Crossvault Capital Management LLC raised its position in Boeing Company (The) (NYSE:BA) by 6.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,210 shares of the aircraft producer’s stock after buying an additional 1,925 shares during the period. Boeing Company (The) makes up about 4.1% of Crossvault Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Crossvault Capital Management LLC’s holdings in Boeing Company (The) were worth $6,765,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BA. State Street Corp boosted its position in shares of Boeing Company (The) by 0.3% in the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock valued at $5,028,731,000 after buying an additional 87,850 shares in the last quarter. LSV Asset Management boosted its position in shares of Boeing Company (The) by 4.9% in the first quarter. LSV Asset Management now owns 2,985,054 shares of the aircraft producer’s stock valued at $527,936,000 after buying an additional 138,170 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Boeing Company (The) by 30.6% in the first quarter. Bank of Montreal Can now owns 2,968,297 shares of the aircraft producer’s stock valued at $524,974,000 after buying an additional 694,658 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Boeing Company (The) by 11.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock valued at $520,517,000 after buying an additional 308,976 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Boeing Company (The) by 66.5% in the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after buying an additional 1,049,546 shares in the last quarter. 74.44% of the stock is owned by institutional investors and hedge funds.

Boeing Company (NYSE BA) traded up 0.61% during midday trading on Tuesday, hitting $238.60. The stock had a trading volume of 1,260,875 shares. The stock has a market cap of $141.03 billion, a P/E ratio of 20.90 and a beta of 1.16. The company has a 50-day moving average price of $218.14 and a 200-day moving average price of $189.95. Boeing Company has a 52 week low of $126.31 and a 52 week high of $246.49.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS 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 firm 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 firm earned ($0.44) EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts expect that Boeing Company will post $9.95 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.40%. Boeing Company (The)’s dividend payout ratio is presently 49.74%.

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Several brokerages have recently weighed in on BA. Vetr cut shares of Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price target for the company. in a research note on Wednesday, July 26th. Zacks Investment Research cut shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Credit Suisse Group raised shares of Boeing Company (The) from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $200.00 to $300.00 in a research note on Thursday, July 27th. UBS AG raised their price target on shares of Boeing Company (The) from $180.00 to $253.00 and gave the stock a “neutral” rating in a research note on Friday, August 4th. Finally, ValuEngine raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $228.31.

In other news, SVP Thomas J. Downey sold 134 shares of the company’s stock in a transaction on Monday, August 7th. The stock was 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 SEC, which is accessible through this link. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $243.46, for a total value of $13,837,779.48. Following the transaction, the chairman now directly owns 127,778 shares in the company, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. Insiders have sold a total of 83,468 shares of company stock worth $20,353,814 in the last ninety days. 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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