Bowling Portfolio Management LLC raised its position in shares of Boeing Company (The) (NYSE:BA) by 373.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,230 shares of the aircraft producer’s stock after purchasing an additional 26,999 shares during the quarter. Boeing Company (The) accounts for about 1.0% of Bowling Portfolio Management LLC’s investment portfolio, making the stock its 14th biggest holding. Bowling Portfolio Management LLC’s holdings in Boeing Company (The) were worth $6,769,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. GWM Advisors LLC grew its stake in shares of Boeing Company (The) by 0.6% in the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after acquiring an additional 8 shares during the period. Arcus Capital Partners LLC grew its stake in shares of Boeing Company (The) by 0.8% in the first quarter. Arcus Capital Partners LLC now owns 1,628 shares of the aircraft producer’s stock worth $288,000 after acquiring an additional 13 shares during the period. Trust Co. of Virginia VA grew its stake in shares of Boeing Company (The) by 0.5% in the first quarter. Trust Co. of Virginia VA now owns 3,239 shares of the aircraft producer’s stock worth $573,000 after acquiring an additional 15 shares during the period. Stillwater Investment Management LLC grew its stake in shares of Boeing Company (The) by 0.8% in the second quarter. Stillwater Investment Management LLC now owns 2,010 shares of the aircraft producer’s stock worth $397,000 after acquiring an additional 15 shares during the period. Finally, Curbstone Financial Management Corp grew its stake in shares of Boeing Company (The) by 0.8% in the second quarter. Curbstone Financial Management Corp now owns 1,900 shares of the aircraft producer’s stock worth $376,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 72.17% of the company’s stock.

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BA has been the subject of a number of research analyst reports. Barclays PLC lifted their price target on shares of Boeing Company (The) from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, May 22nd. ValuEngine upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Cowen and Company reiterated an “outperform” rating and issued a $215.00 price target on shares of Boeing Company (The) in a research note on Tuesday, June 13th. Vetr lowered shares of Boeing Company (The) from a “buy” rating to a “hold” rating and set a $202.94 price target for the company. in a research note on Thursday, June 15th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $218.00 price target (up from $192.00) on shares of Boeing Company (The) in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned 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 price target of $233.86.

In related news, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) stock in a transaction on Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the completion of the sale, 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 SEC, which is available through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of Boeing Company (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. In the last three months, insiders have sold 83,468 shares of company stock valued at $20,353,814. Insiders own 0.28% of the company’s stock.

Shares of Boeing Company (NYSE:BA) opened at 249.00 on Monday. The company has a market cap of $147.18 billion, a PE ratio of 21.82 and a beta of 1.18. The company has a 50-day moving average of $238.70 and a 200 day moving average of $201.20. Boeing Company has a 12 month low of $126.34 and a 12 month high of $249.95.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion during the quarter, compared to analysts’ expectations 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. On average, analysts anticipate that Boeing Company will post $9.99 earnings per share for the current year.

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

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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