SNS Financial Group LLC Decreases Position in Boeing Company (The) (BA)

SNS Financial Group LLC lowered its stake in Boeing Company (The) (NYSE:BA) by 54.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,389 shares of the aircraft producer’s stock after selling 1,692 shares during the quarter. SNS Financial Group LLC’s holdings in Boeing Company (The) were worth $246,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Sonata Capital Group Inc. grew its stake in shares of Boeing Company (The) by 0.3% in the first quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock valued at $884,000 after buying an additional 16 shares in the last quarter. Investment Partners Ltd. OH ADV boosted its holdings in Boeing Company (The) by 1.1% in the first quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock valued at $1,274,000 after purchasing an additional 79 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in Boeing Company (The) by 7.9% in the first quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock valued at $1,199,000 after purchasing an additional 499 shares during the last quarter. UMB Bank N A MO boosted its holdings in Boeing Company (The) by 5.9% in the first quarter. UMB Bank N A MO now owns 167,067 shares of the aircraft producer’s stock valued at $29,548,000 after purchasing an additional 9,343 shares during the last quarter. Finally, Hudock Capital Group LLC boosted its holdings in Boeing Company (The) by 438.2% in the first quarter. Hudock Capital Group LLC now owns 8,289 shares of the aircraft producer’s stock valued at $1,466,000 after purchasing an additional 6,749 shares during the last quarter. Institutional investors and hedge funds own 72.17% of the company’s stock.

Shares of Boeing Company (NYSE BA) opened at 256.45 on Friday. The firm has a market cap of $151.58 billion, a PE ratio of 22.47 and a beta of 1.18. Boeing Company has a 52-week low of $128.18 and a 52-week high of $259.30. The company’s 50-day moving average price is $239.32 and its 200-day moving average price is $202.49.

Boeing Company (The) (NYSE:BA) last released its 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. The firm had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.44) earnings per share. Equities analysts expect that Boeing Company will post $10.00 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.21%. 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 company’s stock in a transaction that occurred on 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 sale, the chairman now directly owns 127,778 shares in the company, valued at approximately $31,108,831.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Thomas J. Downey sold 134 shares of the company’s stock in a transaction that occurred 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 have sold a total of 83,468 shares of company stock worth $20,353,814 over the last 90 days. 0.28% of the stock is currently owned by corporate insiders.

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BA has been the topic of a number of research analyst reports. Argus reaffirmed a “buy” rating and set a $270.00 target price on shares of Boeing Company (The) in a report on Tuesday, August 1st. Zacks Investment Research downgraded Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Vetr downgraded Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 target price on the stock. in a report on Wednesday, August 16th. Wells Fargo & Company reissued a “hold” rating and issued a $255.00 price target (up previously from $240.00) on shares of Boeing Company (The) in a report on Wednesday. Finally, Jefferies Group LLC raised their price target on Boeing Company (The) to $300.00 and gave the stock a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $241.32.

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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