Washington Trust Bank increased its stake in Boeing Company (The) (NYSE:BA) by 20.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 19,557 shares of the aircraft producer’s stock after buying an additional 3,255 shares during the period. Boeing Company (The) comprises about 0.8% of Washington Trust Bank’s portfolio, making the stock its 28th largest position. Washington Trust Bank’s holdings in Boeing Company (The) were worth $3,867,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp boosted 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 boosted 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. boosted 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. boosted 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 boosted 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. 74.44% of the stock is currently owned by institutional investors.

Shares of Boeing Company (BA) traded up 0.62% during mid-day trading on Tuesday, hitting $238.63. The stock had a trading volume of 1,262,956 shares. Boeing Company has a 12 month low of $126.31 and a 12 month high of $246.49. The firm has a market cap of $141.05 billion, a PE ratio of 20.91 and a beta of 1.16. The stock’s 50-day moving average is $218.14 and its 200 day moving average is $189.95.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.44) earnings per share. Equities research analysts predict that Boeing Company will post $9.95 earnings per share 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 of this dividend is Wednesday, August 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.40%. Boeing Company (The)’s dividend payout ratio (DPR) is 49.74%.

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BA has been the topic of a number of analyst reports. Cowen and Company upped their target price on Boeing Company (The) from $9.80 to $300.00 in a research note on Wednesday, July 26th. TheStreet raised Boeing Company (The) from a “c+” rating to a “b” rating in a research note on Wednesday, July 26th. Deutsche Bank AG upped their target price on Boeing Company (The) from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, April 28th. ValuEngine raised Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Vetr raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $206.38 target price on the stock in a research note on Thursday, June 29th. Two investment 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. Boeing Company (The) presently has an average rating of “Hold” and a consensus price target of $228.31.

In related news, SVP Heidi B. Capozzi sold 4,217 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total transaction of $1,018,447.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Thomas J. Downey sold 134 shares of the business’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 disclosure for this sale can be found here. In the last 90 days, insiders sold 83,468 shares of company stock valued at $20,353,814. 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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