Cowen and Company reiterated their outperform rating on shares of Boeing Company (The) (NYSE:BA) in a research note released on Thursday, May 11th. The brokerage currently has a $215.00 price target on the aircraft producer’s stock.
A number of other research analysts have also recently commented on BA. Jefferies Group LLC raised their target price on Boeing Company (The) from $185.00 to $200.00 and gave the company a buy rating in a research note on Thursday, January 26th. Goldman Sachs Group, Inc. (The) set a $124.00 target price on Boeing Company (The) and gave the company a sell rating in a research note on Thursday, January 26th. Canaccord Genuity reaffirmed a hold rating and set a $150.00 price objective on shares of Boeing Company (The) in a research report on Wednesday, January 18th. TheStreet lowered Boeing Company (The) from a b rating to a c+ rating in a research report on Friday, January 27th. Finally, Barclays PLC raised their price objective on Boeing Company (The) from $150.00 to $175.00 and gave the company an overweight rating in a research report on Tuesday, January 17th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $167.65.
Shares of Boeing Company (NYSE BA) opened at 196.44 on Thursday. Boeing Company has a 1-year low of $122.35 and a 1-year high of $197.95. The company’s 50-day moving average price is $186.13 and its 200-day moving average price is $172.90. The company has a market capitalization of $118.57 billion, a PE ratio of 24.20 and a beta of 1.14. Boeing Company (The) also was the target of unusually large options trading on Friday. Stock traders acquired 3,818 call options on the stock. This represents an increase of approximately 270% compared to the typical volume of 1,031 call options.
Boeing Company (The) (NYSE:BA) last released its quarterly earnings data on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.10. Boeing Company (The) had a return on equity of 495.68% and a net margin of 5.52%. The business had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.27 billion. During the same quarter last year, the business posted $1.74 EPS. The business’s revenue was down 7.3% on a year-over-year basis. On average, equities analysts expect that Boeing Company will post $9.39 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Friday, May 12th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Wednesday, May 10th. Boeing Company (The)’s payout ratio is currently 69.61%.
In related news, SVP Bertrand Marc Allen sold 15,470 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $183.62, for a total value of $2,840,601.40. Following the transaction, the senior vice president now directly owns 43,801 shares of the company’s stock, valued at approximately $8,042,739.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Timothy John Keating sold 32,500 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $184.51, for a total transaction of $5,996,575.00. Following the completion of the transaction, the senior vice president now directly owns 107,437 shares in the company, valued at $19,823,200.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,403 shares of company stock worth $11,666,138. Corporate insiders own 0.28% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BA. Proficio Capital Partners LLC raised its position in Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after buying an additional 402 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Boeing Company (The) during the fourth quarter worth $106,000. Thomas J. Herzfeld Advisors Inc. acquired a new position in Boeing Company (The) during the fourth quarter worth $109,000. MCF Advisors LLC raised its position in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after buying an additional 62 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after buying an additional 107 shares during the period. 73.14% of the stock is currently owned by institutional investors and hedge funds.
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.
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