Bangor Savings Bank cut its stake in shares of Boeing Company (The) (NYSE:BA) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,234 shares of the aircraft producer’s stock after selling 23 shares during the period. Bangor Savings Bank’s holdings in Boeing Company (The) were worth $395,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. Cigna Investments Inc. New bought a new position in shares of Boeing Company (The) during the fourth quarter valued at approximately $3,339,000. CHURCHILL MANAGEMENT Corp raised its position in shares of Boeing Company (The) by 100.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 38,289 shares of the aircraft producer’s stock valued at $6,772,000 after buying an additional 19,213 shares in the last quarter. GLG LLC acquired a new position in shares of Boeing Company (The) during the fourth quarter worth about $4,988,000. American National Bank raised its position in shares of Boeing Company (The) by 30.6% in the first quarter. American National Bank now owns 28,410 shares of the aircraft producer’s stock worth $5,025,000 after buying an additional 6,661 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Boeing Company (The) during the fourth quarter worth about $8,027,000. Institutional investors own 74.47% of the company’s stock.
Shares of Boeing Company (NYSE BA) traded up 1.06% during mid-day trading on Monday, hitting $240.23. The stock had a trading volume of 3,674,677 shares. Boeing Company has a one year low of $126.31 and a one year high of $246.49. The company has a 50-day moving average of $207.88 and a 200 day moving average of $185.18. The firm has a market cap of $142.00 billion, a price-to-earnings ratio of 21.05 and a beta of 1.16.
Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping 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 company had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. During the same period in the prior year, the firm posted ($0.44) EPS. The business’s revenue was down 8.1% compared to the same quarter last year. On average, equities research analysts forecast that Boeing Company will post $9.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio is 49.74%.
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A number of equities analysts have recently issued reports on BA shares. Zacks Investment Research upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a research report on Tuesday, July 11th. Deutsche Bank AG raised their target price on shares of Boeing Company (The) from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Berenberg Bank set a $245.00 target price on shares of Boeing Company (The) and gave the stock a “buy” rating in a research report on Friday, July 21st. Cowen and Company restated an “outperform” rating and set a $215.00 target price on shares of Boeing Company (The) in a research report on Thursday, May 11th. Finally, Credit Suisse Group restated a “sell” rating on shares of Boeing Company (The) in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $228.31.
In other news, CFO Gregory D. Smith sold 19,757 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $37,351,696.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Robert E. Verbeck sold 2,522 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $244.45, for a total value of $616,502.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,334 shares of company stock worth $20,321,493. 0.28% of the stock is currently owned by insiders.
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.
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