Korea Investment CORP lowered its position in shares of Boeing Company (The) (NYSE:BA) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 351,880 shares of the aircraft producer’s stock after selling 14,791 shares during the quarter. Korea Investment CORP owned 0.06% of Boeing Company (The) worth $69,584,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its position in Boeing Company (The) by 181.9% during the 1st quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after acquiring an additional 402 shares during the last quarter. MCF Advisors LLC boosted its position in Boeing Company (The) by 9.5% during 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 during the last quarter. SRS Capital Advisors Inc. boosted its position in Boeing Company (The) by 16.9% during 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 during the last quarter. Tarbox Group Inc. boosted its position in Boeing Company (The) by 298.8% during 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 during the last quarter. Finally, First National Bank of Hutchinson acquired a new position in Boeing Company (The) during the 2nd quarter worth approximately $212,000. 72.17% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $243.46, for a total value of $13,837,779.48. Following the sale, the chairman now owns 127,778 shares in the company, valued at $31,108,831.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is currently owned by corporate insiders.

BA has been the subject of several recent analyst reports. Canaccord Genuity reissued a “hold” rating and issued a $215.00 price objective (up previously from $200.00) on shares of Boeing Company (The) in a report on Sunday, July 30th. Argus reissued a “buy” rating and issued a $270.00 price objective on shares of Boeing Company (The) in a report on Tuesday, August 1st. Buckingham Research raised Boeing Company (The) from an “underperform” rating to a “neutral” rating in a report on Friday, July 28th. Vetr raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price objective for the company in a report on Monday, August 7th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Boeing Company (The) in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $241.21.

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Shares of Boeing Company (BA) opened at 258.58 on Monday. The stock’s 50 day moving average price is $246.17 and its 200 day moving average price is $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 12-month low of $131.39 and a 12-month 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. During the same period in the previous year, the company posted ($0.44) EPS. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities research analysts expect that Boeing Company will post $10.01 earnings per share for the current year.

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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