US Bancorp DE lowered its stake in shares of Boeing Company (The) (NYSE:BA) by 6.5% during the second quarter, Holdings Channel reports. The firm owned 654,763 shares of the aircraft producer’s stock after selling 45,769 shares during the period. US Bancorp DE’s holdings in Boeing Company (The) were worth $129,480,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp increased its position in Boeing Company (The) by 0.3% in the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock valued at $5,028,731,000 after buying an additional 87,850 shares during the period. LSV Asset Management increased its position 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 valued at $527,936,000 after buying an additional 138,170 shares during the period. Bank of Montreal Can increased its position 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 valued at $524,974,000 after buying an additional 694,658 shares during the period. Schwab Charles Investment Management Inc. increased its position in Boeing Company (The) by 11.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock valued at $520,517,000 after buying an additional 308,976 shares during the period. Finally, AQR Capital Management LLC increased its position in Boeing Company (The) by 66.5% in the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after buying an additional 1,049,546 shares during the period. 74.47% of the stock is owned by institutional investors and hedge funds.

Boeing Company (BA) traded down 0.66% during midday trading on Thursday, hitting $232.76. 2,654,971 shares of the stock traded hands. The company has a 50-day moving average price of $215.17 and a 200 day moving average price of $188.23. The stock has a market cap of $137.58 billion, a price-to-earnings ratio of 20.39 and a beta of 1.16. Boeing Company has a one year low of $126.31 and a one year high of $246.49.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $22.97 billion. During the same quarter in the prior year, the business posted ($0.44) EPS. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. Equities research analysts anticipate 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. Investors of record on Friday, August 11th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.42%. 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 several research reports. Canaccord Genuity reissued a “hold” rating and set a $215.00 price objective (up previously from $200.00) on shares of Boeing Company (The) in a report on Sunday, July 30th. Argus restated a “buy” rating and set a $270.00 target price on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Buckingham Research upgraded shares of Boeing Company (The) from an “underperform” rating to a “neutral” rating in a research report on Friday, July 28th. Vetr upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 target price on the stock in a research report on Monday. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Boeing Company (The) in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $228.31.

In other news, Chairman Dennis A. Muilenburg sold 56,838 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $243.46, for a total value of $13,837,779.48. Following the completion of the transaction, the chairman now owns 127,778 shares in the company, valued at approximately $31,108,831.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert E. Verbeck sold 2,522 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $244.45, for a total transaction of $616,502.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,468 shares of company stock valued at $20,353,814. 0.28% of the stock is 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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