The) in a research note on Tuesday, August 1st. Finally, J P Morgan Chase & Co increased their price objective on shares of Boeing Company (The) from $20.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $228.31.

In related news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Heidi B. Capozzi sold 4,217 shares of the stock in a transaction 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. In the last 90 days, insiders sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is owned by company insiders.

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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