Keystone Financial Planning Inc. raised its position in Boeing Company (The) (NYSE:BA) by 0.6% during the first quarter, Holdings Channel reports. The fund owned 43,065 shares of the aircraft producer’s stock after buying an additional 276 shares during the period. Boeing Company (The) accounts for approximately 4.7% of Keystone Financial Planning Inc.’s holdings, making the stock its largest position. Keystone Financial Planning Inc.’s holdings in Boeing Company (The) were worth $7,616,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BA. MCF Advisors LLC raised its position in shares of Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after buying an additional 62 shares during the last quarter. Gemmer Asset Management LLC raised its position in shares of Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock worth $159,000 after buying an additional 302 shares during the last quarter. Pinnacle Bank acquired a new position in shares of Boeing Company (The) during the first quarter worth about $160,000. Taylor Wealth Management Partners raised its position in shares of Boeing Company (The) by 61.6% in the first quarter. Taylor Wealth Management Partners now owns 918 shares of the aircraft producer’s stock worth $162,000 after buying an additional 350 shares during the last quarter. Finally, Tarbox Group Inc. raised its position in shares of Boeing Company (The) by 298.8% in the first quarter. Tarbox Group Inc. now owns 989 shares of the aircraft producer’s stock worth $175,000 after buying an additional 741 shares during the last quarter. Hedge funds and other institutional investors own 72.99% of the company’s stock.

Boeing Company (NYSE BA) opened at 237.71 on Friday. The company has a market cap of $140.51 billion, a P/E ratio of 20.83 and a beta of 1.16. Boeing Company has a 52 week low of $126.31 and a 52 week high of $246.49. The company’s 50-day moving average is $207.88 and its 200-day moving average is $185.18.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. During the same period in the prior year, the business posted ($0.44) EPS. The firm’s revenue was down 8.1% compared to the same quarter last year. On average, analysts anticipate that Boeing Company will post $9.95 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a dividend of $1.42 per share. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.39%. Boeing Company (The)’s dividend payout ratio is currently 49.74%.

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Several analysts recently issued reports on the stock. Vetr lowered 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 report on Wednesday, July 26th. Zacks Investment Research lowered shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Credit Suisse Group upgraded shares of Boeing Company (The) from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $200.00 to $300.00 in a research report on Thursday, July 27th. UBS AG increased their price target on shares of Boeing Company (The) from $180.00 to $253.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, ValuEngine upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $227.80.

In related news, SVP Robert E. Verbeck sold 2,522 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $244.45, for a total transaction of $616,502.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory D. Smith sold 19,757 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the sale, the chief financial officer now owns 152,195 shares of the company’s stock, valued at $37,351,696.90. The disclosure for this sale can be found here. Insiders have sold a total of 83,334 shares of company stock valued at $20,321,493 over the last quarter. 0.28% of the stock is currently owned by company insiders.

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.

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

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