Van Cleef Asset Management Inc decreased its stake in Boeing Company (The) (NYSE:BA) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,936 shares of the aircraft producer’s stock after selling 65 shares during the period. Van Cleef Asset Management Inc’s holdings in Boeing Company (The) were worth $1,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BA. Waldron LP grew its holdings in Boeing Company (The) by 23.8% during the first quarter. Waldron LP now owns 2,051 shares of the aircraft producer’s stock worth $362,000 after purchasing an additional 394 shares during the period. Pillar Pacific Capital Management LLC grew its holdings in Boeing Company (The) by 0.9% during the first quarter. Pillar Pacific Capital Management LLC now owns 56,614 shares of the aircraft producer’s stock worth $10,013,000 after purchasing an additional 515 shares during the period. Alpha Cubed Investments LLC grew its holdings in Boeing Company (The) by 34.0% during the first quarter. Alpha Cubed Investments LLC now owns 3,214 shares of the aircraft producer’s stock worth $568,000 after purchasing an additional 815 shares during the period. Signature Estate & Investment Advisors LLC bought a new position in Boeing Company (The) during the first quarter worth about $329,000. Finally, Cypress Capital Management LLC grew its holdings in Boeing Company (The) by 2.0% during the first quarter. Cypress Capital Management LLC now owns 76,114 shares of the aircraft producer’s stock worth $13,462,000 after purchasing an additional 1,499 shares during the period. Institutional investors own 72.23% of the company’s stock.

Boeing Company (NYSE:BA) opened at 257.98 on Wednesday. The company has a market capitalization of $152.49 billion, a PE ratio of 22.60 and a beta of 1.21. The company has a 50-day moving average of $256.44 and a 200-day moving average of $219.62. Boeing Company has a 52 week low of $138.80 and a 52 week high of $267.21.

Boeing Company (The) (NYSE:BA) last posted its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The business had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. During the same period in the prior year, the company posted $3.51 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that Boeing Company will post $10.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, November 9th. Boeing Company (The)’s dividend payout ratio (DPR) is currently 52.21%.

In other news, SVP Thomas J. Downey sold 134 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.

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A number of research firms recently commented on BA. Cowen and Company reiterated a “buy” rating and set a $315.00 price target on shares of Boeing Company (The) in a report on Thursday, October 26th. Royal Bank Of Canada lifted their price target on Boeing Company (The) from $269.00 to $273.00 and gave the stock a “sector perform” rating in a report on Thursday, October 26th. Argus restated a “buy” rating and set a $290.00 price objective (up from $270.00) on shares of Boeing Company (The) in a research report on Friday, October 27th. Vetr upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price objective for the company in a research report on Monday, August 7th. Finally, Morgan Stanley raised their price objective on shares of Boeing Company (The) from $260.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. Boeing Company (The) has a consensus rating of “Buy” and an average price target of $256.21.

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.

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

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