Pensions

British Airways Pensions Investment Management Ltd Acquires 183,286 Shares of Boeing Company (The) (BA)

British Airways Pensions Investment Management Ltd increased its stake in shares of Boeing Company (The) (NYSE:BA) by 184.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 282,482 shares of the aircraft producer’s stock after buying an additional 183,286 shares during the period. Boeing Company (The) makes up about 1.5% of British Airways Pensions Investment Management Ltd’s holdings, making the stock its 16th largest position. British Airways Pensions Investment Management Ltd’s holdings in Boeing Company (The) were worth $49,934,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Howe & Rusling Inc. raised its stake in Boeing Company (The) by 0.3% in the first quarter. Howe & Rusling Inc. now owns 2,898 shares of the aircraft producer’s stock valued at $512,000 after buying an additional 9 shares during the last quarter. Vicus Capital raised 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 in the last quarter. Stillwater Investment Management LLC raised its stake in shares of Boeing Company (The) by 0.8% in the first quarter. Stillwater Investment Management LLC now owns 1,995 shares of the aircraft producer’s stock worth $353,000 after buying an additional 16 shares in the last quarter. Sonata Capital Group Inc. raised its stake in shares of Boeing Company (The) by 0.3% in the first quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock worth $884,000 after buying an additional 16 shares in the last quarter. Finally, McNamara Financial Services Inc. raised its stake in shares of Boeing Company (The) by 0.8% in the first quarter. McNamara Financial Services Inc. now owns 2,184 shares of the aircraft producer’s stock worth $386,000 after buying an additional 17 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Boeing Company (BA) traded up 0.11% during midday trading on Friday, hitting $241.27. The stock had a trading volume of 4,520,246 shares. Boeing Company has a 52-week low of $126.31 and a 52-week high of $242.68. The firm’s 50 day moving average price is $203.50 and its 200 day moving average price is $183.03. The firm has a market cap of $145.63 billion, a price-to-earnings ratio of 29.73 and a beta of 1.12. Boeing Company (The) also was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 33,951 put options on the stock. This is an increase of approximately 454% compared to the typical daily volume of 6,133 put options.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 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 2,253.96%. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.44) EPS. On average, equities research analysts expect that Boeing Company will post $9.80 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Wednesday, August 9th. Boeing Company (The)’s payout ratio is 49.74%.

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A number of research analysts have issued reports on BA shares. Buckingham Research upgraded shares of Boeing Company (The) from an “underperform” rating to a “neutral” rating in a research report on Friday. Wells Fargo & Company restated a “market perform” rating on shares of Boeing Company (The) in a report on Monday, July 10th. Vetr raised shares of Boeing Company (The) from a “buy” rating to a “strong-buy” rating and set a $199.85 price target for the company in a research note on Thursday, May 18th. Cowen and Company reaffirmed an “outperform” rating and set a $215.00 price target on shares of Boeing Company (The) in a research note on Thursday, May 11th. Finally, Bank of America Corporation raised shares of Boeing Company (The) from an “underperform” rating to a “neutral” rating and raised their target price for the company from $150.00 to $225.00 in a research note on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $214.78.

In other Boeing Company (The) news, SVP Timothy John Keating sold 32,500 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $184.51, for a total value of $5,996,575.00. Following the completion of the transaction, the senior vice president now owns 107,437 shares in the company, valued at $19,823,200.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bertrand Marc Allen sold 15,470 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $183.62, for a total transaction of $2,840,601.40. Following the completion of the transaction, the senior vice president now owns 43,801 shares of the company’s stock, valued at approximately $8,042,739.62. The disclosure for this sale can be found here. In the last three months, insiders sold 63,403 shares of company stock worth $11,666,138. 0.28% of the stock is owned by corporate 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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