Independent Advisor Alliance Buys 1,970 Shares of Boeing Company (The) (BA)

Independent Advisor Alliance lifted its position in Boeing Company (The) (NYSE:BA) by 11.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,518 shares of the aircraft producer’s stock after acquiring an additional 1,970 shares during the quarter. Independent Advisor Alliance’s holdings in Boeing Company (The) were worth $3,280,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Founders Capital Management bought a new stake in shares of Boeing Company (The) in the first quarter valued at about $3,721,000. Great Lakes Advisors LLC raised its holdings in shares of Boeing Company (The) by 2.8% in the first quarter. Great Lakes Advisors LLC now owns 60,855 shares of the aircraft producer’s stock valued at $10,763,000 after acquiring an additional 1,664 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Boeing Company (The) by 3.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,995 shares of the aircraft producer’s stock valued at $1,237,000 after acquiring an additional 236 shares in the last quarter. Abbrea Capital LLC raised its holdings in shares of Boeing Company (The) by 14.0% in the first quarter. Abbrea Capital LLC now owns 2,409 shares of the aircraft producer’s stock valued at $426,000 after acquiring an additional 295 shares in the last quarter. Finally, Dean Investment Associates LLC raised its holdings in shares of Boeing Company (The) by 8.1% in the first quarter. Dean Investment Associates LLC now owns 8,015 shares of the aircraft producer’s stock valued at $1,417,000 after acquiring an additional 599 shares in the last quarter. Hedge funds and other institutional investors own 72.31% of the company’s stock.

Shares of Boeing Company (BA) traded up 1.54% on Friday, hitting $249.00. The stock had a trading volume of 9,033,301 shares. Boeing Company has a one year low of $127.27 and a one year high of $249.95. The company has a market cap of $147.18 billion, a price-to-earnings ratio of 21.82 and a beta of 1.18. The firm’s 50-day moving average is $238.70 and its 200-day moving average is $201.20.

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, beating the Zacks’ 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 firm had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. During the same period in the previous year, the business earned ($0.44) earnings per share. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, analysts expect that Boeing Company will post $9.99 EPS for the current fiscal year.

The company also recently disclosed 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 of this dividend was Wednesday, August 9th. This represents a $5.68 annualized dividend and a yield of 2.28%. Boeing Company (The)’s dividend payout ratio is presently 49.74%.

Several research firms recently weighed in on BA. Vetr upgraded 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. Cowen and Company reiterated a “buy” rating and issued a $300.00 target price on shares of Boeing Company (The) in a research note on Tuesday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $274.00 target price on shares of Boeing Company (The) in a research note on Friday, August 11th. Royal Bank Of Canada upgraded Boeing Company (The) from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $146.00 to $235.00 in a research note on Thursday, July 27th. Finally, UBS AG lifted their target price on Boeing Company (The) from $180.00 to $253.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $233.03.

In other news, CFO Gregory D. Smith sold 19,757 shares of Boeing Company (The) stock in a transaction on Monday, July 31st. The stock was sold at an average price of $245.42, for a total value of $4,848,762.94. Following the completion of the sale, the chief financial officer now owns 152,195 shares of the company’s stock, valued at $37,351,696.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) 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 completion of the sale, the chairman now directly owns 127,778 shares of the company’s stock, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,468 shares of company stock valued at $20,353,814. 0.28% of the stock is currently owned by insiders.

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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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