Wedgewood Partners Inc. acquired a new stake in Boeing Company (The) (NYSE:BA) during the first quarter, Holdings Channel reports. The firm acquired 1,250 shares of the aircraft producer’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp raised its position in shares of Boeing Company (The) by 100.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 38,289 shares of the aircraft producer’s stock worth $6,772,000 after buying an additional 19,213 shares during the last quarter. American National Bank raised its position in shares of Boeing Company (The) by 30.6% in the first quarter. American National Bank now owns 28,410 shares of the aircraft producer’s stock worth $5,025,000 after buying an additional 6,661 shares during the last quarter. Sonata Capital Group Inc. raised its position in shares of Boeing Company (The) by 0.3% in the first quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock worth $884,000 after buying an additional 16 shares during the last quarter. First Command Financial Services Inc. raised its position in shares of Boeing Company (The) by 2.3% in the first quarter. First Command Financial Services Inc. now owns 5,028 shares of the aircraft producer’s stock worth $889,000 after buying an additional 111 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its position in shares of Boeing Company (The) by 7.9% in the first quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock worth $1,199,000 after buying an additional 499 shares during the last quarter. Hedge funds and other institutional investors own 74.47% of the company’s stock.

Boeing Company (NYSE:BA) traded up 0.86% during trading on Friday, reaching $234.88. 3,461,663 shares of the company’s stock were exchanged. Boeing Company has a 52 week low of $126.31 and a 52 week high of $246.49. The firm has a market capitalization of $138.83 billion, a price-to-earnings ratio of 20.58 and a beta of 1.16. The stock has a 50-day moving average price of $217.15 and a 200 day moving average price of $189.10.

Boeing Company (The) (NYSE:BA) last issued its 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. The company 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 business’s revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.44) EPS. Equities research analysts forecast that Boeing Company will post $9.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders 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 annualized dividend and a dividend yield of 2.42%. Boeing Company (The)’s payout ratio is currently 49.74%.

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BA has been the topic of a number of recent analyst reports. Canaccord Genuity upped their price target on shares of Boeing Company (The) from $162.00 to $170.00 and gave the company a “hold” rating in a research note on Tuesday, April 18th. Credit Suisse Group restated a “hold” rating and set a $200.00 price target on shares of Boeing Company (The) in a research note on Thursday, April 27th. Royal Bank Of Canada upped their price target on shares of Boeing Company (The) from $138.00 to $146.00 and gave the company an “underperform” rating in a research note on Thursday, April 27th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $134.00 price target on shares of Boeing Company (The) in a research note on Thursday, April 27th. Finally, Deutsche Bank AG upped their price target on shares of Boeing Company (The) from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average 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 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 directly owns 127,778 shares in the company, valued at approximately $31,108,831.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Heidi B. Capozzi sold 4,217 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total transaction of $1,018,447.67. The disclosure for this sale can be found here. Insiders have sold a total of 83,468 shares of company stock worth $20,353,814 over the last 90 days. 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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