Allen Investment Management LLC Has $577,000 Position in Boeing Company (The) (NYSE:BA)

Allen Investment Management LLC increased its stake in shares of Boeing Company (The) (NYSE:BA) by 27.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,260 shares of the aircraft producer’s stock after buying an additional 696 shares during the period. Allen Investment Management LLC’s holdings in Boeing Company (The) were worth $577,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in BA. Macquarie Group Ltd. boosted its position in Boeing Company (The) by 20.1% in the fourth quarter. Macquarie Group Ltd. now owns 110,050 shares of the aircraft producer’s stock worth $17,132,000 after buying an additional 18,380 shares during the last quarter. Bath Savings Trust Co acquired a new position in Boeing Company (The) during the first quarter worth approximately $207,000. First Financial Bank N.A. Trust Division boosted its position in Boeing Company (The) by 1.7% in the first quarter. First Financial Bank N.A. Trust Division now owns 10,747 shares of the aircraft producer’s stock worth $1,901,000 after buying an additional 175 shares during the last quarter. Private Asset Management Inc. acquired a new position in Boeing Company (The) during the first quarter worth approximately $452,000. Finally, Triangle Securities Wealth Management boosted its position in Boeing Company (The) by 1.2% in the first quarter. Triangle Securities Wealth Management now owns 4,670 shares of the aircraft producer’s stock worth $826,000 after buying an additional 55 shares during the last quarter. Institutional investors own 74.47% of the company’s stock.

Shares of Boeing Company (BA) traded up 0.09% during midday trading on Thursday, reaching $234.52. 1,089,247 shares of the company’s stock were exchanged. The stock has a market capitalization of $138.62 billion, a P/E ratio of 20.55 and a beta of 1.16. Boeing Company has a 12-month low of $126.31 and a 12-month high of $246.49. The firm has a 50-day moving average of $215.17 and a 200-day moving average of $188.23.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.44) earnings per share. Analysts anticipate that Boeing Company will post $9.95 EPS for the current fiscal 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 issued a $1.42 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 annualized dividend and a yield of 2.42%. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.

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A number of equities analysts recently commented on the company. Argus reiterated a “buy” rating and set a $270.00 price target on shares of Boeing Company (The) in a report on Tuesday, August 1st. Canaccord Genuity restated a “hold” rating and set a $215.00 price objective (up from $200.00) on shares of Boeing Company (The) in a research report on Sunday, July 30th. J P Morgan Chase & Co raised their price objective on shares of Boeing Company (The) from $20.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. Vetr upgraded shares of Boeing Company (The) from a “sell” rating to a “buy” rating and set a $253.33 price objective for the company in a research report on Monday, July 31st. Finally, TheStreet upgraded shares of Boeing Company (The) from a “c+” rating to a “b” rating in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $228.31.

In other news, Chairman Dennis A. Muilenburg sold 56,838 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The disclosure for this sale can be found here. Insiders sold 83,468 shares of company stock valued at $20,353,814 over the last ninety days. Corporate 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.

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

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