Boeing Company (The) (BA) Shares Bought by Lincoln National Corp

Lincoln National Corp raised its stake in shares of Boeing Company (The) (NYSE:BA) by 11.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,209 shares of the aircraft producer’s stock after acquiring an additional 438 shares during the period. Lincoln National Corp’s holdings in Boeing Company (The) were worth $832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Welch Group LLC bought a new position in Boeing Company (The) during the 2nd quarter valued at about $292,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Boeing Company (The) by 8.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,949,657 shares of the aircraft producer’s stock worth $385,545,000 after purchasing an additional 144,427 shares during the period. Virginia Retirement Systems ET AL lifted its stake in shares of Boeing Company (The) by 20.1% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 123,100 shares of the aircraft producer’s stock worth $24,343,000 after purchasing an additional 20,600 shares during the period. MARSHALL WACE ASIA Ltd lifted its stake in shares of Boeing Company (The) by 0.7% in the 2nd quarter. MARSHALL WACE ASIA Ltd now owns 12,660 shares of the aircraft producer’s stock worth $2,507,000 after purchasing an additional 86 shares during the period. Finally, RiverPoint Capital Management LLC lifted its stake in shares of Boeing Company (The) by 8.0% in the 2nd quarter. RiverPoint Capital Management LLC now owns 5,290 shares of the aircraft producer’s stock worth $1,046,000 after purchasing an additional 390 shares during the period. Institutional investors and hedge funds own 72.23% of the company’s stock.

In related news, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is currently owned by insiders.

Several equities analysts have recently weighed in 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 price objective on the stock in a research note on Tuesday, July 11th. Canaccord Genuity reiterated a “hold” rating and issued a $235.00 price objective (up previously from $215.00) on shares of Boeing Company (The) in a research note on Sunday, September 17th. ValuEngine upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Cowen and Company reiterated an “outperform” rating and issued a $300.00 price objective (up previously from $255.00) on shares of Boeing Company (The) in a research note on Monday, July 24th. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Boeing Company (The) in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $256.21.

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Boeing Company (The) (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. Boeing Company (The) had a return on equity of 12,064.25% and a net margin of 7.33%. The firm had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. During the same period in the previous year, the business earned $3.51 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, November 9th. Boeing Company (The)’s payout ratio is 52.21%.

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.

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

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