Nomura Holdings Inc. reduced its stake in shares of Boeing Company (The) (NYSE:BA) by 78.0% during the first quarter, Holdings Channel reports. The firm owned 5,967 shares of the aircraft producer’s stock after selling 21,121 shares during the period. Nomura Holdings Inc.’s holdings in Boeing Company (The) were worth $1,049,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in Boeing Company (The) by 30.6% in the first quarter. Bank of Montreal Can now owns 2,968,297 shares of the aircraft producer’s stock valued at $524,974,000 after buying an additional 694,658 shares during the period. Swiss National Bank boosted its stake in Boeing Company (The) by 25.2% in the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock valued at $367,407,000 after buying an additional 418,500 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Boeing Company (The) by 11.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock valued at $520,517,000 after buying an additional 308,976 shares during the period. Karp Capital Management Corp bought a new stake in Boeing Company (The) during the first quarter valued at about $43,336,000. Finally, British Airways Pensions Investment Management Ltd boosted its stake in Boeing Company (The) by 184.8% in the first quarter. British Airways Pensions Investment Management Ltd now owns 282,482 shares of the aircraft producer’s stock valued at $49,934,000 after buying an additional 183,286 shares during the period. 74.47% of the stock is owned by institutional investors.

Shares of Boeing Company (NYSE:BA) traded up 0.86% on Friday, reaching $234.88. 3,461,663 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $217.15 and a 200 day moving average of $189.10. Boeing Company has a one year low of $126.31 and a one year high of $246.49. The firm has a market capitalization of $138.83 billion, a P/E ratio of 20.58 and a beta of 1.16.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. During the same quarter last year, the company earned ($0.44) earnings per share. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, equities research 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 issued a dividend of $1.42 per share. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.42%. Boeing Company (The)’s payout ratio is currently 49.74%.

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BA has been the subject of several research reports. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $134.00 price objective on shares of Boeing Company (The) in a research report on Thursday, April 27th. Zacks Investment Research raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a research report on Tuesday, July 11th. Barclays PLC boosted their price objective on shares of Boeing Company (The) from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, May 22nd. Canaccord Genuity boosted their price objective on shares of Boeing Company (The) from $162.00 to $170.00 and gave the company a “hold” rating in a research report on Tuesday, April 18th. Finally, Deutsche Bank AG boosted their price objective on shares of Boeing Company (The) from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, April 28th. 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. Boeing Company (The) currently has an average rating of “Hold” and an average price target of $228.31.

In other Boeing Company (The) news, Chairman Dennis A. Muilenburg sold 56,838 shares of the firm’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 sale, the chairman now owns 127,778 shares of the company’s stock, valued at $31,108,831.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert E. Verbeck sold 2,522 shares of the firm’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. In the last three months, insiders have sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is owned by corporate 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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