Ameritas Investment Partners Inc. lowered its position in Boeing Company (The) (NYSE:BA) by 6.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,643 shares of the aircraft producer’s stock after selling 2,177 shares during the period. Ameritas Investment Partners Inc.’s holdings in Boeing Company (The) were worth $5,419,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BA. First Command Financial Services Inc. increased its position in shares of 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. American Research & Management Co. increased its position in Boeing Company (The) by 13.5% in the first quarter. American Research & Management Co. now owns 1,595 shares of the aircraft producer’s stock valued at $282,000 after buying an additional 190 shares during the period. Mountain Pacific Investment Advisers Inc. ID purchased a new position in Boeing Company (The) during the first quarter valued at $212,000. Berkshire Asset Management LLC PA increased its position in Boeing Company (The) by 32.7% in the first quarter. Berkshire Asset Management LLC PA now owns 2,841 shares of the aircraft producer’s stock valued at $502,000 after buying an additional 700 shares during the period. Finally, Oliver Luxxe Assets LLC increased its position in Boeing Company (The) by 2.7% in the first quarter. Oliver Luxxe Assets LLC now owns 13,517 shares of the aircraft producer’s stock valued at $2,391,000 after buying an additional 354 shares during the period. Institutional investors own 72.30% of the company’s stock.

Boeing Company (BA) traded up 0.28% during mid-day trading on Friday, hitting $240.33. The stock had a trading volume of 3,271,270 shares. Boeing Company has a 12-month low of $126.31 and a 12-month high of $246.49. The company has a 50-day moving average of $231.90 and a 200-day moving average of $196.93. The firm has a market cap of $142.05 billion, a PE ratio of 21.06 and a beta of 1.18.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the 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 analysts’ expectations of $22.97 billion. During the same quarter last year, the company posted ($0.44) earnings per share. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. Analysts expect that Boeing Company will post $9.99 earnings per share for the current year.

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

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Several equities analysts have recently weighed in on the company. Argus restated a “buy” rating and issued a $270.00 target price on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Canaccord Genuity restated a “hold” rating and issued a $215.00 target price (up previously from $200.00) on shares of Boeing Company (The) in a research report on Sunday, July 30th. Vetr upgraded Boeing Company (The) from a “sell” rating to a “buy” rating and set a $253.33 target price on the stock in a research report on Monday, July 31st. J P Morgan Chase & Co raised their target price on Boeing Company (The) from $20.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, July 31st. Finally, Vertical Research restated a “hold” rating and issued a $242.00 target price (up previously from $187.00) on shares of Boeing Company (The) in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen 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 price target of $232.08.

In other Boeing Company (The) news, SVP Heidi B. Capozzi sold 4,217 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total value of $1,018,447.67. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Thomas J. Downey sold 134 shares of the firm’s 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 sold 83,468 shares of company stock worth $20,353,814 in the last three months. 0.28% of the stock is currently owned by corporate 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.

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

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