Sfmg LLC purchased a new stake in shares of Boeing Company (The) (NYSE:BA) during the third quarter, Holdings Channel reports. The fund purchased 1,635 shares of the aircraft producer’s stock, valued at approximately $215,000.

Other institutional investors have also recently bought and sold shares of the company. Capital World Investors boosted its position in shares of Boeing Company (The) by 5.7% in the third quarter. Capital World Investors now owns 50,414,174 shares of the aircraft producer’s stock worth $6,641,563,000 after buying an additional 2,737,375 shares during the period. Morgan Stanley boosted its position in shares of Boeing Company (The) by 27.0% in the third quarter. Morgan Stanley now owns 5,580,896 shares of the aircraft producer’s stock worth $735,229,000 after buying an additional 1,186,424 shares during the period. Capital Research Global Investors boosted its position in shares of Boeing Company (The) by 4.3% in the third quarter. Capital Research Global Investors now owns 20,586,605 shares of the aircraft producer’s stock worth $2,712,079,000 after buying an additional 857,985 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Boeing Company (The) during the third quarter worth about $93,968,000. Finally, Two Sigma Advisers LP boosted its position in shares of Boeing Company (The) by 244.0% in the third quarter. Two Sigma Advisers LP now owns 739,860 shares of the aircraft producer’s stock worth $97,469,000 after buying an additional 524,777 shares during the period. Institutional investors and hedge funds own 74.66% of the company’s stock.

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

Boeing Company (NYSE:BA) opened at 170.81 on Friday. The firm’s 50 day moving average price is $162.20 and its 200 day moving average price is $145.30. The firm has a market cap of $104.62 billion, a price-to-earnings ratio of 22.45 and a beta of 1.08. Boeing Company has a 52-week low of $112.51 and a 52-week high of $170.81.

Boeing Company (The) (NYSE:BA) last announced its earnings results on Wednesday, January 25th. The aircraft producer reported $2.47 EPS for the quarter, beating the consensus estimate of $2.34 by $0.13. Boeing Company (The) had a return on equity of 239.48% and a net margin of 5.18%. The company had revenue of $23.30 billion for the quarter, compared to analyst estimates of $23.25 billion. During the same quarter in the prior year, the company earned $1.60 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts anticipate that Boeing Company will post $9.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Investors of record on Friday, February 10th will be given a dividend of $1.42 per share. This is a positive change from Boeing Company (The)’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Wednesday, February 8th. This represents a $5.68 annualized dividend and a dividend yield of 3.33%. Boeing Company (The)’s dividend payout ratio is presently 74.25%.

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BA has been the topic of a number of recent analyst reports. Vetr cut Boeing Company (The) from a “hold” rating to a “sell” rating and set a $150.88 target price on the stock. in a report on Tuesday, December 20th. Goldman Sachs Group, Inc. (The) set a $109.00 target price on Boeing Company (The) and gave the stock a “sell” rating in a report on Thursday, October 27th. Robert W. Baird restated an “outperform” rating and set a $182.00 target price on shares of Boeing Company (The) in a report on Friday, January 20th. Barclays PLC restated an “overweight” rating and set a $175.00 target price on shares of Boeing Company (The) in a report on Sunday, January 29th. Finally, Argus raised their target price on Boeing Company (The) to $185.00 and gave the stock a “buy” rating in a report on Wednesday, December 14th. Eight equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $154.29.

In related news, Vice Chairman Raymond L. Conner sold 96,174 shares of the company’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $163.72, for a total transaction of $15,745,607.28. Following the sale, the insider now owns 95,852 shares in the company, valued at approximately $15,692,889.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Thomas J. Downey sold 2,000 shares of the company’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $165.39, for a total value of $330,780.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,827 shares of company stock worth $34,170,203. 0.58% of the stock is owned by corporate insiders.

Boeing Company (The) Company Profile

The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.

5 Day Chart for NYSE:BA

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