Fort Point Capital Partners LLC cut its stake in Boeing Company (The) (NYSE:BA) by 26.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,002 shares of the aircraft producer’s stock after selling 710 shares during the period. Fort Point Capital Partners LLC’s holdings in Boeing Company (The) were worth $354,000 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. MCF Advisors LLC boosted its position in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares during the period. SRS Capital Advisors Inc. boosted its position in Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after buying an additional 107 shares during the period. Gemmer Asset Management LLC boosted its position in Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock valued at $159,000 after buying an additional 302 shares during the period. Pinnacle Bank bought a new position in Boeing Company (The) during the first quarter valued at $160,000. Finally, Taylor Wealth Management Partners boosted its position in Boeing Company (The) by 61.6% in the first quarter. Taylor Wealth Management Partners now owns 918 shares of the aircraft producer’s stock valued at $162,000 after buying an additional 350 shares during the period. Hedge funds and other institutional investors own 74.47% of the company’s stock.

Shares of Boeing Company (NYSE BA) traded up 0.4552% during midday trading on Friday, hitting $233.9401. 1,042,106 shares of the stock were exchanged. Boeing Company has a 1-year low of $126.31 and a 1-year high of $246.49. The stock has a market capitalization of $138.28 billion, a price-to-earnings ratio of 20.4959 and a beta of 1.16. The firm’s 50 day moving average is $216.13 and its 200-day moving average is $188.55.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.44) earnings per share. On average, analysts predict that Boeing Company will post $9.95 EPS for the current year.

The business also recently disclosed 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. This represents a $5.68 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio is 49.74%.

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A number of research firms have commented on BA. Vetr lowered shares of Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 target price for the company. in a report on Wednesday, July 26th. Zacks Investment Research lowered shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Credit Suisse Group raised shares of Boeing Company (The) from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $200.00 to $300.00 in a report on Thursday, July 27th. UBS AG lifted their target price 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. Finally, ValuEngine raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $228.31.

In other Boeing Company (The) news, SVP Heidi B. Capozzi sold 4,217 shares of Boeing Company (The) stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total value of $1,018,447.67. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,468 shares of company stock worth $20,353,814. 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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