Iberiabank Corp cut its holdings in Boeing Company (The) (NYSE:BA) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,465 shares of the aircraft producer’s stock after selling 44 shares during the quarter. Iberiabank Corp’s holdings in Boeing Company (The) were worth $290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. boosted its position in Boeing Company (The) by 2.0% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 15,653 shares of the aircraft producer’s stock valued at $2,588,000 after acquiring an additional 312 shares in the last quarter. Taylor Wealth Management Partners boosted its position in Boeing Company (The) by 61.6% during the 1st quarter. Taylor Wealth Management Partners now owns 918 shares of the aircraft producer’s stock valued at $162,000 after acquiring an additional 350 shares in the last quarter. Waldron LP boosted its position in Boeing Company (The) by 23.8% during the 1st quarter. Waldron LP now owns 2,051 shares of the aircraft producer’s stock valued at $362,000 after acquiring an additional 394 shares in the last quarter. Sigma Planning Corp boosted its position in Boeing Company (The) by 6.0% during the 1st quarter. Sigma Planning Corp now owns 19,047 shares of the aircraft producer’s stock valued at $3,369,000 after acquiring an additional 1,072 shares in the last quarter. Finally, UMB Bank N A MO boosted its position in Boeing Company (The) by 5.9% during the 1st quarter. UMB Bank N A MO now owns 167,067 shares of the aircraft producer’s stock valued at $29,548,000 after acquiring an additional 9,343 shares in the last quarter. 72.17% of the stock is currently owned by institutional investors.

In related news, SVP Thomas J. Downey sold 134 shares of the firm’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the transaction, the chairman now directly owns 127,778 shares of the company’s stock, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,468 shares of company stock valued at $20,353,814. 0.28% of the stock is currently owned by corporate insiders.

Shares of Boeing Company (NYSE BA) traded up 0.13% during midday trading on Thursday, hitting $255.79. 1,450,170 shares of the stock were exchanged. The stock has a market cap of $151.19 billion, a price-to-earnings ratio of 22.41 and a beta of 1.18. Boeing Company has a 12 month low of $128.18 and a 12 month high of $256.99. The firm’s 50-day moving average is $239.32 and its 200-day moving average is $202.49. Boeing Company (The) also was the recipient of unusually large options trading activity on Monday. Stock investors purchased 13,276 put options on the stock. This is an increase of approximately 120% compared to the typical volume of 6,030 put options.

Boeing Company (The) (NYSE:BA) last issued its earnings results 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 firm had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. During the same quarter last year, the company posted ($0.44) earnings per share. The firm’s revenue was down 8.1% compared to the same quarter last year. Equities research analysts predict that Boeing Company will post $9.99 earnings per share 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. The ex-dividend date was Wednesday, August 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.22%. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.

Several equities analysts have recently issued reports on BA shares. Zacks Investment Research upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a report on Tuesday, July 11th. Deutsche Bank AG lifted their target price on shares of Boeing Company (The) to $300.00 and gave the company a “buy” rating in a report on Thursday, September 14th. Berenberg Bank set a $245.00 target price on shares of Boeing Company (The) and gave the company a “buy” rating in a report on Friday, July 21st. Credit Suisse Group reiterated a “sell” rating on shares of Boeing Company (The) in a report on Friday, July 28th. Finally, J P Morgan Chase & Co upgraded shares of Boeing Company (The) from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $205.00 to $240.00 in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $239.65.

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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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