Boeing Company (The) (NYSE:BA) Stake Boosted by First Trust Advisors LP

First Trust Advisors LP boosted its stake in shares of Boeing Company (The) (NYSE:BA) by 6.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 612,380 shares of the aircraft producer’s stock after acquiring an additional 39,261 shares during the quarter. First Trust Advisors LP owned about 0.10% of Boeing Company (The) worth $121,098,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Sonata Capital Group Inc. raised its stake 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 worth $884,000 after buying an additional 16 shares in the last quarter. Investment Partners Ltd. OH ADV increased its stake in Boeing Company (The) by 1.1% in the 1st quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock valued at $1,274,000 after purchasing an additional 79 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in Boeing Company (The) by 7.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock valued at $1,199,000 after purchasing an additional 499 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in Boeing Company (The) by 0.3% in the 1st quarter. Harbour Capital Advisors LLC now owns 7,172 shares of the aircraft producer’s stock valued at $1,268,000 after purchasing an additional 25 shares in the last quarter. Finally, Cypress Asset Management Inc. TX increased its stake in Boeing Company (The) by 178.6% in the 2nd quarter. Cypress Asset Management Inc. TX now owns 6,544 shares of the aircraft producer’s stock valued at $1,294,000 after purchasing an additional 4,195 shares in the last quarter. 72.05% of the stock is owned by institutional investors.

Boeing Company (NYSE:BA) opened at 259.27 on Friday. Boeing Company has a 52 week low of $138.80 and a 52 week high of $267.21. The firm has a market capitalization of $153.25 billion, a P/E ratio of 22.72 and a beta of 1.21. The firm has a 50-day moving average price of $254.15 and a 200-day moving average price of $217.28.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.51 earnings per share. Equities analysts forecast that Boeing Company will post $10.06 EPS for the current year.

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Several equities analysts recently weighed in on BA shares. Cowen and Company raised their price objective on Boeing Company (The) from $9.80 to $300.00 in a research note on Wednesday, July 26th. TheStreet raised Boeing Company (The) from a “c+” rating to a “b” rating in a research report on Wednesday, July 26th. Zacks Investment Research upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a report on Tuesday, July 11th. Jefferies Group LLC raised their price objective on Boeing Company (The) from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, Vetr upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $206.38 price objective on the stock in a report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $250.53.

In other Boeing Company (The) news, Chairman Dennis A. Muilenburg sold 56,838 shares of the firm’s stock in a transaction that occurred on 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 directly owns 127,778 shares of the company’s stock, valued at $31,108,831.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Thomas J. Downey sold 134 shares of the firm’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 transaction of $32,320.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,468 shares of company stock valued at $20,353,814. Company insiders own 0.28% of the company’s stock.

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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