Gemmer Asset Management LLC lessened its holdings in Boeing Company (The) (NYSE:BA) by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 868 shares of the aircraft producer’s stock after selling 31 shares during the period. Gemmer Asset Management LLC’s holdings in Boeing Company (The) were worth $172,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC raised its position in Boeing Company (The) by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after buying an additional 402 shares during the period. MCF Advisors LLC lifted its stake in 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 acquiring an additional 62 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in 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 acquiring an additional 107 shares in the last quarter. Tarbox Group Inc. lifted its stake in 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 acquiring an additional 741 shares in the last quarter. Finally, Central Bank & Trust Co. lifted its stake in 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 acquiring an additional 861 shares in the last quarter. Institutional investors and hedge funds own 72.17% of the company’s stock.

In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gregory D. Smith sold 19,757 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the transaction, the chief financial officer now owns 152,195 shares in the company, valued at approximately $37,351,696.90. The disclosure for this sale can be found here. Insiders sold a total of 83,468 shares of company stock valued at $20,353,814 in the last quarter. Corporate insiders own 0.28% of the company’s stock.

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Shares of Boeing Company (NYSE:BA) traded up 0.1354% on Monday, hitting $254.5541. 1,525,315 shares of the stock were exchanged. The company has a 50-day moving average price of $239.32 and a 200-day moving average price of $202.49. Boeing Company has a one year low of $130.74 and a one year high of $259.30. The firm has a market capitalization of $150.46 billion, a PE ratio of 22.3019 and a beta of 1.21.

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, beating the Thomson Reuters’ 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 business had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. During the same period in the prior year, the company posted ($0.44) earnings per share. Boeing Company (The)’s revenue was down 8.1% compared to the same quarter last year. Equities research analysts expect that Boeing Company will post $10.02 earnings per share for the current year.

A number of analysts have recently issued reports on BA shares. Zacks Investment Research raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price target for the company in a research report on Tuesday, July 11th. Canaccord Genuity reaffirmed a “hold” rating and set a $235.00 price objective (up from $215.00) on shares of Boeing Company (The) in a research report on Sunday, September 17th. ValuEngine raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Cowen and Company reiterated an “outperform” rating and issued a $300.00 price objective (up previously from $255.00) on shares of Boeing Company (The) in a research note on Monday, July 24th. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Boeing Company (The) in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $241.32.

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.

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

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