Gamble Jones Investment Counsel lowered its stake in shares of Boeing Company (The) (NYSE:BA) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,970 shares of the aircraft producer’s stock after selling 63 shares during the period. Gamble Jones Investment Counsel’s holdings in Boeing Company (The) were worth $3,158,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BA. Proficio Capital Partners LLC increased its holdings in shares of Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after purchasing an additional 402 shares during the period. MCF Advisors LLC increased its holdings in shares of Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after purchasing an additional 62 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after purchasing an additional 107 shares during the period. Tarbox Group Inc. increased its holdings in shares of Boeing Company (The) by 298.8% in the first quarter. Tarbox Group Inc. now owns 989 shares of the aircraft producer’s stock worth $175,000 after purchasing an additional 741 shares during the period. Finally, Central Bank & Trust Co. increased its holdings in shares of Boeing Company (The) by 430.5% in the first 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 during the period. Hedge funds and other institutional investors own 72.17% of the company’s stock.

Boeing Company (NYSE BA) opened at 258.89 on Friday. The stock has a market capitalization of $153.03 billion, a price-to-earnings ratio of 22.68 and a beta of 1.21. The stock’s 50 day moving average is $245.51 and its 200 day moving average is $208.65. Boeing Company has a 12-month low of $131.39 and a 12-month high of $259.30.

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 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 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 firm earned ($0.44) EPS. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts predict that Boeing Company will post $10.02 earnings per share for the current fiscal year.

BA has been the topic of several research analyst reports. Zacks Investment Research raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a report on Tuesday, July 11th. Deutsche Bank AG upped their price target on shares of Boeing Company (The) to $300.00 and gave the stock a “buy” rating in a report on Thursday, September 14th. Berenberg Bank set a $245.00 price target on shares of Boeing Company (The) and gave the stock a “buy” rating in a report on Friday, July 21st. Credit Suisse Group AG reaffirmed a “sell” rating on shares of Boeing Company (The) in a report on Friday, July 28th. Finally, J P Morgan Chase & Co raised shares of Boeing Company (The) from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $205.00 to $240.00 in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $241.21.

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In other news, SVP Thomas J. Downey sold 134 shares of the company’s stock in a transaction that occurred on 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 at this hyperlink. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the company’s stock in a transaction that occurred 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 directly owns 127,778 shares of the company’s stock, valued at approximately $31,108,831.88. 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 ninety days. Corporate insiders own 0.28% of the company’s stock.

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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