Benjamin F. Edwards & Company Inc. raised its stake in shares of Boeing Company (The) (NYSE:BA) by 20.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,859 shares of the aircraft producer’s stock after purchasing an additional 991 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Boeing Company (The) were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Hermes Investment Management Ltd. raised its holdings in shares of Boeing Company (The) by 12.4% in the first quarter. Hermes Investment Management Ltd. now owns 11,508 shares of the aircraft producer’s stock worth $2,035,000 after buying an additional 1,272 shares during the period. Navellier & Associates Inc raised its holdings in shares of Boeing Company (The) by 3.6% in the first quarter. Navellier & Associates Inc now owns 3,028 shares of the aircraft producer’s stock worth $536,000 after buying an additional 106 shares during the period. Wagner Bowman Management Corp raised its holdings in shares of Boeing Company (The) by 17.1% in the first quarter. Wagner Bowman Management Corp now owns 6,113 shares of the aircraft producer’s stock worth $1,081,000 after buying an additional 892 shares during the period. V Wealth Management LLC raised its holdings in shares of Boeing Company (The) by 8.6% in the first quarter. V Wealth Management LLC now owns 2,130 shares of the aircraft producer’s stock worth $379,000 after buying an additional 168 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its holdings in shares of Boeing Company (The) by 55.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 81,889 shares of the aircraft producer’s stock worth $14,484,000 after buying an additional 29,198 shares during the period. Institutional investors and hedge funds own 72.31% of the company’s stock.

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Shares of Boeing Company (NYSE:BA) opened at 249.00 on Friday. The stock has a 50 day moving average price of $238.70 and a 200-day moving average price of $201.20. The firm has a market cap of $147.18 billion, a PE ratio of 21.82 and a beta of 1.18. Boeing Company has a 52-week low of $127.27 and a 52-week high of $249.95.

Boeing Company (The) (NYSE:BA) last posted its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating the consensus estimate of $2.32 by $0.23. The firm 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 for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.44) earnings per share. On average, equities analysts anticipate that Boeing Company will post $9.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.28%. The ex-dividend date was Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.

In related news, CFO Gregory D. Smith sold 19,757 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 152,195 shares of the company’s stock, valued at $37,351,696.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Thomas J. Downey sold 134 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $241.20, for a total value 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.

BA has been the topic of several recent analyst reports. Zacks Investment Research upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a report on Tuesday, July 11th. Barclays PLC increased their price target on Boeing Company (The) from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, May 22nd. Cowen and Company reiterated an “outperform” rating and issued a $300.00 price target (up from $255.00) on shares of Boeing Company (The) in a report on Monday, July 24th. Credit Suisse Group reiterated a “hold” rating on shares of Boeing Company (The) in a report on Wednesday, July 19th. Finally, ValuEngine downgraded Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Two equities 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. The company presently has a consensus rating of “Buy” and an average target price of $233.03.

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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