Lee Danner & Bass Inc. raised its stake in shares of Boeing Company (The) (NYSE:BA) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,212 shares of the aircraft producer’s stock after acquiring an additional 86 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Boeing Company (The) were worth $437,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Proficio Capital Partners LLC boosted its position in shares of Boeing Company (The) by 181.9% in the 1st quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after purchasing an additional 402 shares in the last quarter. MCF Advisors LLC boosted its position in shares of Boeing Company (The) by 9.5% in the 1st quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after purchasing an additional 62 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Boeing Company (The) by 16.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after purchasing an additional 107 shares in the last quarter. Tarbox Group Inc. boosted its position in shares of Boeing Company (The) by 298.8% in the 1st quarter. Tarbox Group Inc. now owns 989 shares of the aircraft producer’s stock worth $175,000 after purchasing an additional 741 shares in the last quarter. Finally, Central Bank & Trust Co. boosted its position in shares of Boeing Company (The) by 430.5% in the 1st quarter. Central Bank & Trust Co. now owns 1,061 shares of the aircraft producer’s stock worth $187,000 after purchasing an additional 861 shares in the last quarter. 72.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of Boeing Company (NYSE:BA) opened at 254.21 on Friday. The firm has a market capitalization of $150.26 billion, a PE ratio of 22.27 and a beta of 1.18. Boeing Company has a 12-month low of $129.86 and a 12-month high of $259.30. The company has a 50-day moving average price of $239.32 and a 200 day moving average price of $202.49.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. During the same period last year, the company posted ($0.44) earnings per share. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities analysts expect that Boeing Company will post $10.02 earnings per share for the current year.

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BA has been the subject of a number of recent analyst reports. Cowen and Company raised their price objective on Boeing Company (The) from $9.80 to $300.00 in a research report on Wednesday, July 26th. TheStreet raised Boeing Company (The) from a “c+” rating to a “b” rating in a research report on Wednesday, July 26th. Zacks Investment Research raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a research report on Tuesday, July 11th. Jefferies Group LLC raised their price objective on Boeing Company (The) from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Finally, Vetr raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $206.38 price objective for the company in a research report on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. Boeing Company (The) presently has a consensus rating of “Hold” and an average price target of $241.32.

In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Heidi B. Capozzi sold 4,217 shares of 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. Over the last ninety days, insiders sold 83,468 shares of company stock valued at $20,353,814. 0.28% of the stock is currently owned by corporate insiders.

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.

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

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