Kwmg LLC bought a new stake in Boeing Company (The) (NYSE:BA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,743 shares of the aircraft producer’s stock, valued at approximately $1,136,000.

Several other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC raised its holdings in Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after acquiring an additional 402 shares in the last quarter. MCF Advisors LLC raised its holdings in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after acquiring an additional 62 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after acquiring an additional 107 shares in the last quarter. Gemmer Asset Management LLC raised its holdings in Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock valued at $159,000 after acquiring an additional 302 shares in the last quarter. Finally, Taylor Wealth Management Partners raised its holdings in Boeing Company (The) by 61.6% in the first quarter. Taylor Wealth Management Partners now owns 918 shares of the aircraft producer’s stock valued at $162,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 72.30% of the company’s stock.

Shares of Boeing Company (NYSE BA) traded up 1.0959% during trading on Friday, reaching $238.9000. 1,503,655 shares of the company were exchanged. The stock has a market capitalization of $141.21 billion, a P/E ratio of 20.9304 and a beta of 1.18. The stock has a 50-day moving average of $234.85 and a 200 day moving average of $198.53. Boeing Company has a 52-week low of $126.31 and a 52-week high of $246.49.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $22.97 billion. During the same period in the previous year, the business posted ($0.44) earnings per share. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Boeing Company will post $9.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors 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 dividend yield of 2.40%. Boeing Company (The)’s dividend payout ratio is 49.74%.

In related news, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert E. Verbeck sold 2,522 shares of Boeing Company (The) stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $244.45, for a total value of $616,502.90. The disclosure for this sale can be found here. Insiders sold 83,468 shares of company stock valued at $20,353,814 over the last ninety days. 0.28% of the stock is currently owned by company insiders.

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Several analysts recently issued reports on the stock. ValuEngine raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Boeing Company (The) from a “hold” rating to a “strong-buy” rating and set a $271.00 price target on the stock in a report on Tuesday, August 22nd. Morgan Stanley set a $260.00 price target on shares of Boeing Company (The) and gave the company a “hold” rating in a report on Thursday, August 17th. Vetr cut shares of Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 price target on the stock. in a report on Wednesday, August 16th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $274.00 price target on shares of Boeing Company (The) in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $232.08.

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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