First Citizens Bank & Trust Co. lowered its position in shares of Boeing Company (The) (NYSE:BA) by 6.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,282 shares of the aircraft producer’s stock after selling 963 shares during the period. First Citizens Bank & Trust Co.’s holdings in Boeing Company (The) were worth $2,824,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC boosted its position 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 buying an additional 402 shares during the last quarter. MCF Advisors LLC boosted its position 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 buying an additional 62 shares during the last quarter. SRS Capital Advisors Inc. boosted its position 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 buying an additional 107 shares during the last quarter. Gemmer Asset Management LLC boosted its position in shares of Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock worth $159,000 after buying an additional 302 shares during the last quarter. Finally, Pinnacle Bank bought a new stake in Boeing Company (The) during the first quarter valued at approximately $160,000. 74.44% of the stock is owned by institutional investors and hedge funds.
Boeing Company (BA) traded down 1.19% on Friday, reaching $235.89. The company had a trading volume of 2,270,276 shares. The stock’s 50-day moving average price is $227.10 and its 200 day moving average price is $194.29. The firm has a market capitalization of $139.43 billion, a price-to-earnings ratio of 20.67 and a beta of 1.16. Boeing Company has a 52-week low of $126.31 and a 52-week high of $246.49.
Boeing Company (The) (NYSE:BA) last announced its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the consensus estimate of $2.32 by $0.23. The firm had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.44) EPS. On average, equities analysts anticipate that Boeing Company will post $9.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $5.68 annualized dividend and a yield of 2.41%. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.
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Several equities research analysts recently commented on the company. Argus reaffirmed a “buy” rating and issued a $270.00 price target on shares of Boeing Company (The) in a report on Tuesday, August 1st. Zacks Investment Research cut Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Vetr cut Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 price target for the company. in a report on Wednesday, August 16th. Canaccord Genuity reaffirmed a “hold” rating and issued a $170.00 price target on shares of Boeing Company (The) in a report on Sunday, July 9th. Finally, Vertical Research reaffirmed a “hold” rating and issued a $242.00 price target (up previously from $187.00) on shares of Boeing Company (The) in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $232.08.
In related news, SVP Heidi B. Capozzi sold 4,217 shares of Boeing Company (The) stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) 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 disclosure for this sale can be found here. Insiders sold a total of 83,468 shares of company stock worth $20,353,814 in the last quarter. Insiders own 0.28% of the company’s stock.
Boeing Company (The) Company 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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