Gradient Investments LLC held its stake in shares of Boeing Company (The) (NYSE:BA) during the second quarter, Holdings Channel reports. The fund owned 2,611 shares of the aircraft producer’s stock at the end of the second quarter. Gradient Investments LLC’s holdings in Boeing Company (The) were worth $516,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC increased its stake 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 worth $115,000 after buying an additional 402 shares during the last quarter. MCF Advisors LLC increased its stake 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. SRS Capital Advisors Inc. increased its stake 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 worth $131,000 after buying an additional 107 shares during the last quarter. Gemmer Asset Management LLC increased its stake 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. Finally, Pinnacle Bank acquired a new stake in shares of Boeing Company (The) during the first quarter worth $160,000. Hedge funds and other institutional investors own 74.47% of the company’s stock.

Boeing Company (NYSE:BA) traded down 1.21% during trading on Wednesday, hitting $235.20. 2,811,022 shares of the company’s stock traded hands. 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 $139.02 billion, a P/E ratio of 20.61 and a beta of 1.16. The company’s 50 day moving average is $211.74 and its 200-day moving average is $186.31.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. During the same period last year, the firm earned ($0.44) earnings per share. The company’s quarterly revenue was down 8.1% on a year-over-year basis. On average, analysts predict that Boeing Company will post $9.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a $1.42 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $5.68 annualized dividend and a yield of 2.37%. Boeing Company (The)’s payout ratio is presently 49.74%.

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A number of analysts have weighed in on the company. Vetr downgraded Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price target for the company. in a report on Wednesday, July 26th. Zacks Investment Research downgraded Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Credit Suisse Group upgraded 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 report on Thursday, July 27th. UBS AG increased their price target on Boeing Company (The) from $180.00 to $253.00 and gave the stock a “neutral” rating in a report on Friday, August 4th. Finally, ValuEngine upgraded Boeing Company (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $228.31.

In other Boeing Company (The) news, CFO Gregory D. Smith sold 19,757 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $245.42, for a total value of $4,848,762.94. Following the transaction, the chief financial officer now directly owns 152,195 shares in the company, 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 hyperlink. Also, SVP Heidi B. Capozzi sold 4,217 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total transaction of $1,018,447.67. The disclosure for this sale can be found here. Insiders sold 83,334 shares of company stock worth $20,321,493 over the last quarter. 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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