Investors Sell Shares of Boeing (BA) on Strength (BA)

Traders sold shares of Boeing Company (The) (NYSE:BA) on strength during trading on Monday. $350.50 million flowed into the stock on the tick-up and $425.83 million flowed out of the stock on the tick-down, for a money net flow of $75.33 million out of the stock. Of all stocks tracked, Boeing had the 8th highest net out-flow for the day. Boeing traded up $6.59 for the day and closed at $277.97

Several research firms have recently issued reports on BA. Zacks Investment Research downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Cowen reiterated a “buy” rating and set a $315.00 price objective on shares of Boeing in a research report on Thursday, October 26th. ValuEngine upgraded Boeing from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Nord/LB set a $250.00 price objective on Boeing and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Finally, Sanford C. Bernstein lifted their price objective on Boeing from $303.00 to $310.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $257.81.

The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. The stock has a market cap of $165,550.00, a price-to-earnings ratio of 27.83, a P/E/G ratio of 2.07 and a beta of 1.24.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.51 EPS. sell-side analysts anticipate that Boeing Company will post 10.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, November 9th. Boeing’s payout ratio is currently 52.25%.

Several large investors have recently modified their holdings of the company. Riverpoint Wealth Management Holdings LLC grew its holdings in shares of Boeing 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 purchasing an additional 4 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in Boeing 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 in the last quarter. Accredited Investors Inc. lifted its position in Boeing 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 in the last quarter. GWM Advisors LLC lifted its position in Boeing 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 in the last quarter. Finally, Silicon Valley Capital Partners lifted its position in Boeing 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 in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

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About Boeing

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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