Boeing Company (The) (NYSE:BA) Holdings Lifted by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. lifted its position in shares of Boeing Company (The) (NYSE:BA) by 25.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,118 shares of the aircraft producer’s stock after acquiring an additional 630 shares during the period. Stockman Wealth Management Inc.’s holdings in Boeing Company (The) were worth $551,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Coastline Trust Co grew its position in Boeing Company (The) by 27.4% in the 1st quarter. Coastline Trust Co now owns 2,465 shares of the aircraft producer’s stock worth $436,000 after purchasing an additional 530 shares during the period. Courier Capital LLC boosted its stake in shares of Boeing Company (The) by 5.4% during the 1st quarter. Courier Capital LLC now owns 9,342 shares of the aircraft producer’s stock worth $1,652,000 after acquiring an additional 477 shares during the last quarter. Granite Investment Advisors LLC boosted its stake in shares of Boeing Company (The) by 8.1% during the 1st quarter. Granite Investment Advisors LLC now owns 51,796 shares of the aircraft producer’s stock worth $9,161,000 after acquiring an additional 3,894 shares during the last quarter. Ledyard National Bank boosted its stake in shares of Boeing Company (The) by 2.0% during the 1st quarter. Ledyard National Bank now owns 11,035 shares of the aircraft producer’s stock worth $1,952,000 after acquiring an additional 220 shares during the last quarter. Finally, Bollard Group LLC boosted its stake in shares of Boeing Company (The) by 9.4% during the 1st quarter. Bollard Group LLC now owns 126,274 shares of the aircraft producer’s stock worth $22,333,000 after acquiring an additional 10,879 shares during the last quarter. 72.17% of the stock is owned by institutional investors.

Boeing Company (NYSE:BA) opened at 256.45 on Friday. The firm has a market cap of $151.58 billion, a price-to-earnings 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 firm’s 50-day moving average is $239.32 and its 200-day moving average is $202.49.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. During the same period in the previous year, the business earned ($0.44) earnings per share. The company’s revenue was down 8.1% on a year-over-year basis. On average, equities analysts anticipate that Boeing Company will post $10.00 earnings per share for the current year.

The business also recently disclosed 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 dividend payout ratio is currently 49.74%.

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Several brokerages have recently weighed in on BA. Vetr cut shares of Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price target on the stock. in a research note on Wednesday, July 26th. Zacks Investment Research cut shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Credit Suisse Group upgraded shares of Boeing Company (The) from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $200.00 to $300.00 in a research note on Thursday, July 27th. Finally, UBS AG lifted their target price on shares of 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 investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $241.32.

In related news, CFO Gregory D. Smith sold 19,757 shares of Boeing Company (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 directly owns 152,195 shares of the company’s stock, valued at $37,351,696.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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