Edmond DE Rothschild Holding S.A. lowered its stake in Boeing Company (The) (NYSE:BA) by 12.9% during the first quarter, Holdings Channel reports. The institutional investor owned 26,304 shares of the aircraft producer’s stock after selling 3,901 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Boeing Company (The) were worth $4,652,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BA. MCF Advisors LLC increased its stake in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after buying an additional 62 shares during the period. SRS Capital Advisors Inc. increased its stake in Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after buying an additional 107 shares during the period. Gemmer Asset Management LLC increased its stake in Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock worth $159,000 after buying an additional 302 shares during the period. Pinnacle Bank purchased a new stake in Boeing Company (The) during the first quarter worth $160,000. Finally, Taylor Wealth Management Partners increased its stake in Boeing Company (The) by 61.6% in the first quarter. Taylor Wealth Management Partners now owns 918 shares of the aircraft producer’s stock worth $162,000 after buying an additional 350 shares during the period. Institutional investors and hedge funds own 74.47% of the company’s stock.

Boeing Company (BA) traded up 0.083% during mid-day trading on Thursday, hitting $234.505. 1,232,379 shares of the stock traded hands. The firm has a market cap of $138.61 billion, a P/E ratio of 20.545 and a beta of 1.16. The firm’s 50-day moving average price is $215.17 and its 200-day moving average price is $188.23. 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 earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. Boeing Company (The)’s revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.44) earnings per share. On average, equities analysts forecast that Boeing Company will post $9.95 earnings per share for the current fiscal year.

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

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A number of equities research analysts have weighed in on BA shares. Zacks Investment Research upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a research report on Tuesday, July 11th. Deutsche Bank AG upped their price target on Boeing Company (The) from $205.00 to $210.00 and gave the company a “buy” rating in a report on Friday, April 28th. Berenberg Bank set a $245.00 price target on Boeing Company (The) and gave the company a “buy” rating in a report on Friday, July 21st. Cowen and Company reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Boeing Company (The) in a report on Thursday, May 11th. Finally, Credit Suisse Group reaffirmed a “sell” rating on shares of Boeing Company (The) in a report on Friday, July 28th. Two equities 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 company’s stock. The company has a consensus rating of “Hold” and an average price target of $228.31.

In related news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction on 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 document filed with the SEC, which can be accessed through this link. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the transaction, the chairman now directly owns 127,778 shares in the company, valued at $31,108,831.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is owned by insiders.

About Boeing Company (The)

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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