IBM Retirement Fund lifted its stake in shares of Boeing Company (The) (NYSE:BA) by 64.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,923 shares of the aircraft producer’s stock after buying an additional 5,477 shares during the quarter. IBM Retirement Fund’s holdings in Boeing Company (The) were worth $3,077,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. GWM Advisors LLC increased its holdings in Boeing Company (The) by 0.6% during 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 last quarter. Arcus Capital Partners LLC increased its holdings in Boeing Company (The) by 0.8% during 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 last quarter. Trust Co. of Virginia VA increased its holdings in Boeing Company (The) by 0.5% during 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 last quarter. Stillwater Investment Management LLC increased its holdings in Boeing Company (The) by 0.8% during 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 last quarter. Finally, Curbstone Financial Management Corp increased its holdings in Boeing Company (The) by 0.8% during 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 last quarter. Institutional investors and hedge funds own 72.17% of the company’s stock.

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In other Boeing Company (The) 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 directly owns 152,195 shares in the company, valued at approximately $37,351,696.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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. Over the last 90 days, insiders have sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is owned by corporate insiders.

Boeing Company (NYSE:BA) opened at 253.08 on Tuesday. The firm has a market cap of $149.59 billion, a price-to-earnings ratio of 22.17 and a beta of 1.18. Boeing Company has a 12 month low of $127.57 and a 12 month high of $253.79. The firm’s 50-day moving average price is $239.04 and its 200-day moving average price is $201.98.

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 business 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% on a year-over-year basis. During the same period in the prior year, the company earned ($0.44) EPS. Equities research 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. 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 2.24%. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.

Several equities research analysts have issued reports on the company. Vetr downgraded Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price objective on the stock. in a report on Wednesday, July 26th. Zacks Investment Research downgraded Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. ValuEngine upgraded Boeing Company (The) from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Credit Suisse Group upgraded Boeing Company (The) from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $200.00 to $300.00 in a report on Thursday, July 27th. Finally, UBS AG lifted their price objective on Boeing Company (The) from $180.00 to $253.00 and gave the stock a “neutral” rating in a report on Friday, August 4th. Two 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. The company has a consensus rating of “Buy” and a consensus target price of $233.86.

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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