Cypress Capital Management LLC WY Has $356,000 Position in Boeing Company (The) (NYSE:BA)

Cypress Capital Management LLC WY continued to hold its stake in Boeing Company (The) (NYSE:BA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,800 shares of the aircraft producer’s stock at the end of the second quarter. Cypress Capital Management LLC WY’s holdings in Boeing Company (The) were worth $356,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. GWM Advisors LLC raised its stake in Boeing Company (The) by 0.6% in the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock valued at $233,000 after buying an additional 8 shares in the last quarter. Howe & Rusling Inc. increased its stake in shares of Boeing Company (The) by 0.3% in the first quarter. Howe & Rusling Inc. now owns 2,898 shares of the aircraft producer’s stock worth $512,000 after buying an additional 9 shares during the period. Arcus Capital Partners LLC increased its stake in shares of Boeing Company (The) by 0.8% in the first quarter. Arcus Capital Partners LLC now owns 1,628 shares of the aircraft producer’s stock worth $288,000 after buying an additional 13 shares during the period. Vicus Capital increased its stake in shares of Boeing Company (The) by 1.0% in the first quarter. Vicus Capital now owns 1,382 shares of the aircraft producer’s stock worth $244,000 after buying an additional 14 shares during the period. Finally, Trust Co. of Virginia VA increased its stake in shares of Boeing Company (The) by 0.5% in the first quarter. Trust Co. of Virginia VA now owns 3,239 shares of the aircraft producer’s stock worth $573,000 after buying an additional 15 shares during the period. 74.44% of the stock is owned by institutional investors and hedge funds.

Boeing Company (NYSE BA) opened at 235.77 on Friday. Boeing Company has a 12-month low of $126.31 and a 12-month high of $246.49. The stock has a 50 day moving average of $222.49 and a 200 day moving average of $191.63. The firm has a market capitalization of $139.36 billion, a price-to-earnings ratio of 20.66 and a beta of 1.16.

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

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

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Several analysts have recently commented on BA shares. Cowen and Company increased their price objective on Boeing Company (The) from $9.80 to $300.00 in a report on Wednesday, July 26th. TheStreet upgraded Boeing Company (The) from a “c+” rating to a “b” rating in a report on Wednesday, July 26th. ValuEngine upgraded Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Deutsche Bank AG raised their target price on Boeing Company (The) from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Vetr upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $206.38 target price for the company in a research note on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company. Boeing Company (The) presently has a consensus rating of “Hold” and an average price target of $230.62.

In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Robert E. Verbeck sold 2,522 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $244.45, for a total transaction of $616,502.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is owned by insiders.

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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