Boeing Co (NYSE:BA) SVP Gregory L. Hyslop sold 5,047 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $182.83, for a total transaction of $922,743.01. Following the transaction, the senior vice president now owns 8,829 shares of the company’s stock, valued at approximately $1,614,206.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Boeing Co (NYSE:BA) traded up 1.46% during midday trading on Friday, hitting $179.99. The stock had a trading volume of 1,924,955 shares. The stock’s 50 day moving average price is $180.67 and its 200 day moving average price is $166.72. The firm has a market cap of $108.64 billion, a price-to-earnings ratio of 22.18 and a beta of 1.08. Boeing Co has a 12 month low of $122.35 and a 12 month high of $187.21.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.10. The company had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.27 billion. Boeing had a return on equity of 239.48% and a net margin of 5.18%. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the company earned $1.74 EPS. On average, equities analysts forecast that Boeing Co will post $9.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 12th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.20%. The ex-dividend date is Wednesday, May 10th. Boeing’s dividend payout ratio (DPR) is presently 74.25%.
A number of brokerages have recently commented on BA. Jefferies Group LLC boosted their price objective on shares of Boeing from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, January 26th. Argus reaffirmed a “buy” rating and set a $185.00 price target on shares of Boeing in a research report on Tuesday, January 24th. Deutsche Bank AG upped their price target on shares of Boeing from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Berenberg Bank started coverage on shares of Boeing in a research report on Wednesday, March 29th. They set a “buy” rating and a $202.00 price target on the stock. Finally, Gabelli reissued a “buy” rating on shares of Boeing in a research report on Friday, April 7th. Six analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $167.08.
A number of hedge funds have recently modified their holdings of BA. Capital World Investors boosted its position in shares of Boeing by 5.7% in the third quarter. Capital World Investors now owns 50,414,174 shares of the aircraft producer’s stock worth $6,641,563,000 after buying an additional 2,737,375 shares during the period. Vanguard Group Inc. boosted its position in Boeing by 3.1% in the first quarter. Vanguard Group Inc. now owns 40,005,195 shares of the aircraft producer’s stock worth $7,075,319,000 after buying an additional 1,203,783 shares during the last quarter. BlackRock Inc. boosted its position in Boeing by 2,388.3% in the first quarter. BlackRock Inc. now owns 34,961,076 shares of the aircraft producer’s stock worth $6,183,215,000 after buying an additional 33,556,068 shares during the last quarter. State Street Corp boosted its position in Boeing by 0.3% in the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock worth $5,028,731,000 after buying an additional 87,850 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Boeing by 4.3% in the third quarter. Capital Research Global Investors now owns 20,586,605 shares of the aircraft producer’s stock worth $2,712,079,000 after buying an additional 857,985 shares during the period. 74.66% of the stock is currently owned by institutional investors.
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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