Front Barnett Associates LLC Has $788,000 Stake in Boeing Company (The) (BA)

Front Barnett Associates LLC held its position in Boeing Company (The) (NYSE:BA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,458 shares of the aircraft producer’s stock at the end of the first quarter. Front Barnett Associates LLC’s holdings in Boeing Company (The) were worth $788,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. LSV Asset Management increased its stake in shares of 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 during the period. Bank of Montreal Can boosted its position in shares of 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 during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Boeing Company (The) by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,805,230 shares of the aircraft producer’s stock worth $319,273,000 after buying an additional 29,636 shares during the period. AQR Capital Management LLC boosted its position in shares of Boeing Company (The) by 16.2% in the fourth quarter. AQR Capital Management LLC now owns 1,578,138 shares of the aircraft producer’s stock worth $245,684,000 after buying an additional 220,196 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Boeing Company (The) by 8.6% in the fourth quarter. Franklin Resources Inc. now owns 1,328,076 shares of the aircraft producer’s stock worth $206,755,000 after buying an additional 105,313 shares during the period. Hedge funds and other institutional investors own 73.02% of the company’s stock.

Boeing Company (BA) opened at 209.00 on Tuesday. Boeing Company has a 12-month low of $126.31 and a 12-month high of $209.72. The stock’s 50 day moving average price is $190.02 and its 200 day moving average price is $175.93. The company has a market capitalization of $126.15 billion, a PE ratio of 25.75 and a beta of 1.12.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.10. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.27 billion. Boeing Company (The) had a net margin of 5.52% and a return on equity of 495.68%. The company’s revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.74 earnings per share. On average, equities analysts anticipate that Boeing Company will post $9.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be paid a dividend of $1.42 per share. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.72%. Boeing Company (The)’s dividend payout ratio is currently 69.61%.

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A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Vetr cut shares of Boeing Company (The) from a “buy” rating to a “hold” rating and set a $205.82 price target on the stock. in a report on Tuesday, July 4th. ValuEngine upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Barclays PLC upped their price target on shares of Boeing Company (The) from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, May 22nd. Finally, Gabelli restated a “buy” rating on shares of Boeing Company (The) in a research report on Friday, April 7th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $183.45.

In other news, SVP Timothy John Keating sold 32,500 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $184.51, for a total value of $5,996,575.00. Following the completion of the sale, the senior vice president now owns 107,437 shares of the company’s stock, valued at approximately $19,823,200.87. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Gregory L. Hyslop sold 5,047 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $182.83, for a total transaction of $922,743.01. Following the completion of the transaction, the senior vice president now owns 8,829 shares in the company, valued at $1,614,206.07. The disclosure for this sale can be found here. Insiders have sold 63,403 shares of company stock valued at $11,666,138 in the last three months. Corporate 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.

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

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