Traders purchased shares of Boeing Co (NYSE:BA) on weakness during trading hours on Thursday. $894.38 million flowed into the stock on the tick-up and $717.88 million flowed out of the stock on the tick-down, for a money net flow of $176.50 million into the stock. Of all equities tracked, Boeing had the 4th highest net in-flow for the day. Boeing traded down ($16.75) for the day and closed at $329.66
BA has been the topic of several analyst reports. Buckingham Research set a $289.00 target price on Boeing and gave the company a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $330.00 price target on the stock in a research report on Tuesday, January 2nd. Canaccord Genuity reiterated a “hold” rating and set a $345.00 price target (up from $290.00) on shares of Boeing in a research report on Thursday, February 1st. Robert W. Baird set a $433.00 price target on Boeing and gave the company a “buy” rating in a research report on Tuesday, January 16th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. set a $325.00 price target on Boeing and gave the company a “buy” rating in a research report on Tuesday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $353.24.
The firm has a market cap of $200,130.00, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 1.81 and a beta of 1.44. The company has a quick ratio of 0.37, a current ratio of 1.16 and a debt-to-equity ratio of 23.74.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be paid a dividend of $1.71 per share. The ex-dividend date of this dividend is Thursday, February 8th. This is a positive change from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a dividend yield of 2.06%. Boeing’s dividend payout ratio (DPR) is currently 50.82%.
Boeing announced that its board has authorized a stock repurchase program on Monday, December 11th that authorizes the company to buyback $18.00 billion in shares. This buyback authorization authorizes the aircraft producer to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lipe & Dalton acquired a new stake in shares of Boeing in the third quarter worth $100,000. Burt Wealth Advisors acquired a new stake in shares of Boeing in the third quarter worth $100,000. Stonehearth Capital Management LLC acquired a new stake in shares of Boeing in the fourth quarter worth $105,000. Solaris Asset Management LLC acquired a new stake in shares of Boeing in the fourth quarter worth $111,000. Finally, Clear Perspective Advisors LLC boosted its position in shares of Boeing by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after buying an additional 135 shares during the period. 70.78% of the stock is owned by institutional investors and hedge funds.
Boeing Company Profile
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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