Boeing Company (The) (BA) Shares Sold by Tower Bridge Advisors

Tower Bridge Advisors lessened its stake in Boeing Company (The) (NYSE:BA) by 42.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,626 shares of the aircraft producer’s stock after selling 1,970 shares during the period. Tower Bridge Advisors’ holdings in Boeing Company (The) were worth $519,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Proficio Capital Partners LLC boosted its stake in shares of 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 stake in shares of 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 stake in shares of 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. Gemmer Asset Management LLC boosted its stake in shares of Boeing Company (The) by 50.6% during the 1st quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock worth $159,000 after acquiring an additional 302 shares during the last quarter. Finally, Taylor Wealth Management Partners boosted its stake in shares of Boeing Company (The) by 61.6% during the 1st quarter. Taylor Wealth Management Partners now owns 918 shares of the aircraft producer’s stock worth $162,000 after acquiring an additional 350 shares during the last quarter. 72.31% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on BA. ValuEngine upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Boeing Company (The) from a “hold” rating to a “strong-buy” rating and set a $271.00 price target on the stock in a research note on Tuesday, August 22nd. Morgan Stanley set a $260.00 price target on shares of Boeing Company (The) and gave the stock a “hold” rating in a research note on Thursday, August 17th. Vetr cut shares of Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 price target on the stock. in a research note on Wednesday, August 16th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $274.00 price target on shares of Boeing Company (The) in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $232.08.

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Boeing Company (BA) opened at 238.78 on Monday. The company has a market capitalization of $141.14 billion, a P/E ratio of 20.92 and a beta of 1.18. The company’s 50-day moving average is $235.67 and its 200 day moving average is $198.82. Boeing Company has a one year low of $126.31 and a one year high of $246.49.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping 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 firm had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. During the same period last year, the firm posted ($0.44) earnings per share. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, equities analysts anticipate that Boeing Company will post $9.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.38%. The ex-dividend date was Wednesday, August 9th. Boeing Company (The)’s payout ratio is currently 49.74%.

In related news, Chairman Dennis A. Muilenburg sold 56,838 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were 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 in the company, valued at $31,108,831.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Robert E. Verbeck sold 2,522 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $244.45, for a total transaction of $616,502.90. The disclosure for this sale can be found here. Over 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.

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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