Bourne Lent Asset Management Inc. continued to hold its stake in shares of Boeing Company (The) (NYSE:BA) during the second quarter, Holdings Channel reports. The firm owned 1,578 shares of the aircraft producer’s stock at the end of the second quarter. Bourne Lent Asset Management Inc.’s holdings in Boeing Company (The) were worth $312,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BA. Proficio Capital Partners LLC raised its stake in shares of Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after buying an additional 402 shares during the last quarter. MCF Advisors LLC raised its stake in shares of Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after buying an additional 62 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after buying an additional 107 shares during the last quarter. Gemmer Asset Management LLC raised its stake in shares of Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock worth $159,000 after buying an additional 302 shares during the last quarter. Finally, Pinnacle Bank acquired a new stake in shares of Boeing Company (The) during the first quarter worth about $160,000. 74.47% of the stock is currently owned by institutional investors and hedge funds.

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 market capitalization of $138.83 billion, a price-to-earnings ratio of 20.58 and a beta of 1.16. Boeing Company has a 52-week low of $126.31 and a 52-week high of $246.49. The firm 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 posted its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. The company 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 company’s revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.44) earnings per share. Equities research analysts predict that Boeing Company will post $9.95 EPS for the current fiscal year.

The company also recently disclosed 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. This represents a $5.68 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Wednesday, August 9th. Boeing Company (The)’s payout ratio is 49.74%.

WARNING: This article was originally published by Daily Political and is owned by of Daily Political. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/08/13/boeing-company-the-ba-position-maintained-by-bourne-lent-asset-management-inc.html.

BA has been the topic of a number of analyst reports. Cowen and Company lifted 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 report on Wednesday, July 26th. Deutsche Bank AG boosted their price objective on Boeing Company (The) from $205.00 to $210.00 and gave the company a “buy” rating in a report on Friday, April 28th. ValuEngine raised Boeing Company (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Vetr raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $206.38 price objective for the company in a 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. Boeing Company (The) currently has a consensus rating of “Hold” and an average price target of $228.31.

In other news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the 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 directly owns 127,778 shares in the company, valued at $31,108,831.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,468 shares of company stock valued at $20,353,814. 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.