Boeing Co (NYSE:BA) SVP Timothy John Keating sold 32,500 shares of Boeing stock in a transaction on Friday, May 5th. The stock was sold at an average price of $184.51, for a total transaction of $5,996,575.00. Following the sale, the senior vice president now directly owns 107,437 shares of the company’s stock, valued at approximately $19,823,200.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Boeing Co (NYSE:BA) traded up 1.14% on Friday, reaching $179.43. 1,519,504 shares of the company’s stock were exchanged. Boeing Co has a one year low of $122.35 and a one year high of $187.21. The stock has a market cap of $108.30 billion, a price-to-earnings ratio of 22.11 and a beta of 1.08. The company’s 50 day moving average is $180.67 and its 200-day moving average is $166.72.
Boeing (NYSE:BA) last released its earnings results 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 had a return on equity of 239.48% and a net margin of 5.18%. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.27 billion. During the same period last year, the company earned $1.74 earnings per share. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. On average, analysts anticipate that Boeing Co will post $9.39 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 12th will be issued a $1.42 dividend. The ex-dividend date is Wednesday, May 10th. This represents a $5.68 annualized dividend and a dividend yield of 3.20%. Boeing’s payout ratio is currently 74.25%.
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Several hedge funds have recently added to or reduced their stakes in the stock. Kernodle & Katon Asset Management Group LLC acquired a new stake in shares of Boeing during the third quarter worth $102,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Boeing during the fourth quarter worth $106,000. Jackson Grant Investment Advisers Inc. raised its stake in shares of Boeing by 124.9% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 830 shares of the aircraft producer’s stock worth $109,000 after buying an additional 461 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Boeing during the fourth quarter worth $109,000. Finally, TLP Group LLC purchased a new stake in shares of Boeing during the third quarter worth approximately $126,000. Hedge funds and other institutional investors own 74.66% of the company’s stock.
Several equities research analysts recently commented on the stock. Cowen and Company reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of Boeing in a research report on Thursday, May 11th. Canaccord Genuity reissued a “hold” rating and set a $170.00 price target on shares of Boeing in a research report on Thursday, April 27th. Deutsche Bank AG boosted their price target on shares of Boeing from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Credit Suisse Group AG reissued a “hold” rating and set a $200.00 price target on shares of Boeing in a research report on Thursday, April 27th. Finally, Royal Bank of Canada boosted their price target on shares of Boeing from $138.00 to $146.00 and gave the stock an “underperform” rating in a research report on Thursday, April 27th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Boeing currently has a consensus rating of “Hold” and a consensus price target of $167.08.
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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