Kovitz Investment Group Partners LLC decreased its stake in Boeing Company (The) (NYSE:BA) by 0.5% during the first quarter, Holdings Channel reports. The fund owned 425,611 shares of the aircraft producer’s stock after selling 2,217 shares during the period. Boeing Company (The) comprises about 4.1% of Kovitz Investment Group Partners LLC’s investment portfolio, making the stock its 5th largest position. Kovitz Investment Group Partners LLC’s holdings in Boeing Company (The) were worth $75,273,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BA. Pure Financial Advisors Inc. boosted its position in Boeing Company (The) by 107.1% in the first quarter. Pure Financial Advisors Inc. now owns 3,391 shares of the aircraft producer’s stock valued at $600,000 after buying an additional 1,754 shares during the last quarter. Manning & Napier Advisors LLC boosted its position in Boeing Company (The) by 2.9% in the first quarter. Manning & Napier Advisors LLC now owns 90,293 shares of the aircraft producer’s stock valued at $15,967,000 after buying an additional 2,583 shares during the last quarter. Fulton Bank N.A. boosted its position in Boeing Company (The) by 294.8% in the first quarter. Fulton Bank N.A. now owns 7,982 shares of the aircraft producer’s stock valued at $1,412,000 after buying an additional 5,960 shares during the last quarter. Hefty Wealth Partners boosted its position in Boeing Company (The) by 718.8% in the first quarter. Hefty Wealth Partners now owns 4,176 shares of the aircraft producer’s stock valued at $738,000 after buying an additional 3,666 shares during the last quarter. Finally, Indiana Trust & Investment Management CO boosted its position in Boeing Company (The) by 0.7% in the first quarter. Indiana Trust & Investment Management CO now owns 6,607 shares of the aircraft producer’s stock valued at $1,169,000 after buying an additional 45 shares during the last quarter. Institutional investors own 74.47% of the company’s stock.

Shares of Boeing Company (NYSE:BA) traded up 0.86% on Friday, hitting $234.88. The company’s stock had a trading volume of 3,461,663 shares. The stock’s 50 day moving average is $217.15 and its 200-day moving average is $189.10. The company has a market cap 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.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating the 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 business had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. During the same period in the previous year, the company posted ($0.44) EPS. Boeing Company (The)’s revenue was down 8.1% on a year-over-year basis. On average, equities research analysts anticipate that Boeing Company will post $9.95 earnings per share for the current year.

The business also recently declared 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 of this dividend is Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio is currently 49.74%.

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BA has been the topic of several recent analyst reports. Canaccord Genuity boosted their target price on Boeing Company (The) from $162.00 to $170.00 and gave the stock a “hold” rating in a research report on Tuesday, April 18th. Credit Suisse Group reiterated a “hold” rating and set a $200.00 target price on shares of Boeing Company (The) in a research report on Thursday, April 27th. Royal Bank Of Canada boosted their target price on Boeing Company (The) from $138.00 to $146.00 and gave the stock an “underperform” rating in a research report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $134.00 target price on shares of Boeing Company (The) in a research report on Thursday, April 27th. Finally, Deutsche Bank AG boosted their target price on Boeing Company (The) from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $228.31.

In other news, SVP Heidi B. Capozzi sold 4,217 shares of the business’s 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Over the last 90 days, insiders have sold 83,468 shares of company stock worth $20,353,814. 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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