Whittier Trust Co. increased its stake in Boeing Company (The) (NYSE:BA) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,173 shares of the aircraft producer’s stock after buying an additional 272 shares during the period. Boeing Company (The) accounts for approximately 0.9% of Whittier Trust Co.’s holdings, making the stock its 26th largest position. Whittier Trust Co.’s holdings in Boeing Company (The) were worth $23,764,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of BA. Bollard Group LLC boosted its stake in Boeing Company (The) by 1.0% in the second quarter. Bollard Group LLC now owns 127,573 shares of the aircraft producer’s stock valued at $25,228,000 after buying an additional 1,299 shares in the last quarter. Sheets Smith Wealth Management boosted its stake in Boeing Company (The) by 1.3% in the second quarter. Sheets Smith Wealth Management now owns 3,653 shares of the aircraft producer’s stock valued at $722,000 after buying an additional 48 shares in the last quarter. Reilly Financial Advisors LLC boosted its stake in Boeing Company (The) by 31.3% in the second quarter. Reilly Financial Advisors LLC now owns 1,689 shares of the aircraft producer’s stock valued at $334,000 after buying an additional 403 shares in the last quarter. Karpas Strategies LLC bought a new stake in Boeing Company (The) during the second quarter valued at approximately $201,000. Finally, Prospera Financial Services Inc boosted its stake in Boeing Company (The) by 4.0% in the second quarter. Prospera Financial Services Inc now owns 13,401 shares of the aircraft producer’s stock valued at $2,662,000 after buying an additional 521 shares in the last quarter. Institutional investors and hedge funds own 74.47% of the company’s stock.

Shares of Boeing Company (NYSE BA) traded down 0.59% during trading on Thursday, reaching $232.93. 2,658,570 shares of the company were exchanged. The stock has a market capitalization of $137.68 billion, a price-to-earnings ratio of 20.41 and a beta of 1.16. Boeing Company has a one year low of $126.31 and a one year high of $246.49. The company has a 50 day moving average price of $215.17 and a 200-day moving average price of $188.23.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. During the same quarter in the prior year, the business earned ($0.44) EPS. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. Equities analysts predict that Boeing Company will post $9.95 EPS 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 $1.42 dividend. 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 (DPR) is presently 49.74%.

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Several research firms recently commented on BA. Vetr upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price target for the company in a report on Monday. Zacks Investment Research cut shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Friday, August 4th. UBS AG raised their price target on shares of Boeing Company (The) from $180.00 to $253.00 and gave the stock a “neutral” rating in a report on Friday, August 4th. Argus restated a “buy” rating and set a $270.00 price target on shares of Boeing Company (The) in a report on Tuesday, August 1st. Finally, J P Morgan Chase & Co raised their price target on shares of Boeing Company (The) from $20.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $228.31.

In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Heidi B. Capozzi sold 4,217 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total value of $1,018,447.67. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,468 shares of company stock worth $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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