Capstone Asset Management Co. Acquires 93 Shares of Boeing Company (The) (BA)

Capstone Asset Management Co. raised its holdings in shares of Boeing Company (The) (NYSE:BA) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,285 shares of the aircraft producer’s stock after purchasing an additional 93 shares during the quarter. Capstone Asset Management Co.’s holdings in Boeing Company (The) were worth $5,791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BA. V Wealth Management LLC lifted its holdings in Boeing Company (The) by 8.6% during the first quarter. V Wealth Management LLC now owns 2,130 shares of the aircraft producer’s stock valued at $379,000 after purchasing an additional 168 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in Boeing Company (The) by 55.4% during the first quarter. Candriam Luxembourg S.C.A. now owns 81,889 shares of the aircraft producer’s stock valued at $14,484,000 after purchasing an additional 29,198 shares during the last quarter. CAPROCK Group Inc. lifted its holdings in Boeing Company (The) by 33.2% during the first quarter. CAPROCK Group Inc. now owns 2,280 shares of the aircraft producer’s stock valued at $403,000 after purchasing an additional 568 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in Boeing Company (The) by 0.5% during the first quarter. Nationwide Fund Advisors now owns 334,522 shares of the aircraft producer’s stock valued at $59,164,000 after purchasing an additional 1,606 shares during the last quarter. Finally, Concorde Asset Management LLC lifted its holdings in Boeing Company (The) by 9.8% during the first quarter. Concorde Asset Management LLC now owns 3,112 shares of the aircraft producer’s stock valued at $551,000 after purchasing an additional 277 shares during the last quarter. 72.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of Boeing Company (NYSE:BA) traded up 0.29% on Tuesday, reaching $253.81. 1,860,216 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $239.04 and a 200 day moving average price of $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 target of unusually large options trading on Monday. Stock investors purchased 13,276 put options on the stock. This is an increase of 120% compared to the typical daily volume of 6,030 put options.

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

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

BA has been the topic of several recent research reports. Zacks Investment Research raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a report on Tuesday, July 11th. Berenberg Bank set a $245.00 price objective on shares of Boeing Company (The) and gave the company a “buy” rating in a report on Friday, July 21st. Deutsche Bank AG upped their price objective on shares of Boeing Company (The) to $300.00 and gave the company a “buy” rating in a report on Thursday, September 14th. Credit Suisse Group reaffirmed a “sell” rating on shares of Boeing Company (The) in a report on Friday, July 28th. Finally, J P Morgan Chase & Co raised shares of Boeing Company (The) from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $205.00 to $240.00 in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $233.86.

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In related news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the stock in a transaction 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 sale, the chairman now owns 127,778 shares in the company, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. Insiders have sold a total of 83,468 shares of company stock worth $20,353,814 over the last ninety days. Insiders own 0.28% of the company’s stock.

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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