Strs Ohio lowered its position in shares of Boeing Company (The) (NYSE:BA) by 16.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 352,999 shares of the aircraft producer’s stock after selling 68,685 shares during the period. Strs Ohio owned approximately 0.06% of Boeing Company (The) worth $69,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in BA. GWM Advisors LLC grew its position in Boeing Company (The) by 0.6% in the 1st quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after purchasing an additional 8 shares during the period. Arcus Capital Partners LLC grew its position in Boeing Company (The) by 0.8% in the 1st quarter. Arcus Capital Partners LLC now owns 1,628 shares of the aircraft producer’s stock worth $288,000 after purchasing an additional 13 shares during the period. Trust Co. of Virginia VA grew its position in Boeing Company (The) by 0.5% in the 1st quarter. Trust Co. of Virginia VA now owns 3,239 shares of the aircraft producer’s stock worth $573,000 after purchasing an additional 15 shares during the period. Stillwater Investment Management LLC grew its position in Boeing Company (The) by 0.8% in the 2nd quarter. Stillwater Investment Management LLC now owns 2,010 shares of the aircraft producer’s stock worth $397,000 after purchasing an additional 15 shares during the period. Finally, Curbstone Financial Management Corp grew its position in Boeing Company (The) by 0.8% in the 2nd quarter. Curbstone Financial Management Corp now owns 1,900 shares of the aircraft producer’s stock worth $376,000 after purchasing an additional 15 shares during the period. 72.31% of the stock is owned by institutional investors.

Shares of Boeing Company (NYSE:BA) opened at 238.78 on Monday. The stock has a market capitalization of $141.14 billion, a PE ratio of 20.92 and a beta of 1.18. The stock’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 announced its 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. 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 last year, the business earned ($0.44) earnings per share. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. Analysts anticipate that Boeing Company will post $9.99 earnings per share for the current fiscal year.

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

In other news, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $243.46, for a total value of $13,837,779.48. Following the sale, the chairman now owns 127,778 shares in the company, valued at $31,108,831.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Heidi B. Capozzi sold 4,217 shares of Boeing Company (The) stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total transaction of $1,018,447.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,468 shares of company stock worth $20,353,814. Company insiders own 0.28% of the company’s stock.

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A number of research firms have commented on BA. Argus reaffirmed a “buy” rating and issued a $270.00 target price on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Vetr downgraded shares of Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 target price for the company. in a research report on Wednesday, August 16th. Canaccord Genuity reaffirmed a “hold” rating and issued a $170.00 target price on shares of Boeing Company (The) in a research report on Sunday, July 9th. Finally, Vertical Research reaffirmed 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 research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Boeing Company (The) presently 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.

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

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