Boeing Company (The) (NYSE:BA) Position Cut by Haverford Trust Co.

Haverford Trust Co. lowered its stake in Boeing Company (The) (NYSE:BA) by 12.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,535 shares of the aircraft producer’s stock after selling 773 shares during the period. Haverford Trust Co.’s holdings in Boeing Company (The) were worth $979,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can raised its stake in shares of 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 valued at $524,974,000 after buying an additional 694,658 shares during the last quarter. Swiss National Bank increased its position in Boeing Company (The) by 25.2% in the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock valued at $367,407,000 after buying an additional 418,500 shares during the period. AQR Capital Management LLC increased its position 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 valued at $245,684,000 after buying an additional 220,196 shares during the period. British Airways Pensions Investment Management Ltd increased its position in Boeing Company (The) by 184.8% in the first quarter. British Airways Pensions Investment Management Ltd now owns 282,482 shares of the aircraft producer’s stock valued at $49,934,000 after buying an additional 183,286 shares during the period. Finally, LSV Asset Management increased its position in Boeing Company (The) by 4.9% in the first quarter. LSV Asset Management now owns 2,985,054 shares of the aircraft producer’s stock valued at $527,936,000 after buying an additional 138,170 shares during the period. 74.44% of the stock is currently owned by institutional investors.

Shares of Boeing Company (NYSE BA) traded up 0.08% during midday trading on Friday, reaching $235.77. The company’s stock had a trading volume of 2,939,494 shares. Boeing Company has a 12 month low of $126.31 and a 12 month high of $246.49. The stock has a market capitalization of $139.36 billion, a PE ratio of 20.66 and a beta of 1.16. The stock’s 50 day moving average is $222.49 and its 200 day moving average is $191.63.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. During the same period in the prior year, the business posted ($0.44) earnings per share. Boeing Company (The)’s revenue was down 8.1% compared to the same quarter last year. On average, analysts forecast that Boeing Company will post $9.99 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $5.68 annualized dividend and a yield of 2.41%. Boeing Company (The)’s dividend payout ratio is currently 49.74%.

TRADEMARK VIOLATION NOTICE: This article was posted by BNB Daily and is the property of of BNB Daily. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/19/boeing-company-the-nyseba-shares-sold-by-haverford-trust-co-updated-updated-updated.html.

A number of brokerages recently commented on BA. Royal Bank Of Canada lifted their target price on Boeing Company (The) from $138.00 to $146.00 and gave the company an “underperform” rating in a research report on Thursday, April 27th. Argus reaffirmed a “buy” rating and issued a $270.00 price objective on shares of Boeing Company (The) in a research note on Tuesday, August 1st. Zacks Investment Research cut Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Vetr cut Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 price objective for the company. in a research note on Wednesday. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $170.00 price objective on shares of Boeing Company (The) in a research note on Sunday, July 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $230.62.

In other Boeing Company (The) news, Chairman Dennis A. Muilenburg sold 56,838 shares of the company’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 completion of the sale, the chairman now 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregory D. Smith sold 19,757 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the completion of the sale, the chief financial officer now directly owns 152,195 shares of the company’s stock, valued at approximately $37,351,696.90. The disclosure for this sale can be found here. Insiders sold 83,468 shares of company stock worth $20,353,814 over the last 90 days. 0.28% of the stock is currently owned by company insiders.

Boeing Company (The) Company 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)

Receive News & Ratings for Boeing Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply