Earnest Partners LLC decreased its position in shares of Boeing Company (The) (NYSE:BA) by 17.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 150,859 shares of the aircraft producer’s stock after selling 32,290 shares during the quarter. Earnest Partners LLC’s holdings in Boeing Company (The) were worth $26,681,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MCF Advisors LLC lifted 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 worth $126,000 after purchasing an additional 62 shares during the period. SRS Capital Advisors Inc. lifted 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 worth $131,000 after purchasing an additional 107 shares during the period. Gemmer Asset Management LLC lifted 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 worth $159,000 after purchasing an additional 302 shares during the period. Taylor Wealth Management Partners lifted 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 worth $162,000 after purchasing an additional 350 shares during the period. Finally, Tarbox Group Inc. lifted its holdings in Boeing Company (The) by 298.8% in the first quarter. Tarbox Group Inc. now owns 989 shares of the aircraft producer’s stock worth $175,000 after purchasing an additional 741 shares during the period. 72.30% of the stock is owned by institutional investors.

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In other news, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Gregory D. Smith sold 19,757 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $245.42, for a total value of $4,848,762.94. Following the sale, the chief financial officer now directly owns 152,195 shares in the company, valued at approximately $37,351,696.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is currently owned by insiders.

Shares of Boeing Company (NYSE:BA) traded up 1.05% during trading on Friday, hitting $238.78. The stock had a trading volume of 3,404,151 shares. Boeing Company has a 1-year low of $126.31 and a 1-year high of $246.49. The firm has a 50 day moving average of $235.67 and a 200 day moving average of $198.82. The company has a market capitalization of $141.14 billion, a price-to-earnings ratio of 20.92 and a beta of 1.18.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. The company had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. Boeing Company (The)’s revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.44) earnings per share. Analysts expect that Boeing Company will post $9.99 EPS for the current fiscal year.

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

BA has been the subject of several research analyst reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $215.00 price objective (up previously from $200.00) on shares of Boeing Company (The) in a report on Sunday, July 30th. Argus reaffirmed a “buy” rating and issued a $270.00 price objective on shares of Boeing Company (The) in a report on Tuesday, August 1st. Buckingham Research raised shares of Boeing Company (The) from an “underperform” rating to a “neutral” rating in a report on Friday, July 28th. Vetr raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price objective for the company in a report on Monday, August 7th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Boeing Company (The) in a report on Monday, July 10th. Two investment 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’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $232.08.

Boeing Company (The) 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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