First City Capital Management Inc. maintained its stake in shares of Boeing Company (The) (NYSE:BA) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,824 shares of the aircraft producer’s stock at the end of the first quarter. First City Capital Management Inc.’s holdings in Boeing Company (The) were worth $323,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of BA. AQR Capital Management LLC increased its position in Boeing Company (The) by 66.5% in the 1st quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after acquiring an additional 1,049,546 shares during the period. Swiss National Bank increased its position in Boeing Company (The) by 25.2% in the 1st quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock valued at $367,407,000 after acquiring an additional 418,500 shares during the period. Schwab Charles Investment Management Inc. increased its position in Boeing Company (The) by 11.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock valued at $520,517,000 after acquiring an additional 308,976 shares during the period. Karp Capital Management Corp acquired a new position in Boeing Company (The) in the 1st quarter valued at about $43,336,000. Finally, British Airways Pensions Investment Management Ltd increased its position in Boeing Company (The) by 184.8% in the 1st quarter. British Airways Pensions Investment Management Ltd now owns 282,482 shares of the aircraft producer’s stock valued at $49,934,000 after acquiring an additional 183,286 shares during the period. Hedge funds and other institutional investors own 72.31% of the company’s stock.

Shares of Boeing Company (NYSE:BA) traded down 0.69% on Wednesday, reaching $238.93. The company’s stock had a trading volume of 1,114,004 shares. Boeing Company has a 1-year low of $126.34 and a 1-year high of $246.49. The stock has a 50-day moving average of $236.48 and a 200 day moving average of $199.62. The stock has a market capitalization of $141.23 billion, a PE ratio of 20.93 and a beta of 1.18.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. The firm had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.44) earnings per share. On average, equities analysts forecast that Boeing Company will post $9.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Wednesday, August 9th. Boeing Company (The)’s payout ratio is 49.74%.

Several brokerages recently issued reports on BA. Vetr upgraded 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. Cowen and Company restated a “buy” rating and issued a $300.00 price target on shares of Boeing Company (The) in a research report on Tuesday. Sanford C. Bernstein restated an “outperform” rating and issued a $274.00 price target on shares of Boeing Company (The) in a research report on Friday, August 11th. Royal Bank Of Canada upgraded Boeing Company (The) from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from $146.00 to $235.00 in a research report on Thursday, July 27th. Finally, UBS AG boosted their price target on Boeing Company (The) from $180.00 to $253.00 and gave the company a “neutral” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $232.08.

In related news, SVP Heidi B. Capozzi sold 4,217 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total value of $1,018,447.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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. Insiders have sold 83,468 shares of company stock valued at $20,353,814 over the last 90 days. 0.28% of the stock is currently owned by insiders.

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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.

Institutional Ownership by Quarter for Boeing Company (The) (NYSE:BA)

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