Driehaus Capital Management LLC acquired a new position in shares of Boeing Company (The) (NYSE:BA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,328 shares of the aircraft producer’s stock, valued at approximately $412,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BA. State Street Corp raised its position in Boeing Company (The) by 0.3% in the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock worth $5,028,731,000 after buying an additional 87,850 shares in the last quarter. LSV Asset Management raised its position in Boeing Company (The) by 4.9% in the first quarter. LSV Asset Management now owns 2,985,054 shares of the aircraft producer’s stock worth $527,936,000 after buying an additional 138,170 shares in the last quarter. Bank of Montreal Can raised its position 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 worth $524,974,000 after buying an additional 694,658 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position 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 worth $520,517,000 after buying an additional 308,976 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Boeing Company (The) by 66.5% in the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock worth $464,732,000 after buying an additional 1,049,546 shares in the last quarter. Institutional investors and hedge funds own 74.47% of the company’s stock.

Boeing Company (NYSE:BA) traded up 0.86% during midday trading on Friday, hitting $234.88. 3,461,663 shares of the company traded hands. The stock’s 50-day moving average is $217.15 and its 200-day moving average is $189.10. The firm has a market capitalization 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 issued its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. During the same quarter in the prior year, the firm earned ($0.44) earnings per share. The firm’s revenue was down 8.1% compared to the same quarter last year. Analysts anticipate that Boeing Company will post $9.95 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors 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 yield of 2.42%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s payout ratio is 49.74%.

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A number of research analysts recently commented on BA shares. Canaccord Genuity reiterated a “hold” rating and set a $215.00 price objective (up previously from $200.00) on shares of Boeing Company (The) in a research note on Sunday, July 30th. Argus restated a “buy” rating and issued a $270.00 price target on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Buckingham Research upgraded shares of Boeing Company (The) from an “underperform” rating to a “neutral” rating in a research report on Friday, July 28th. Vetr upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price target on the stock in a research report on Monday, August 7th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Boeing Company (The) in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $228.31.

In related news, SVP Heidi B. Capozzi sold 4,217 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total transaction of $1,018,447.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Thomas J. Downey sold 134 shares of the stock in a transaction on Monday, August 7th. The stock was 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 83,468 shares of company stock valued at $20,353,814 in the last 90 days. 0.28% of the stock is currently owned by corporate insiders.

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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