United Bank lessened its holdings in Boeing Company (The) (NYSE:BA) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,416 shares of the aircraft producer’s stock after selling 113 shares during the quarter. United Bank’s holdings in Boeing Company (The) were worth $1,467,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its stake in shares of Boeing Company (The) by 0.3% in the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock worth $5,028,731,000 after purchasing an additional 87,850 shares during the last quarter. LSV Asset Management raised its stake in shares of Boeing Company (The) by 4.9% in the first quarter. LSV Asset Management now owns 2,985,054 shares of the aircraft producer’s stock worth $527,936,000 after purchasing an additional 138,170 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Boeing Company (The) by 11.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock worth $520,517,000 after purchasing an additional 308,976 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Boeing Company (The) by 66.5% in the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock worth $464,732,000 after purchasing an additional 1,049,546 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Boeing Company (The) by 25.2% in the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock worth $367,407,000 after purchasing an additional 418,500 shares during the last quarter. 72.17% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Gregory D. Smith sold 19,757 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 152,195 shares of the company’s stock, valued at approximately $37,351,696.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Heidi B. Capozzi sold 4,217 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total value of $1,018,447.67. 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 over the last ninety days. 0.28% of the stock is currently owned by company insiders.

Shares of Boeing Company (NYSE BA) opened at 258.58 on Friday. The stock has a 50 day moving average price of $246.17 and a 200-day moving average price of $209.22. The firm has a market capitalization of $152.84 billion, a price-to-earnings ratio of 22.65 and a beta of 1.21. Boeing Company has a 52 week low of $131.39 and a 52 week high of $259.30.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, beating 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 firm had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. During the same period last year, the business posted ($0.44) EPS. Boeing Company (The)’s quarterly revenue was down 8.1% on a year-over-year basis. On average, analysts anticipate that Boeing Company will post $10.01 EPS for the current year.

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Several research analysts have recently issued reports on BA shares. Zacks Investment Research upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a research note on Tuesday, July 11th. Deutsche Bank AG raised their price objective on Boeing Company (The) to $300.00 and gave the stock a “buy” rating in a research note on Thursday, September 14th. Berenberg Bank set a $245.00 price objective on Boeing Company (The) and gave the stock a “buy” rating in a research note on Friday, July 21st. Jefferies Group LLC restated a “buy” rating and issued a $300.00 price objective on shares of Boeing Company (The) in a research note on Friday. Finally, Credit Suisse Group restated a “sell” rating on shares of Boeing Company (The) in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $241.21.

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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