Peapack Gladstone Financial Corp increased its position in shares of Boeing Company (The) (NYSE:BA) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,685 shares of the aircraft producer’s stock after buying an additional 2,255 shares during the period. Peapack Gladstone Financial Corp’s holdings in Boeing Company (The) were worth $12,501,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LSV Asset Management raised its stake in 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 worth $527,936,000 after buying an additional 138,170 shares during the last quarter. Bank of Montreal Can raised its stake in 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 worth $524,974,000 after buying an additional 694,658 shares during the last quarter. Swiss National Bank raised its stake in Boeing Company (The) by 25.2% in the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock worth $367,407,000 after buying an additional 418,500 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Boeing Company (The) by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,805,230 shares of the aircraft producer’s stock worth $319,273,000 after buying an additional 29,636 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Boeing Company (The) by 7.2% in the first quarter. UBS Asset Management Americas Inc. now owns 1,686,459 shares of the aircraft producer’s stock worth $298,267,000 after buying an additional 112,722 shares during the last quarter. 74.47% of the stock is owned by institutional investors.

Boeing Company (NYSE:BA) opened at 237.71 on Monday. 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 capitalization of $140.51 billion, a P/E ratio of 20.83 and a beta of 1.16.

Boeing Company (The) (NYSE:BA) last posted its 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 return on equity of 2,185.10% and a net margin of 7.84%. The firm had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. During the same period last year, the firm earned ($0.44) EPS. The company’s quarterly revenue was down 8.1% on a year-over-year basis. Equities analysts predict that Boeing Company will post $9.95 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given 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 (DPR) is presently 49.74%.

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A number of analysts have commented on BA shares. Zacks Investment Research raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a report on Tuesday, July 11th. Deutsche Bank AG lifted their target price on Boeing Company (The) from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Berenberg Bank set a $245.00 target price on Boeing Company (The) and gave the stock a “buy” rating in a report on Friday, July 21st. Cowen and Company reissued an “outperform” rating and issued a $215.00 target price on shares of Boeing Company (The) in a report on Thursday, May 11th. Finally, Credit Suisse Group reissued a “sell” rating on shares of Boeing Company (The) in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $227.80.

In other news, CFO Gregory D. Smith sold 19,757 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 152,195 shares in the company, valued at approximately $37,351,696.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert E. Verbeck sold 2,522 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $244.45, for a total value of $616,502.90. The disclosure for this sale can be found here. Insiders have sold a total of 83,334 shares of company stock worth $20,321,493 over the last 90 days. 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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