Meyer Handelman Co. continued to hold its position in Boeing Company (The) (NYSE:BA) during the second quarter, Holdings Channel reports. The institutional investor owned 80,933 shares of the aircraft producer’s stock at the end of the second quarter. Meyer Handelman Co.’s holdings in Boeing Company (The) were worth $16,004,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in Boeing Company (The) by 0.3% in the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock valued at $5,028,731,000 after buying an additional 87,850 shares during the last quarter. LSV Asset Management boosted its position in Boeing Company (The) by 4.9% in the first quarter. LSV Asset Management now owns 2,985,054 shares of the aircraft producer’s stock valued at $527,936,000 after buying an additional 138,170 shares during the last quarter. Bank of Montreal Can boosted its position in Boeing Company (The) by 30.6% in the first quarter. Bank of Montreal Can now owns 2,968,297 shares of the aircraft producer’s stock valued at $524,974,000 after buying an additional 694,658 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Boeing Company (The) by 11.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock valued at $520,517,000 after buying an additional 308,976 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Boeing Company (The) by 66.5% in the first 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 during the last quarter. 74.47% of the stock is owned by institutional investors.

Shares of Boeing Company (NYSE:BA) traded up 0.86% during midday trading on Friday, reaching $234.88. The company had a trading volume of 3,461,663 shares. Boeing Company has a 52-week low of $126.31 and a 52-week high of $246.49. The firm has a market cap of $138.83 billion, a P/E ratio of 20.58 and a beta of 1.16. The company’s 50-day moving average is $217.15 and its 200-day moving average is $189.10.

Boeing Company (The) (NYSE:BA) last posted its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping 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 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 previous year, the company posted ($0.44) earnings per share. Equities research analysts expect that Boeing Company will post $9.95 EPS for the current fiscal year.

The firm 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 dividend of $1.42 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $5.68 annualized dividend and a yield of 2.42%. Boeing Company (The)’s dividend payout ratio is presently 49.74%.

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Several research analysts have recently issued reports on BA shares. Canaccord Genuity reissued a “hold” rating and issued a $215.00 price target (up previously from $200.00) on shares of Boeing Company (The) in a research note on Sunday, July 30th. Argus reissued a “buy” rating and issued a $270.00 price target on shares of Boeing Company (The) in a research note on Tuesday, August 1st. Buckingham Research raised Boeing Company (The) from an “underperform” rating to a “neutral” rating in a research note on Friday, July 28th. Vetr raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price target for the company in a research note on Monday, August 7th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Boeing Company (The) in a research note on Monday, July 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $228.31.

In other Boeing Company (The) news, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the transaction, the chairman now directly owns 127,778 shares in the company, valued at $31,108,831.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory D. Smith sold 19,757 shares of Boeing Company (The) stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $245.42, for a total value of $4,848,762.94. Following the transaction, the chief financial officer now owns 152,195 shares in the company, valued at $37,351,696.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,468 shares of company stock worth $20,353,814. 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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