HighVista Strategies LLC Takes Position in Boeing Company (The) (NYSE:BA)

HighVista Strategies LLC acquired a new stake in Boeing Company (The) (NYSE:BA) during the first quarter, according to its most recent disclosure with the SEC. The firm acquired 5,800 shares of the aircraft producer’s stock, valued at approximately $1,026,000.

A number of other institutional investors have also recently modified their holdings of BA. CHURCHILL MANAGEMENT Corp boosted its position in shares of Boeing Company (The) by 100.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 38,289 shares of the aircraft producer’s stock valued at $6,772,000 after buying an additional 19,213 shares in the last quarter. American National Bank boosted its position in shares of Boeing Company (The) by 30.6% in the first quarter. American National Bank now owns 28,410 shares of the aircraft producer’s stock valued at $5,025,000 after buying an additional 6,661 shares in the last quarter. Sonata Capital Group Inc. boosted its position 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 valued at $884,000 after buying an additional 16 shares in the last quarter. First Command Financial Services Inc. boosted its position in shares of Boeing Company (The) by 2.3% in the first quarter. First Command Financial Services Inc. now owns 5,028 shares of the aircraft producer’s stock valued at $889,000 after buying an additional 111 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in shares of Boeing Company (The) by 7.9% in the first quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock valued at $1,199,000 after buying an additional 499 shares in the last quarter. 74.47% of the stock is owned by hedge funds and other institutional investors.

Boeing Company (BA) traded up 0.06% during midday trading on Thursday, reaching $234.45. The company’s stock had a trading volume of 1,085,133 shares. The stock’s 50-day moving average price is $215.17 and its 200-day moving average price is $188.23. Boeing Company has a 12 month low of $126.31 and a 12 month high of $246.49. The firm has a market capitalization of $138.58 billion, a price-to-earnings ratio of 20.54 and a beta of 1.16.

Boeing Company (The) (NYSE:BA) last announced 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. 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 during the quarter, compared to analyst estimates of $22.97 billion. During the same period last year, the company earned ($0.44) earnings per share. Boeing Company (The)’s quarterly revenue was down 8.1% compared to the same quarter last year. Analysts predict that Boeing Company will post $9.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a dividend of $1.42 per share. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.42%. Boeing Company (The)’s dividend payout ratio is 49.74%.

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BA has been the subject of several research reports. Zacks Investment Research raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a report on Tuesday, July 11th. Deutsche Bank AG lifted their price objective on Boeing Company (The) from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Berenberg Bank set a $245.00 price objective on Boeing Company (The) and gave the stock a “buy” rating in a report on Friday, July 21st. Cowen and Company reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Boeing Company (The) in a report on Thursday, May 11th. Finally, Credit Suisse Group reaffirmed a “sell” rating on shares of Boeing Company (The) in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. Boeing Company (The) has an average rating of “Hold” and an average target price of $228.31.

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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the stock in a transaction on Monday, July 31st. The stock was 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 of the company’s stock, valued at $31,108,831.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,468 shares of company stock valued at $20,353,814. 0.28% of the stock is owned by corporate insiders.

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.

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

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