Assetmark decreased its position in Boeing Co (NYSE:BA) by 93.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,097 shares of the aircraft producer’s stock after selling 30,664 shares during the period. Assetmark’s holdings in Boeing were worth $275,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jennison Associates increased its position in shares of Boeing by 5.1% in the third quarter. Jennison Associates now owns 9,903,392 shares of the aircraft producer’s stock worth $1,296,849,000 after buying an additional 482,550 shares during the period. Palo Capital increased its position in shares of Boeing by 17.8% in the third quarter. Palo Capital now owns 2,355 shares of the aircraft producer’s stock worth $308,000 after buying an additional 355 shares during the period. Chelsea Counsel Company increased its position in shares of Boeing by 4.3% in the third quarter. Chelsea Counsel Company now owns 36,680 shares of the aircraft producer’s stock worth $4,803,000 after buying an additional 1,500 shares during the period. Stillwater Investment Management increased its position in shares of Boeing by 5.5% in the fourth quarter. Stillwater Investment Management now owns 1,916 shares of the aircraft producer’s stock worth $277,000 after buying an additional 100 shares during the period. Finally, First Financial Bank increased its position in shares of Boeing by 0.4% in the fourth quarter. First Financial Bank now owns 9,864 shares of the aircraft producer’s stock worth $1,426,000 after buying an additional 42 shares during the period.

Shares of Boeing Co (NYSE:BA) traded up 1.23% during mid-day trading on Thursday, reaching $118.01. The company had a trading volume of 10,708,445 shares. Boeing Co has a 1-year low of $115.02 and a 1-year high of $158.83. The firm has a 50-day moving average price of $136.52 and a 200-day moving average price of $139.81. The stock has a market capitalization of $79.06 billion and a price-to-earnings ratio of 14.85.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 27th. The aircraft producer reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.33. The business had revenue of $23.60 billion for the quarter, compared to the consensus estimate of $23.40 billion. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the business posted $2.31 EPS. Equities analysts expect that Boeing Co will post $9.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 4th. Shareholders of record on Friday, February 12th will be paid a $1.09 dividend. This is a positive change from Boeing’s previous quarterly dividend of $0.49. This represents a $4.36 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Wednesday, February 10th.

BA has been the topic of a number of research analyst reports. Vetr downgraded shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $149.87 price target on the stock. in a report on Wednesday, October 7th. Zacks Investment Research cut Boeing from a “buy” rating to a “hold” rating in a research note on Monday, October 12th. Canaccord Genuity restated a “buy” rating and issued a $165.00 price objective on shares of Boeing in a research note on Thursday, October 15th. Jefferies Group restated a “buy” rating on shares of Boeing in a research note on Thursday, October 15th. Finally, RBC Capital restated a “sector perform” rating and issued a $149.00 price objective (up from $145.00) on shares of Boeing in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $163.97.

In other Boeing news, SVP Anthony M. Parasida sold 11,690 shares of Boeing stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $147.68, for a total value of $1,726,379.20. Following the sale, the senior vice president now owns 45,513 shares of the company’s stock, valued at approximately $6,721,359.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

The Boeing Company, together with its subsidiaries, is an aerospace company. The Company operates through five segments: Commercial Airplanes, Boeing Military Aircraft (NYSE:BA), Network & Space Systems (N&SS), Global Services & Support (GS&S) and Boeing Capital (BCC). The Defense, Space & Security (BDS) business includes BMA, N&SS and GS&S. The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services. The BMA segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike. The N&SS segment is engaged in the research, development, production and modification of the products and related services. The GS&S segment provides a range of support solutions. The BCC segment’s portfolio consists of equipment under operating leases, finance leases, notes and other receivables, assets held for sale or re-lease and investments.

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