Boeing Company (The) (BA) Stake Decreased by B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund trimmed its stake in shares of Boeing Company (The) (NYSE:BA) by 7.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 17,149 shares of the aircraft producer’s stock after selling 1,393 shares during the quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Boeing Company (The) were worth $3,033,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. GWM Advisors LLC lifted its position in shares of Boeing Company (The) by 0.6% during the 1st quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock valued at $233,000 after acquiring an additional 8 shares during the period. Arcus Capital Partners LLC lifted its position in shares of Boeing Company (The) by 0.8% during the 1st quarter. Arcus Capital Partners LLC now owns 1,628 shares of the aircraft producer’s stock valued at $288,000 after acquiring an additional 13 shares during the period. Trust Co. of Virginia VA lifted its position in shares of Boeing Company (The) by 0.5% during the 1st quarter. Trust Co. of Virginia VA now owns 3,239 shares of the aircraft producer’s stock valued at $573,000 after acquiring an additional 15 shares during the period. Sonata Capital Group Inc. lifted its position in shares of Boeing Company (The) by 0.3% during the 1st quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock valued at $884,000 after acquiring an additional 16 shares during the period. Finally, McNamara Financial Services Inc. lifted its position in shares of Boeing Company (The) by 0.8% during the 1st quarter. McNamara Financial Services Inc. now owns 2,184 shares of the aircraft producer’s stock valued at $386,000 after acquiring an additional 17 shares during the period. Hedge funds and other institutional investors own 72.31% of the company’s stock.

Several analysts recently weighed in on BA shares. Vetr downgraded Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price objective for the company. in a research report on Wednesday, July 26th. Zacks Investment Research downgraded Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. ValuEngine upgraded Boeing Company (The) from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Credit Suisse Group upgraded Boeing Company (The) from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $200.00 to $300.00 in a research report on Thursday, July 27th. Finally, UBS AG upped their price objective on Boeing Company (The) from $180.00 to $253.00 and gave the stock a “neutral” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Boeing Company (The) currently has an average rating of “Buy” and an average target price of $232.08.

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In related news, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $243.46, for a total value of $13,837,779.48. Following the transaction, the chairman now owns 127,778 shares in the company, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is owned by company insiders.

Shares of Boeing Company (NYSE:BA) traded down 0.58% during midday trading on Tuesday, hitting $239.20. The company had a trading volume of 1,061,053 shares. The firm’s 50 day moving average is $236.36 and its 200 day moving average is $199.32. The company has a market capitalization of $141.39 billion, a P/E ratio of 20.96 and a beta of 1.18. Boeing Company has a 52 week low of $126.34 and a 52 week high of $246.49.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings results 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 company had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. During the same quarter in the previous year, the business earned ($0.44) EPS. Boeing Company (The)’s revenue was down 8.1% compared to the same quarter last year. Equities research analysts anticipate that Boeing Company will post $9.99 EPS for the current year.

The firm also recently declared 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 of this dividend was Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.36%. Boeing Company (The)’s dividend payout ratio is presently 49.74%.

Boeing Company (The) 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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