BTR Capital Management Inc. reduced its stake in shares of Boeing Company (The) (NYSE:BA) by 1.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,346 shares of the aircraft producer’s stock after selling 93 shares during the quarter. BTR Capital Management Inc.’s holdings in Boeing Company (The) were worth $1,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BA. GWM Advisors LLC grew its holdings 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 purchasing an additional 8 shares during the last quarter. Arcus Capital Partners LLC increased its stake 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 buying an additional 13 shares during the period. Trust Co. of Virginia VA increased its stake 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 buying an additional 15 shares during the period. Stillwater Investment Management LLC increased its stake 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 buying an additional 15 shares during the period. Finally, Curbstone Financial Management Corp lifted 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 valued at $376,000 after buying an additional 15 shares in the last quarter. 72.17% of the stock is owned by hedge funds and other institutional investors.

Boeing Company (BA) traded up 0.13% during midday trading on Monday, hitting $254.53. 1,525,757 shares of the stock traded hands. Boeing Company has a one year low of $130.74 and a one year 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. The stock has a market cap of $150.45 billion, a price-to-earnings ratio of 22.30 and a beta of 1.21.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. 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 company earned ($0.44) EPS. The business’s quarterly revenue was down 8.1% on a year-over-year basis. Equities research analysts anticipate that Boeing Company will post $10.02 earnings per share for the current year.

BA has been the subject of several research reports. Argus reissued a “buy” rating and issued a $270.00 price objective 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 note on Friday, August 4th. Vetr lowered shares of Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 target price on the stock. in a research report on Wednesday, August 16th. Wells Fargo & Company reaffirmed a “hold” rating and set a $255.00 target price (up from $240.00) on shares of Boeing Company (The) in a research report on Wednesday, September 20th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $170.00 price target on shares of Boeing Company (The) in a research note on Sunday, July 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $241.32.

In other Boeing Company (The) news, CFO Gregory D. Smith sold 19,757 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the sale, 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 SEC, which can be accessed through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,468 shares of company stock valued at $20,353,814. 0.28% of the stock is owned by company insiders.

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About Boeing Company (The)

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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