Boeing Company (The) (BA) Shares Bought by McNamara Financial Services Inc.

McNamara Financial Services Inc. raised its position in shares of Boeing Company (The) (NYSE:BA) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,200 shares of the aircraft producer’s stock after buying an additional 16 shares during the quarter. Boeing Company (The) comprises 0.2% of McNamara Financial Services Inc.’s portfolio, making the stock its 19th biggest holding. McNamara Financial Services Inc.’s holdings in Boeing Company (The) were worth $435,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. AQR Capital Management LLC grew its holdings in Boeing Company (The) by 66.5% during the 1st quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after buying an additional 1,049,546 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Boeing Company (The) by 25.2% in the 1st quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock worth $367,407,000 after purchasing an additional 418,500 shares during the period. Bank of Nova Scotia boosted its holdings in shares of Boeing Company (The) by 181.0% in the 1st quarter. Bank of Nova Scotia now owns 609,760 shares of the aircraft producer’s stock worth $107,843,000 after purchasing an additional 392,786 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Boeing Company (The) by 11.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock worth $520,517,000 after purchasing an additional 308,976 shares during the period. Finally, Karp Capital Management Corp purchased a new position in shares of Boeing Company (The) in the 1st quarter worth approximately $43,336,000. Institutional investors and hedge funds own 72.17% of the company’s stock.

A number of brokerages have recently commented on BA. Zacks Investment Research cut Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday. Jefferies Group LLC reiterated a “buy” rating and issued a $275.00 target price on shares of Boeing Company (The) in a report on Saturday. Canaccord Genuity reiterated a “hold” rating and issued a $235.00 target price (up previously from $215.00) on shares of Boeing Company (The) in a report on Sunday. Argus reiterated a “buy” rating and issued a $270.00 target price on shares of Boeing Company (The) in a report on Tuesday, August 1st. Finally, Vetr cut Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $269.69 target price for the company. in a report on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $233.86.

Boeing Company (NYSE:BA) traded up 0.29% during mid-day trading on Tuesday, reaching $253.81. The company’s stock had a trading volume of 1,859,494 shares. The stock’s 50 day moving average is $239.04 and its 200 day moving average is $201.98. Boeing Company has a one year low of $127.57 and a one year high of $255.17. The firm has a market cap of $150.02 billion, a PE ratio of 22.24 and a beta of 1.18. Boeing Company (The) also was the recipient of unusually large options trading on Monday. Stock traders purchased 13,276 put options on the company. This is an increase of approximately 120% compared to the typical daily volume of 6,030 put options.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. During the same quarter last year, the company posted ($0.44) earnings per share. The business’s revenue was down 8.1% on a year-over-year basis. On average, analysts anticipate that Boeing Company will post $9.99 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio is currently 49.74%.

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In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $241.20, for a total value 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 Boeing Company (The) stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $244.45, for a total value of $616,502.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,468 shares of company stock worth $20,353,814. 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.

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

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