Good Life Advisors LLC Buys Shares of 1,222 Boeing Company (The) (NYSE:BA)

Good Life Advisors LLC bought a new position in shares of Boeing Company (The) (NYSE:BA) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,222 shares of the aircraft producer’s stock, valued at approximately $214,000.

Other large investors have also made changes to their positions in the company. MCF Advisors LLC grew its position 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 purchasing an additional 62 shares in the last quarter. Gemmer Asset Management LLC grew its position 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 purchasing an additional 302 shares in the last quarter. Taylor Wealth Management Partners grew its position 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 purchasing an additional 350 shares in the last quarter. Tarbox Group Inc. grew its position in shares of 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 purchasing an additional 741 shares in the last quarter. Finally, Central Bank & Trust Co. grew its position in shares of Boeing Company (The) by 430.5% during the 1st quarter. Central Bank & Trust Co. now owns 1,061 shares of the aircraft producer’s stock worth $187,000 after purchasing an additional 861 shares in the last quarter. Hedge funds and other institutional investors own 72.31% of the company’s stock.

In other Boeing Company (The) news, CFO Gregory D. Smith sold 19,757 shares of the business’s stock in a transaction on Monday, July 31st. The shares were 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 directly 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 can be accessed through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction on Monday, August 7th. The shares were 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. Over the last three months, insiders have sold 83,468 shares of company stock worth $20,353,814. Insiders own 0.28% of the company’s stock.

Boeing Company (NYSE:BA) traded up 1.3700% during midday trading on Friday, hitting $248.5896. 3,924,701 shares of the stock traded hands. The stock’s 50-day moving average price is $238.47 and its 200 day moving average price is $200.70. The company has a market capitalization of $146.94 billion, a price-to-earnings ratio of 21.7794 and a beta of 1.18. Boeing Company has a 52 week low of $126.34 and a 52 week high of $249.59.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating the Zacks’ 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 company had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. During the same period in the prior year, the business posted ($0.44) EPS. The firm’s revenue was down 8.1% compared to the same quarter last year. On average, equities research analysts predict that Boeing Company will post $9.99 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a dividend of $1.42 per share. The ex-dividend date was Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.31%. Boeing Company (The)’s dividend payout ratio is currently 49.74%.

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A number of analysts have recently weighed in on BA shares. Vetr downgraded shares of Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price target for the company. in a report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. ValuEngine raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Credit Suisse Group raised shares of Boeing Company (The) from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $200.00 to $300.00 in a report on Thursday, July 27th. Finally, UBS AG upped their price target on shares of Boeing Company (The) from $180.00 to $253.00 and gave the stock a “neutral” rating in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $233.03.

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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