Boeing Company (The) (BA) Sets New 12-Month High After Analyst Upgrade

Boeing Company (The) (NYSE:BA) reached a new 52-week high during mid-day trading on Friday after Deutsche Bank AG raised their price target on the stock to $300.00. Deutsche Bank AG currently has a buy rating on the stock. Boeing Company (The) traded as high as $247.88 and last traded at $248.11, with a volume of 3,753,792 shares trading hands. The stock had previously closed at $245.23.

BA has been the topic of a number of other reports. Zacks Investment Research raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a report on Tuesday, July 11th. Berenberg Bank set a $245.00 price target on Boeing Company (The) and gave the company a “buy” rating in a report on Friday, July 21st. Credit Suisse Group reissued a “sell” rating on shares of Boeing Company (The) in a report on Friday, July 28th. Vetr raised Boeing Company (The) from a “buy” rating to a “strong-buy” rating and set a $199.85 price target on the stock in a report on Thursday, May 18th. Finally, J P Morgan Chase & Co raised Boeing Company (The) from a “neutral” rating to an “overweight” rating and raised their price target for the company from $205.00 to $240.00 in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $233.03.

In other Boeing Company (The) news, CFO Gregory D. Smith sold 19,757 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the completion of the sale, the chief financial officer now directly owns 152,195 shares in the company, valued at approximately $37,351,696.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Thomas J. Downey sold 134 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The disclosure for this sale can be found here. Insiders have sold a total of 83,468 shares of company stock valued at $20,353,814 over the last 90 days. Corporate insiders own 0.28% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Riverpoint Wealth Management Holdings LLC boosted its position in Boeing Company (The) by 0.3% during the 2nd quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock worth $293,000 after acquiring an additional 4 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in Boeing Company (The) by 0.3% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock worth $421,000 after acquiring an additional 6 shares during the period. Accredited Investors Inc. boosted its position in Boeing Company (The) by 0.4% during the 2nd quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock worth $325,000 after acquiring an additional 6 shares during the period. GWM Advisors LLC boosted its position in Boeing Company (The) by 0.6% during the 1st quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after acquiring an additional 8 shares during the period. Finally, Silicon Valley Capital Partners boosted its position in Boeing Company (The) by 0.7% during the 2nd quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock worth $245,000 after acquiring an additional 9 shares during the period. Hedge funds and other institutional investors own 72.31% of the company’s stock.

The firm has a market capitalization of $147.18 billion, a PE ratio of 21.82 and a beta of 1.18. The company has a 50 day moving average price of $238.70 and a 200 day moving average price of $201.20.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The company had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. During the same period in the prior year, the company earned ($0.44) earnings per share. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities research analysts predict that Boeing Company will post $9.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were issued a $1.42 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.28%. Boeing Company (The)’s dividend payout ratio (DPR) is currently 49.74%.

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Boeing Company (The) 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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