Agran Libbie Reduces Stake in Boeing Company (The) (BA)

Agran Libbie cut its position in Boeing Company (The) (NYSE:BA) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,694 shares of the aircraft producer’s stock after selling 400 shares during the period. Agran Libbie’s holdings in Boeing Company (The) were worth $4,191,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in Boeing Company (The) by 4.9% in the fourth quarter. State Street Corp now owns 28,345,503 shares of the aircraft producer’s stock worth $4,412,830,000 after buying an additional 1,323,732 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Boeing Company (The) by 1,283.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,034,999 shares of the aircraft producer’s stock worth $161,129,000 after buying an additional 960,213 shares during the last quarter. Bank of Montreal Can boosted its stake 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 worth $524,974,000 after buying an additional 694,658 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Boeing Company (The) during the fourth quarter worth approximately $35,819,000. Finally, AQR Capital Management LLC boosted its stake in Boeing Company (The) by 16.2% in the fourth quarter. AQR Capital Management LLC now owns 1,578,138 shares of the aircraft producer’s stock worth $245,684,000 after buying an additional 220,196 shares during the last quarter. 73.14% of the stock is currently owned by institutional investors.

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

Boeing Company (BA) opened at 196.44 on Friday. The stock has a market capitalization of $118.57 billion, a price-to-earnings ratio of 24.20 and a beta of 1.14. Boeing Company has a 1-year low of $122.35 and a 1-year high of $197.95. The firm’s 50-day moving average is $186.13 and its 200 day moving average is $172.90. Boeing Company (The) also was the target of unusually large options trading on Friday. Stock investors purchased 3,818 call options on the company. This is an increase of 270% compared to the typical volume of 1,031 call options.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.10. Boeing Company (The) had a return on equity of 495.68% and a net margin of 5.52%. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.27 billion. During the same period last year, the company earned $1.74 EPS. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. Equities analysts anticipate that Boeing Company will post $9.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 12th were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Wednesday, May 10th. Boeing Company (The)’s dividend payout ratio (DPR) is presently 69.61%.

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A number of research firms have commented on BA. Cowen and Company restated an “outperform” rating and set a $215.00 target price on shares of Boeing Company (The) in a research note on Tuesday. Vetr cut shares of Boeing Company (The) from a “buy” rating to a “hold” rating and set a $202.94 target price on the stock. in a research note on Thursday. ValuEngine upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Canaccord Genuity restated a “hold” rating and set a $170.00 target price on shares of Boeing Company (The) in a research note on Thursday, April 27th. Finally, Berenberg Bank began coverage on shares of Boeing Company (The) in a research note on Wednesday, March 29th. They set a “buy” rating and a $202.00 target price on the stock. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $167.65.

In other Boeing Company (The) news, SVP Bertrand Marc Allen sold 15,470 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $183.62, for a total value of $2,840,601.40. Following the completion of the sale, the senior vice president now directly owns 43,801 shares of the company’s stock, valued at approximately $8,042,739.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Timothy John Keating sold 32,500 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $184.51, for a total value of $5,996,575.00. Following the completion of the sale, the senior vice president now directly owns 107,437 shares of the company’s stock, valued at $19,823,200.87. The disclosure for this sale can be found here. Insiders sold a total of 63,403 shares of company stock valued at $11,666,138 over the last ninety days. Corporate 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.

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