Butensky & Cohen Financial Security Inc. decreased its stake in shares of Boeing Company (The) (NYSE:BA) by 6.5% during the second quarter, Holdings Channel reports. The firm owned 9,488 shares of the aircraft producer’s stock after selling 664 shares during the period. Boeing Company (The) comprises approximately 1.7% of Butensky & Cohen Financial Security Inc.’s investment portfolio, making the stock its 24th largest position. Butensky & Cohen Financial Security Inc.’s holdings in Boeing Company (The) were worth $1,876,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC raised its position in shares of Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after buying an additional 402 shares during the period. 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 valued at $126,000 after buying an additional 62 shares during the period. SRS Capital Advisors Inc. raised its position in shares of Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after buying an additional 107 shares during the period. 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 valued at $159,000 after buying an additional 302 shares during the period. Finally, Pinnacle Bank purchased a new position in shares of Boeing Company (The) during the first quarter valued at about $160,000. 74.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of Boeing Company (NYSE:BA) traded up 1.13% on Monday, reaching $240.40. The company had a trading volume of 1,427,607 shares. The stock has a 50-day moving average price of $207.88 and a 200-day moving average price of $185.18. Boeing Company has a 12 month low of $126.31 and a 12 month high of $246.49. The stock has a market cap of $142.10 billion, a PE ratio of 21.06 and a beta of 1.16.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.23. The firm had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.44) EPS. Analysts predict that Boeing Company will post $9.95 earnings per share for the current fiscal year.

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

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BA has been the subject of a number of recent analyst reports. Royal Bank Of Canada upgraded Boeing Company (The) from an “underperform” rating to a “sector perform” rating and upped their price objective for the company from $146.00 to $235.00 in a report on Thursday, July 27th. Jefferies Group LLC upped their price objective on Boeing Company (The) to $275.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Sanford C. Bernstein set a $274.00 price objective on Boeing Company (The) and gave the company a “buy” rating in a report on Thursday, July 27th. J P Morgan Chase & Co upped their price objective on Boeing Company (The) from $20.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, July 31st. Finally, UBS AG upped their price objective on Boeing Company (The) from $180.00 to $253.00 and gave the company a “neutral” rating in a report on Friday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $227.80.

In other Boeing Company (The) news, SVP Robert E. Verbeck sold 2,522 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $244.45, for a total transaction of $616,502.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregory D. Smith sold 19,757 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $245.42, for a total value of $4,848,762.94. Following the sale, the chief financial officer now directly 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 three months. Corporate insiders own 0.28% of the company’s stock.

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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