Oppenheimer Asset Management Inc. acquired a new position in shares of Boeing Company (The) (NYSE:BA) during the first quarter, according to its most recent filing with the SEC. The fund acquired 119,104 shares of the aircraft producer’s stock, valued at approximately $21,065,000. Boeing Company (The) comprises 0.6% of Oppenheimer Asset Management Inc.’s investment portfolio, making the stock its 26th largest position.

Several other large investors also recently made changes to their positions in BA. Macquarie Group Ltd. raised its stake in shares of Boeing Company (The) by 20.1% in the fourth quarter. Macquarie Group Ltd. now owns 110,050 shares of the aircraft producer’s stock worth $17,132,000 after buying an additional 18,380 shares during the period. Triangle Securities Wealth Management raised its stake in Boeing Company (The) by 1.2% in the first quarter. Triangle Securities Wealth Management now owns 4,670 shares of the aircraft producer’s stock valued at $826,000 after buying an additional 55 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Boeing Company (The) by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 496,211 shares of the aircraft producer’s stock valued at $87,748,000 after buying an additional 11,523 shares during the last quarter. Burns J W & Co. Inc. NY raised its stake in Boeing Company (The) by 1.8% in the first quarter. Burns J W & Co. Inc. NY now owns 3,883 shares of the aircraft producer’s stock valued at $687,000 after buying an additional 68 shares during the last quarter. Finally, Pure Financial Advisors Inc. raised its stake in Boeing Company (The) by 107.1% in the first quarter. Pure Financial Advisors Inc. now owns 3,391 shares of the aircraft producer’s stock valued at $600,000 after buying an additional 1,754 shares during the last quarter. 74.47% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Company (NYSE:BA) traded up 0.47% during mid-day trading on Friday, reaching $233.98. 959,774 shares of the company’s stock were exchanged. The stock has a market capitalization of $138.30 billion, a PE ratio of 20.50 and a beta of 1.16. The firm’s 50-day moving average is $216.13 and its 200 day moving average is $188.54. Boeing Company has a 1-year low of $126.31 and a 1-year high of $246.49.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping 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 firm had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. During the same quarter in the prior year, the business posted ($0.44) earnings per share. Boeing Company (The)’s revenue for the quarter was down 8.1% compared to the same quarter last year. Analysts forecast that Boeing Company will post $9.95 earnings per share for the current fiscal year.

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

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Several research firms have commented on BA. Argus reaffirmed a “buy” rating and issued a $270.00 price target on shares of Boeing Company (The) in a report on Tuesday, August 1st. Canaccord Genuity reaffirmed a “hold” rating and issued a $215.00 price target (up from $200.00) on shares of Boeing Company (The) in a report on Sunday, July 30th. Vetr raised shares of Boeing Company (The) from a “sell” rating to a “buy” rating and set a $253.33 price target on the stock in a report on Monday, July 31st. J P Morgan Chase & Co upped their price target on shares of Boeing Company (The) from $20.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, July 31st. Finally, Vertical Research reaffirmed a “hold” rating and issued a $242.00 price target (up from $187.00) on shares of Boeing Company (The) in a report on Thursday, July 27th. Two research 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. Boeing Company (The) currently has a consensus rating of “Hold” and a consensus target price of $228.31.

In other Boeing Company (The) news, Chairman Dennis A. Muilenburg sold 56,838 shares of the business’s stock in a transaction that occurred 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 sale, the chairman now directly owns 127,778 shares in the company, valued at $31,108,831.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Robert E. Verbeck sold 2,522 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was 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. Over 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 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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