Rainier Group Investment Advisory LLC decreased its stake in Boeing Company (The) (NYSE:BA) by 14.0% during the first quarter, Holdings Channel reports. The institutional investor owned 2,007 shares of the aircraft producer’s stock after selling 327 shares during the period. Rainier Group Investment Advisory LLC’s holdings in Boeing Company (The) were worth $355,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BA. Bank of Montreal Can increased its stake in shares of Boeing Company (The) by 30.6% in the first quarter. Bank of Montreal Can now owns 2,968,297 shares of the aircraft producer’s stock valued at $524,974,000 after buying an additional 694,658 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Boeing Company (The) by 16.2% in the fourth quarter. AQR Capital Management LLC now owns 1,578,138 shares of the aircraft producer’s stock valued at $245,684,000 after buying an additional 220,196 shares in the last quarter. British Airways Pensions Investment Management Ltd increased its stake in shares of Boeing Company (The) by 184.8% in the first quarter. British Airways Pensions Investment Management Ltd now owns 282,482 shares of the aircraft producer’s stock valued at $49,934,000 after buying an additional 183,286 shares in the last quarter. LSV Asset Management increased its stake in shares of Boeing Company (The) by 4.9% in the first quarter. LSV Asset Management now owns 2,985,054 shares of the aircraft producer’s stock valued at $527,936,000 after buying an additional 138,170 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Boeing Company (The) by 29.5% in the first quarter. First Trust Advisors LP now owns 573,119 shares of the aircraft producer’s stock valued at $101,362,000 after buying an additional 130,589 shares in the last quarter. 73.02% of the stock is currently owned by institutional investors.

Boeing Company (NYSE BA) opened at 209.00 on Tuesday. Boeing Company has a 1-year low of $126.31 and a 1-year high of $209.72. The firm has a 50-day moving average of $190.02 and a 200-day moving average of $175.93. The stock has a market capitalization of $126.15 billion, a price-to-earnings ratio of 25.75 and a beta of 1.12.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.10. Boeing Company (The) had a net margin of 5.52% and a return on equity of 495.68%. The company had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.27 billion. During the same quarter in the prior year, the firm earned $1.74 earnings per share. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. Equities research analysts anticipate that Boeing Company will post $9.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s payout ratio is 69.61%.

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BA has been the topic of several analyst reports. Vetr raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $183.96 price target on the stock in a research report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $134.00 target price on shares of Boeing Company (The) in a research note on Thursday, April 27th. Barclays PLC increased their target price on shares of Boeing Company (The) from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, May 22nd. Gabelli reissued a “buy” rating on shares of Boeing Company (The) in a research note on Friday, April 7th. Finally, Cowen and Company increased their target price on shares of Boeing Company (The) from $185.00 to $195.00 and gave the stock an “outperform” rating in a research note on Monday, April 10th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. Boeing Company (The) presently has a consensus rating of “Hold” and a consensus target price of $183.45.

In related news, SVP Bertrand Marc Allen sold 15,470 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $183.62, for a total transaction of $2,840,601.40. Following the transaction, the senior vice president now owns 43,801 shares of the company’s stock, valued at $8,042,739.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP J Michael Luttig sold 7,986 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $183.78, for a total transaction of $1,467,667.08. Following the transaction, the executive vice president now directly owns 39,251 shares in the company, valued at approximately $7,213,548.78. The disclosure for this sale can be found here. Insiders have sold 63,403 shares of company stock worth $11,666,138 in the last three months. Insiders own 0.28% of the company’s stock.

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.

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

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