DekaBank Deutsche Girozentrale Has $33.93 Million Position in Boeing Company (The) (NYSE:BA)

DekaBank Deutsche Girozentrale lessened its holdings in shares of Boeing Company (The) (NYSE:BA) by 7.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 169,744 shares of the aircraft producer’s stock after selling 13,876 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Boeing Company (The) were worth $33,926,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Crescent Grove Advisors LLC acquired a new stake in shares of Boeing Company (The) during the second quarter worth approximately $1,120,000. First Trust Advisors LP grew its position in shares of Boeing Company (The) by 6.9% during the second quarter. First Trust Advisors LP now owns 612,380 shares of the aircraft producer’s stock worth $121,098,000 after buying an additional 39,261 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Boeing Company (The) by 27.4% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,481 shares of the aircraft producer’s stock worth $688,000 after buying an additional 748 shares in the last quarter. National Planning Corp grew its position in shares of Boeing Company (The) by 4.6% during the second quarter. National Planning Corp now owns 23,743 shares of the aircraft producer’s stock worth $4,715,000 after buying an additional 1,045 shares in the last quarter. Finally, New Jersey Better Educational Savings Trust grew its position in shares of Boeing Company (The) by 50.0% during the second quarter. New Jersey Better Educational Savings Trust now owns 3,000 shares of the aircraft producer’s stock worth $593,000 after buying an additional 1,000 shares in the last quarter. 72.05% of the stock is owned by hedge funds and other institutional investors.

In other Boeing Company (The) news, Chairman Dennis A. Muilenburg sold 56,838 shares of the firm’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 completion of the sale, the chairman now directly owns 127,778 shares in the company, valued at $31,108,831.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Thomas J. Downey sold 134 shares of the firm’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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,468 shares of company stock valued at $20,353,814. 0.28% of the stock is currently owned by company insiders.

BA has been the topic of several research analyst reports. Vetr cut Boeing Company (The) from a “buy” rating to a “hold” rating and set a $205.82 target price on the stock. in a research note on Tuesday, July 4th. Royal Bank Of Canada restated a “sell” rating and set a $146.00 price objective on shares of Boeing Company (The) in a research note on Friday, July 7th. Canaccord Genuity restated a “hold” rating and set a $170.00 price objective on shares of Boeing Company (The) in a research note on Sunday, July 9th. Jefferies Group LLC lifted their price objective on shares of Boeing Company (The) from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Finally, Robert W. Baird lifted their price objective on shares of Boeing Company (The) from $208.00 to $240.00 and gave the company an “outperform” rating in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $251.40.

Shares of Boeing Company (NYSE BA) opened at 256.46 on Friday. Boeing Company has a 12 month low of $138.80 and a 12 month high of $267.21. The firm has a 50-day moving average price of $254.15 and a 200-day moving average price of $217.28. The company has a market capitalization of $151.59 billion, a PE ratio of 22.47 and a beta of 1.21.

Boeing Company (The) (NYSE:BA) last posted its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.07. The company 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%. Boeing Company (The)’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.51 earnings per share. On average, equities research analysts predict that Boeing Company will post $10.08 EPS for the current year.

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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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