1ST Source Bank cut its position in shares of Boeing Company (The) (NYSE:BA) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,797 shares of the aircraft producer’s stock after selling 427 shares during the quarter. 1ST Source Bank’s holdings in Boeing Company (The) were worth $2,135,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp grew its position in Boeing Company (The) by 0.3% during the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock worth $5,028,731,000 after buying an additional 87,850 shares in the last quarter. LSV Asset Management grew its position in Boeing Company (The) by 4.9% during the first quarter. LSV Asset Management now owns 2,985,054 shares of the aircraft producer’s stock worth $527,936,000 after buying an additional 138,170 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Boeing Company (The) by 11.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock worth $520,517,000 after buying an additional 308,976 shares in the last quarter. AQR Capital Management LLC grew its position in Boeing Company (The) by 66.5% during the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock worth $464,732,000 after buying an additional 1,049,546 shares in the last quarter. Finally, Swiss National Bank grew its position in Boeing Company (The) by 25.2% during the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock worth $367,407,000 after buying an additional 418,500 shares in the last quarter. 72.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of Boeing Company (NYSE:BA) opened at 238.78 on Friday. The company has a market cap of $141.14 billion, a PE ratio of 20.92 and a beta of 1.18. The firm’s 50 day moving average is $235.67 and its 200 day moving average is $198.82. Boeing Company has a 12 month low of $126.31 and a 12 month 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 Thomson Reuters’ consensus estimate of $2.32 by $0.23. The firm 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 revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.44) earnings per share. On average, equities analysts predict that Boeing Company will post $9.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, August 9th. Boeing Company (The)’s payout ratio is currently 49.74%.

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A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a report on Tuesday, July 11th. Barclays PLC lifted their price objective on Boeing Company (The) from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, May 22nd. Cowen and Company reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Boeing Company (The) in a report on Wednesday, May 17th. Vetr raised Boeing Company (The) from a “buy” rating to a “strong-buy” rating and set a $199.85 price objective on the stock in a report on Thursday, May 18th. Finally, Credit Suisse Group reaffirmed a “hold” rating on shares of Boeing Company (The) in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Boeing Company (The) currently has an average rating of “Buy” and a consensus price target of $232.08.

In other news, Chairman Dennis A. Muilenburg sold 56,838 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the completion of the transaction, the chairman now owns 127,778 shares of the company’s stock, valued at $31,108,831.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas J. Downey sold 134 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were 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 have sold 83,468 shares of company stock valued at $20,353,814 in the last ninety days. 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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