Private Bank & Trust Co. raised its position in shares of Boeing Company (The) (NYSE:BA) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,142 shares of the aircraft producer’s stock after buying an additional 166 shares during the period. Boeing Company (The) makes up 2.0% of Private Bank & Trust Co.’s holdings, making the stock its 9th largest position. Private Bank & Trust Co.’s holdings in Boeing Company (The) were worth $14,661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Koshinski Asset Management Inc. increased its position in Boeing Company (The) by 7.6% in the first quarter. Koshinski Asset Management Inc. now owns 2,575 shares of the aircraft producer’s stock valued at $455,000 after buying an additional 181 shares during the last quarter. Quadrant Capital Group LLC increased its position in Boeing Company (The) by 1.7% in the first quarter. Quadrant Capital Group LLC now owns 1,625 shares of the aircraft producer’s stock valued at $276,000 after buying an additional 27 shares during the last quarter. Carroll Financial Associates Inc. increased its position in Boeing Company (The) by 1.6% in the first quarter. Carroll Financial Associates Inc. now owns 2,780 shares of the aircraft producer’s stock valued at $491,000 after buying an additional 44 shares during the last quarter. LVM Capital Management Ltd. MI increased its position in Boeing Company (The) by 2.4% in the first quarter. LVM Capital Management Ltd. MI now owns 62,263 shares of the aircraft producer’s stock valued at $11,012,000 after buying an additional 1,475 shares during the last quarter. Finally, First American Bank increased its position in Boeing Company (The) by 51.2% in the first quarter. First American Bank now owns 40,099 shares of the aircraft producer’s stock valued at $7,091,000 after buying an additional 13,577 shares during the last quarter. Hedge funds and other institutional investors own 74.44% of the company’s stock.

Shares of Boeing Company (NYSE:BA) traded down 0.348% during midday trading on Monday, hitting $234.949. The stock had a trading volume of 1,235,826 shares. The company’s 50 day moving average is $222.49 and its 200 day moving average is $191.63. Boeing Company has a 52-week low of $126.31 and a 52-week high of $246.49. The company has a market cap of $138.87 billion, a PE ratio of 20.584 and a beta of 1.16.

Boeing Company (The) (NYSE:BA) last posted its 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 business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. During the same quarter in the prior year, the firm earned ($0.44) EPS. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, analysts anticipate 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. Stockholders of record on Friday, August 11th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Wednesday, August 9th. Boeing Company (The)’s payout ratio is 49.74%.

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Several research analysts have recently 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 price target for the company in a research note on Tuesday, July 11th. Deutsche Bank AG increased their price target on Boeing Company (The) from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Berenberg Bank set a $245.00 price target on Boeing Company (The) and gave the stock a “buy” rating in a research note on Friday, July 21st. Cowen and Company reiterated an “outperform” rating and set a $215.00 price target on shares of Boeing Company (The) in a research note on Thursday, May 11th. Finally, Credit Suisse Group reiterated a “sell” rating on shares of Boeing Company (The) in a research note 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 given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $230.62.

In other news, SVP Thomas J. Downey sold 134 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Robert E. Verbeck sold 2,522 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $244.45, for a total transaction of $616,502.90. The disclosure for this sale can be found here. In the last ninety days, insiders 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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