BA has been the subject of a number of other research reports. Citigroup Inc. cut their target price on shares of Boeing from $168.00 to $160.00 and set a buy rating for the company in a research report on Monday. Goldman Sachs Group Inc. set a $107.00 price target on shares of Boeing and gave the company a sell rating in a report on Tuesday, August 30th. JPMorgan Chase & Co. restated a neutral rating and set a $145.00 price target on shares of Boeing in a report on Sunday, July 31st. Vetr upgraded shares of Boeing from a sell rating to a hold rating and set a $133.41 price target on the stock in a report on Thursday, June 23rd. Finally, Canaccord Genuity restated a hold rating and set a $144.00 price target on shares of Boeing in a report on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. Boeing currently has a consensus rating of Hold and a consensus price target of $147.23.
Shares of Boeing (NYSE:BA) opened at 131.87 on Thursday. The stock has a 50 day moving average of $131.65 and a 200-day moving average of $130.71. Boeing has a 52 week low of $102.10 and a 52 week high of $150.59. The firm has a market cap of $82.26 billion, a price-to-earnings ratio of 23.74 and a beta of 1.06.
Boeing (NYSE:BA) last released its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.48. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The company earned $24.80 million during the quarter, compared to the consensus estimate of $23.22 million. During the same quarter in the prior year, the firm earned $1.62 EPS. The company’s revenue was up .9% compared to the same quarter last year. Equities research analysts expect that Boeing will post $6.30 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Wednesday, August 10th. Boeing’s dividend payout ratio is presently 80.15%.
In other Boeing news, SVP Diana L. Sands sold 14,151 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $133.06, for a total value of $1,882,932.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Randall L. Stephenson bought 1,871 shares of the company’s stock in a transaction on Monday, August 1st. The stock was bought at an average cost of $133.89 per share, with a total value of $250,508.19. Following the completion of the purchase, the director now owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The disclosure for this purchase can be found here. 0.58% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Nelson Roberts Investment Advisors LLC increased its position in shares of Boeing by 23.7% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 940 shares of the aircraft producer’s stock worth $122,000 after buying an additional 180 shares in the last quarter. Van Hulzen Asset Management LLC increased its stake in Boeing by 11.1% in the second quarter. Van Hulzen Asset Management LLC now owns 1,000 shares of the aircraft producer’s stock worth $130,000 after buying an additional 100 shares during the period. Cascade Investment Advisors Inc. acquired a new stake in Boeing during the second quarter worth $136,000. SevenBridge Financial Group LLC acquired a new stake in Boeing during the second quarter worth $142,000. Finally, Kelly Lawrence W & Associates Inc. CA increased its stake in Boeing by 25.5% in the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 1,155 shares of the aircraft producer’s stock worth $150,000 after buying an additional 235 shares during the period. 75.46% of the stock is owned by institutional investors.
Boeing Company Profile
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
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