Aull & Monroe Investment Management Corp reduced its stake in shares of Boeing Company (The) (NYSE:BA) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,357 shares of the aircraft producer’s stock after selling 200 shares during the period. Boeing Company (The) accounts for approximately 1.7% of Aull & Monroe Investment Management Corp’s portfolio, making the stock its 17th largest position. Aull & Monroe Investment Management Corp’s holdings in Boeing Company (The) were worth $3,246,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Kernodle & Katon Asset Management Group LLC purchased a new position in shares of Boeing Company (The) during the third quarter valued at about $102,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Boeing Company (The) during the fourth quarter valued at about $106,000. Jackson Grant Investment Advisers Inc. boosted its position in shares of Boeing Company (The) by 124.9% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 830 shares of the aircraft producer’s stock valued at $109,000 after buying an additional 461 shares during the period. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Boeing Company (The) during the fourth quarter valued at about $109,000. Finally, TLP Group LLC purchased a new position in shares of Boeing Company (The) during the third quarter valued at about $126,000. Hedge funds and other institutional investors own 73.14% of the company’s stock.

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

Boeing Company (NYSE BA) opened at 196.44 on Friday. Boeing Company has a 52 week low of $122.35 and a 52 week high of $197.95. The company’s 50-day moving average price is $186.13 and its 200 day moving average price is $172.90. The company has a market capitalization of $118.57 billion, a price-to-earnings ratio of 24.20 and a beta of 1.14. Boeing Company (The) also was the recipient of some unusual options trading activity on Friday. Stock traders acquired 3,818 call options on the stock. This is an increase of 270% compared to the average volume of 1,031 call options.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.10. The firm had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.27 billion. Boeing Company (The) had a net margin of 5.52% and a return on equity of 495.68%. The business’s revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 EPS. On average, analysts predict that Boeing Company will post $9.39 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 12th were issued a $1.42 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $5.68 annualized dividend and a yield of 2.89%. Boeing Company (The)’s dividend payout ratio is currently 69.61%.

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A number of equities analysts recently issued reports on the company. Morgan Stanley cut Boeing Company (The) from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $185.00 to $190.00 in a report on Monday, March 13th. They noted that the move was a valuation call. Gabelli restated a “buy” rating on shares of Boeing Company (The) in a report on Friday, April 7th. Deutsche Bank AG lifted their target price on Boeing Company (The) from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, March 6th. Canaccord Genuity restated a “hold” rating and issued a $162.00 target price on shares of Boeing Company (The) in a report on Friday, March 17th. Finally, Vetr cut Boeing Company (The) from a “sell” rating to a “strong sell” rating and set a $155.02 target price on the stock. in a report on Tuesday, February 21st. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $167.65.

In other news, EVP J Michael Luttig sold 7,986 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $183.78, for a total transaction of $1,467,667.08. Following the transaction, the executive vice president now directly owns 39,251 shares of the company’s stock, valued at $7,213,548.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy John Keating sold 32,500 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $184.51, for a total transaction of $5,996,575.00. Following the transaction, the senior vice president now directly owns 107,437 shares in the company, valued at $19,823,200.87. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,403 shares of company stock worth $11,666,138. 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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