Venturi Wealth Management LLC reduced its position in Boeing Co (NYSE:BA) by 32.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,868 shares of the aircraft producer’s stock after selling 8,634 shares during the period. Venturi Wealth Management LLC’s holdings in Boeing were worth $5,859,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tandem Investment Advisors Inc. acquired a new position in Boeing during the 4th quarter worth approximately $266,000. Sit Investment Associates Inc. lifted its position in Boeing by 96,186.4% during the 4th quarter. Sit Investment Associates Inc. now owns 56,809 shares of the aircraft producer’s stock worth $16,754,000 after acquiring an additional 56,750 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its position in shares of Boeing by 2.6% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 14,373 shares of the aircraft producer’s stock valued at $4,239,000 after purchasing an additional 358 shares in the last quarter. Sawyer & Company Inc acquired a new position in shares of Boeing in the 4th quarter valued at approximately $787,000. Finally, CHURCHILL MANAGEMENT Corp raised its position in shares of Boeing by 22.2% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 66,431 shares of the aircraft producer’s stock valued at $19,591,000 after purchasing an additional 12,050 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Gregory L. Hyslop sold 2,241 shares of the stock in a transaction on Monday, May 7th. The stock was sold at an average price of $340.27, for a total value of $762,545.07. Following the completion of the transaction, the senior vice president now owns 21,425 shares of the company’s stock, valued at $7,290,284.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP J Michael Luttig sold 9,000 shares of the stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $344.13, for a total value of $3,097,170.00. Following the completion of the transaction, the executive vice president now directly owns 27,878 shares of the company’s stock, valued at approximately $9,593,656.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,373 shares of company stock valued at $4,233,094. 0.24% of the stock is owned by company insiders.

BA has been the topic of a number of recent analyst reports. Vetr raised Boeing from a “hold” rating to a “strong-buy” rating and set a $409.75 target price on the stock in a research report on Thursday, March 1st. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, March 14th. Morgan Stanley set a $373.00 target price on Boeing and gave the company a “hold” rating in a research report on Thursday, March 22nd. Barclays initiated coverage on Boeing in a research report on Thursday, March 29th. They issued an “overweight” rating and a $388.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $358.00 target price (down from $378.00) on shares of Boeing in a research report on Friday, April 6th. Seven equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $376.03.

Shares of Boeing opened at $329.82 on Thursday, according to Marketbeat.com. The firm has a market cap of $193.01 billion, a P/E ratio of 27.39, a P/E/G ratio of 1.64 and a beta of 1.38. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 8.07. Boeing Co has a 12 month low of $196.45 and a 12 month high of $374.48.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 25th. The aircraft producer reported $3.64 EPS for the quarter, topping the Zacks’ consensus estimate of $2.59 by $1.05. The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $22.22 billion. Boeing had a return on equity of 3,774.27% and a net margin of 9.63%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.01 EPS. equities analysts forecast that Boeing Co will post 14.67 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Friday, August 10th will be paid a dividend of $1.71 per share. The ex-dividend date is Thursday, August 9th. This represents a $6.84 dividend on an annualized basis and a yield of 2.07%. Boeing’s payout ratio is currently 56.81%.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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