Lynch & Associates IN boosted its position in shares of Boeing Company (The) (NYSE:BA) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 19,381 shares of the aircraft producer’s stock after buying an additional 250 shares during the period. Boeing Company (The) makes up about 1.5% of Lynch & Associates IN’s holdings, making the stock its 26th largest position. Lynch & Associates IN’s holdings in Boeing Company (The) were worth $3,833,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BA. Oakbrook Investments LLC raised its stake in Boeing Company (The) by 16.8% in the second quarter. Oakbrook Investments LLC now owns 6,068 shares of the aircraft producer’s stock valued at $1,200,000 after buying an additional 875 shares during the last quarter. Bollard Group LLC raised 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 during the last quarter. Sheets Smith Wealth Management raised 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 during the last quarter. Reilly Financial Advisors LLC raised 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 during the last quarter. Finally, Karpas Strategies LLC bought a new stake in Boeing Company (The) during the second quarter valued at about $201,000. Institutional investors own 74.47% of the company’s stock.

Boeing Company (NYSE:BA) traded up 0.86% during midday trading on Friday, reaching $234.88. The company’s stock had a trading volume of 3,461,663 shares. The stock has a 50-day moving average price of $217.15 and a 200 day moving average price of $189.10. The company has a market cap of $138.83 billion, a PE ratio of 20.58 and a beta of 1.16. Boeing Company has a 12 month low of $126.31 and a 12 month high of $246.49.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.23. The firm had revenue of $22.74 billion during 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 business’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.44) EPS. Analysts expect that Boeing Company will post $9.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.42%. Boeing Company (The)’s dividend payout ratio (DPR) is currently 49.74%.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/08/12/lynch-associates-in-raises-position-in-boeing-company-the-nyseba.html.

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

In other news, CFO Gregory D. Smith sold 19,757 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the completion of the transaction, the chief financial officer now directly owns 152,195 shares in the company, valued at approximately $37,351,696.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction on Monday, August 7th. The shares were 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. Insiders have sold a total of 83,468 shares of company stock valued at $20,353,814 over the last 90 days. Company 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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Company (The) (NYSE:BA).

Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

Receive News & Ratings for Boeing Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.