Boeing Company (The) (BA) Position Increased by Westpac Banking Corp

Westpac Banking Corp raised its stake in shares of Boeing Company (The) (NYSE:BA) by 83.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,529 shares of the aircraft producer’s stock after buying an additional 92,639 shares during the period. Westpac Banking Corp’s holdings in Boeing Company (The) were worth $32,402,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. LSV Asset Management raised its stake in shares of 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 worth $527,936,000 after buying an additional 138,170 shares during the last quarter. 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 worth $524,974,000 after buying an additional 694,658 shares during the last quarter. Swiss National Bank raised its stake in shares of 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 worth $367,407,000 after buying an additional 418,500 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Boeing Company (The) by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,805,230 shares of the aircraft producer’s stock worth $319,273,000 after buying an additional 29,636 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Boeing Company (The) by 7.2% in the first quarter. UBS Asset Management Americas Inc. now owns 1,686,459 shares of the aircraft producer’s stock worth $298,267,000 after buying an additional 112,722 shares during the last quarter. 74.44% of the stock is currently owned by institutional investors and hedge funds.

Boeing Company (NYSE:BA) opened at 235.77 on Friday. The company’s 50 day moving average price is $222.49 and its 200 day moving average price is $191.63. Boeing Company has a 12 month low of $126.31 and a 12 month high of $246.49. The stock has a market cap of $139.36 billion, a PE ratio of 20.66 and a beta of 1.16.

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

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

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A number of analysts have recently commented on the company. Vetr lowered Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price target on the stock. in a research note on Wednesday, July 26th. Zacks Investment Research lowered Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Credit Suisse Group raised Boeing Company (The) from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $200.00 to $300.00 in a research note on Thursday, July 27th. UBS AG lifted their price target on Boeing Company (The) from $180.00 to $253.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. Finally, ValuEngine raised Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. Boeing Company (The) currently has a consensus rating of “Hold” and an average target price of $230.62.

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 stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the sale, the chairman now directly owns 127,778 shares of the company’s stock, valued at $31,108,831.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Gregory D. Smith sold 19,757 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $245.42, for a total value of $4,848,762.94. Following the sale, the chief financial officer now directly owns 152,195 shares in the company, valued at $37,351,696.90. The disclosure for this sale can be found here. Insiders have sold 83,468 shares of company stock worth $20,353,814 over the last quarter. 0.28% of the stock is 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)

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