Mitchell Mcleod Pugh & Williams Inc. cut its position in Boeing Company (The) (NYSE:BA) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,071 shares of the aircraft producer’s stock after selling 150 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Boeing Company (The) were worth $805,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. GWM Advisors LLC raised its stake in shares of Boeing Company (The) by 0.6% in the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after buying an additional 8 shares during the period. Howe & Rusling Inc. raised its stake in shares of Boeing Company (The) by 0.3% in the first quarter. Howe & Rusling Inc. now owns 2,898 shares of the aircraft producer’s stock worth $512,000 after buying an additional 9 shares during the period. Arcus Capital Partners LLC raised its stake in shares of Boeing Company (The) by 0.8% in the first quarter. Arcus Capital Partners LLC now owns 1,628 shares of the aircraft producer’s stock worth $288,000 after buying an additional 13 shares during the period. Vicus Capital raised its stake in shares of Boeing Company (The) by 1.0% in the first quarter. Vicus Capital now owns 1,382 shares of the aircraft producer’s stock worth $244,000 after buying an additional 14 shares during the period. Finally, Trust Co. of Virginia VA raised its stake in shares of Boeing Company (The) by 0.5% in the first quarter. Trust Co. of Virginia VA now owns 3,239 shares of the aircraft producer’s stock worth $573,000 after buying an additional 15 shares during the period. 74.47% of the stock is currently owned by institutional investors.

Boeing Company (NYSE:BA) traded up 0.76% during trading on Friday, reaching $234.64. The company’s stock had a trading volume of 1,498,075 shares. The firm’s 50-day moving average is $216.13 and its 200-day moving average is $188.54. Boeing Company has a 52-week low of $126.31 and a 52-week high of $246.49. The stock has a market cap of $138.69 billion, a P/E ratio of 20.56 and a beta of 1.16.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.23. The company had revenue of $22.74 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.44) earnings per share. Equities research analysts forecast that Boeing Company will post $9.95 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a dividend of $1.42 per share. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.44%. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.

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BA has been the topic of a number of recent analyst reports. Cowen and Company boosted their target price on Boeing Company (The) from $9.80 to $300.00 in a research report on Wednesday, July 26th. TheStreet raised Boeing Company (The) from a “c+” rating to a “b” rating in a research report on Wednesday, July 26th. Deutsche Bank AG boosted their target price on Boeing Company (The) from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. ValuEngine raised Boeing Company (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Vetr raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $206.38 target price on the stock in a research report on Thursday, June 29th. 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 stock. The stock currently has an average rating of “Hold” and an average price target of $228.31.

In other news, Chairman Dennis A. Muilenburg sold 56,838 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the completion of the transaction, the chairman now directly owns 127,778 shares in the company, valued at $31,108,831.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregory D. Smith sold 19,757 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now owns 152,195 shares of the company’s stock, valued at $37,351,696.90. The disclosure for this sale can be found here. Insiders have sold 83,468 shares of company stock valued at $20,353,814 over the last quarter. Company 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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