Chatham Capital Group Inc. boosted its position in shares of Boeing Company (The) (NYSE:BA) by 7.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,438 shares of the aircraft producer’s stock after buying an additional 3,131 shares during the period. Boeing Company (The) comprises about 2.2% of Chatham Capital Group Inc.’s investment portfolio, making the stock its 11th largest position. Chatham Capital Group Inc.’s holdings in Boeing Company (The) were worth $7,849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BA. Aberdeen Asset Management PLC UK raised its position in Boeing Company (The) by 2.4% in the first quarter. Aberdeen Asset Management PLC UK now owns 297,500 shares of the aircraft producer’s stock worth $52,616,000 after buying an additional 7,085 shares during the last quarter. Peapack Gladstone Financial Corp raised its position in Boeing Company (The) by 3.3% in the first quarter. Peapack Gladstone Financial Corp now owns 70,685 shares of the aircraft producer’s stock worth $12,501,000 after buying an additional 2,255 shares during the last quarter. South Texas Money Management Ltd. raised its position in Boeing Company (The) by 2.3% in the first quarter. South Texas Money Management Ltd. now owns 3,075 shares of the aircraft producer’s stock worth $544,000 after buying an additional 68 shares during the last quarter. Bank Hapoalim BM purchased a new position in Boeing Company (The) during the first quarter worth about $209,000. Finally, Buckingham Capital Management Inc. raised its position in Boeing Company (The) by 1.9% in the first quarter. Buckingham Capital Management Inc. now owns 30,334 shares of the aircraft producer’s stock worth $5,365,000 after buying an additional 560 shares during the last quarter. 74.47% of the stock is owned by hedge funds and other institutional investors.

Boeing Company (The) (NYSE:BA) last posted its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The company had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. During the same quarter last year, the firm earned ($0.44) earnings per share. The company’s revenue was down 8.1% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders 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 dividend 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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A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Friday. UBS AG boosted 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. Vetr lowered shares of Boeing Company (The) from a “buy” rating to a “hold” rating and set a $241.25 target price for the company. in a research note on Wednesday, August 2nd. Argus restated a “buy” rating and set a $270.00 price target on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Finally, J P Morgan Chase & Co boosted their price target on shares of Boeing Company (The) from $20.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $227.80.

In other news, CFO Gregory D. Smith sold 19,757 shares of Boeing Company (The) stock in a transaction on 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 completion of the sale, the chief financial officer now owns 152,195 shares of the company’s stock, valued at $37,351,696.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) stock in a transaction on Monday, July 31st. The stock was sold at an average price of $243.46, for a total value of $13,837,779.48. Following the sale, the chairman now directly owns 127,778 shares of the company’s stock, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. Insiders have sold 83,334 shares of company stock valued at $20,321,493 in the last three months. 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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