Lucus Advisors LLC Purchases New Stake in Boeing Company (The) (NYSE:BA)

Lucus Advisors LLC purchased a new stake in Boeing Company (The) (NYSE:BA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,303 shares of the aircraft producer’s stock, valued at approximately $407,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LSV Asset Management increased 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 valued at $527,936,000 after buying an additional 138,170 shares during the last quarter. Bank of Montreal Can increased 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 valued at $524,974,000 after buying an additional 694,658 shares during the last quarter. Swiss National Bank increased its position in Boeing Company (The) by 25.2% in the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock valued at $367,407,000 after buying an additional 418,500 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in 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 valued at $319,273,000 after buying an additional 29,636 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Boeing Company (The) by 7.2% in the first quarter. UBS Asset Management Americas Inc. now owns 1,686,459 shares of the aircraft producer’s stock valued at $298,267,000 after buying an additional 112,722 shares during the last quarter. Institutional investors own 74.47% of the company’s stock.

Shares of Boeing Company (NYSE:BA) traded up 0.06% during trading on Thursday, reaching $234.44. The company’s stock had a trading volume of 1,066,245 shares. The stock has a market cap of $138.57 billion, a price-to-earnings ratio of 20.54 and a beta of 1.16. The company has a 50 day moving average of $215.17 and a 200-day moving average of $188.23. 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, beating analysts’ consensus estimates of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The business had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. During the same period in the prior year, the business posted ($0.44) earnings per share. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. Analysts forecast that Boeing Company will post $9.95 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.42%. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.

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BA has been the subject of several analyst reports. Canaccord Genuity restated a “hold” rating and issued a $215.00 target price (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 target price on shares of Boeing Company (The) in a research note on Tuesday, August 1st. Buckingham Research upgraded Boeing Company (The) from an “underperform” rating to a “neutral” rating in a research note on Friday, July 28th. Vetr upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 target price for the company in a research note on Monday. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Boeing Company (The) in a research note on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. Boeing Company (The) presently has an average rating of “Hold” and an average target price of $228.31.

In other Boeing Company (The) news, SVP Heidi B. Capozzi sold 4,217 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total transaction of $1,018,447.67. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $241.20, for a total value 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. Company 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.

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

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