Schmidt P J Investment Management Inc. cut its position in shares of Boeing Company (The) (NYSE:BA) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 11,192 shares of the aircraft producer’s stock after selling 41 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Boeing Company (The) were worth $2,213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BA. CHURCHILL MANAGEMENT Corp raised 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 in the last quarter. American National Bank raised its position in Boeing Company (The) by 30.6% in the first quarter. American National Bank now owns 28,410 shares of the aircraft producer’s stock worth $5,025,000 after buying an additional 6,661 shares in the last quarter. Sonata Capital Group Inc. raised its position in Boeing Company (The) by 0.3% in the first quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock worth $884,000 after buying an additional 16 shares in the last quarter. First Command Financial Services Inc. raised its position in Boeing Company (The) by 2.3% in the first quarter. First Command Financial Services Inc. now owns 5,028 shares of the aircraft producer’s stock worth $889,000 after buying an additional 111 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its position in Boeing Company (The) by 7.9% in the first quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock worth $1,199,000 after buying an additional 499 shares in the last quarter. Institutional investors own 74.44% of the company’s stock.

Boeing Company (NYSE BA) traded down 0.06% during midday trading on Wednesday, reaching $239.03. The company had a trading volume of 1,346,945 shares. Boeing Company has a 52 week low of $126.31 and a 52 week high of $246.49. The company has a market capitalization of $141.29 billion, a price-to-earnings ratio of 20.94 and a beta of 1.16. The firm has a 50-day moving average price of $219.26 and a 200-day moving average price of $190.47.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $22.97 billion. During the same quarter in the prior year, the business posted ($0.44) EPS. Boeing Company (The)’s revenue for the quarter was down 8.1% compared to the same quarter last year. 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. Shareholders of record on Friday, August 11th will be paid a $1.42 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.37%. Boeing Company (The)’s payout ratio is presently 49.74%.

COPYRIGHT VIOLATION NOTICE: “Schmidt P J Investment Management Inc. Sells 41 Shares of Boeing Company (The) (BA)” was reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.watchlistnews.com/schmidt-p-j-investment-management-inc-sells-41-shares-of-boeing-company-the-ba/1496218.html.

BA has been the topic of a number of recent research reports. Zacks Investment Research upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a report on Tuesday, July 11th. Deutsche Bank AG raised their target price 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 target price 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 set a $215.00 price target on shares of Boeing Company (The) in a research report on Thursday, May 11th. Finally, Credit Suisse Group reaffirmed a “sell” rating on shares of Boeing Company (The) in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $228.87.

In other Boeing Company (The) news, 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 value of $13,837,779.48. Following the completion of the sale, the chairman now owns 127,778 shares in the company, valued at approximately $31,108,831.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 disclosure for this sale can be found here. Insiders sold a total of 83,468 shares of company stock valued at $20,353,814 in the last quarter. 0.28% of the stock is currently owned by company 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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Company (The) (NYSE:BA).

Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

Receive News & Ratings for Boeing Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.