Independent Advisor Alliance increased its position in Boeing Company (The) (NYSE:BA) by 11.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,518 shares of the aircraft producer’s stock after buying an additional 1,970 shares during the period. Independent Advisor Alliance’s holdings in Boeing Company (The) were worth $3,280,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. MCF Advisors LLC raised its position in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares in the last quarter. Gemmer Asset Management LLC raised its position 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 valued at $159,000 after buying an additional 302 shares in the last quarter. Pinnacle Bank acquired a new position in Boeing Company (The) during the first quarter valued at about $160,000. Taylor Wealth Management Partners raised its position 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 valued at $162,000 after buying an additional 350 shares in the last quarter. Finally, Tarbox Group Inc. raised its position in Boeing Company (The) by 298.8% in the first quarter. Tarbox Group Inc. now owns 989 shares of the aircraft producer’s stock valued at $175,000 after buying an additional 741 shares in the last quarter. 72.30% of the stock is owned by hedge funds and other institutional investors.

Boeing Company (NYSE BA) traded down 0.47% during mid-day trading on Thursday, hitting $239.33. The company had a trading volume of 1,083,737 shares. The stock has a 50 day moving average price of $227.10 and a 200-day moving average price of $194.29. Boeing Company has a 1-year low of $126.31 and a 1-year high of $246.49. The stock has a market capitalization of $141.46 billion, a PE ratio of 20.97 and a beta of 1.16.

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, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The firm had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. During the same period last year, the firm posted ($0.44) earnings per share. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, analysts forecast that Boeing Company will post $9.99 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.

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Several equities analysts have recently issued reports on the company. Argus reaffirmed a “buy” rating and issued a $270.00 target price on shares of Boeing Company (The) in a report on Tuesday, August 1st. Canaccord Genuity reaffirmed a “hold” rating and issued a $215.00 target price (up from $200.00) on shares of Boeing Company (The) in a report on Sunday, July 30th. Vetr raised Boeing Company (The) from a “sell” rating to a “buy” rating and set a $253.33 target price for the company in a report on Monday, July 31st. J P Morgan Chase & Co upped their target price on 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 reaffirmed a “hold” rating and issued a $242.00 target price (up 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, ten have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $232.08.

In other Boeing Company (The) news, 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 directly owns 152,195 shares of the company’s stock, valued at $37,351,696.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The disclosure for this sale can be found here. Insiders have sold 83,468 shares of company stock worth $20,353,814 over the last ninety days. 0.28% of the stock is owned by 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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