Canaccord Genuity reaffirmed their hold rating on shares of Boeing Company (The) (NYSE:BA) in a report released on Sunday, July 9th. They currently have a $170.00 price objective on the aircraft producer’s stock.

A number of other equities analysts also recently issued reports on BA. Vetr downgraded shares of Boeing Company (The) from a buy rating to a hold rating and set a $202.94 price objective on the stock. in a research note on Thursday, June 15th. ValuEngine upgraded shares of Boeing Company (The) from a hold rating to a buy rating in a research note on Friday, June 2nd. Cowen and Company restated an outperform rating and issued a $215.00 target price on shares of Boeing Company (The) in a research note on Tuesday, June 13th. Royal Bank Of Canada reaffirmed a sell rating and issued a $146.00 price target on shares of Boeing Company (The) in a report on Friday, July 7th. Finally, Berenberg Bank started coverage on shares of Boeing Company (The) in a report on Wednesday, March 29th. They issued a buy rating and a $202.00 price target for the company. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Boeing Company (The) presently has a consensus rating of Hold and an average price target of $226.71.

Boeing Company (NYSE:BA) traded up 0.13% on Friday, reaching $238.25. The company had a trading volume of 5,112,697 shares. The company’s 50 day moving average is $207.88 and its 200-day moving average is $185.18. Boeing Company has a one year low of $126.31 and a one year high of $246.49. The firm has a market capitalization of $140.83 billion, a price-to-earnings ratio of 21.05 and a beta of 1.16.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period last year, the company posted ($0.44) earnings per share. On average, equities research analysts expect that Boeing Company will post $10.00 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s payout ratio is currently 49.74%.

In other Boeing Company (The) news, SVP Timothy John Keating sold 32,500 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $184.51, for a total transaction of $5,996,575.00. Following the completion of the transaction, the senior vice president now owns 107,437 shares in the company, valued at approximately $19,823,200.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory D. Smith sold 19,757 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 152,195 shares of the company’s stock, valued at approximately $37,351,696.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,834 shares of company stock worth $26,318,068. 0.28% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of BA. Elkfork Partners LLC bought a new position in shares of Boeing Company (The) during the fourth quarter valued at about $2,266,000. Richard C. Young & CO. LTD. boosted its position in shares of Boeing Company (The) by 6.9% in the fourth quarter. Richard C. Young & CO. LTD. now owns 37,486 shares of the aircraft producer’s stock valued at $5,836,000 after buying an additional 2,428 shares during the last quarter. Aviva PLC boosted its position in shares of Boeing Company (The) by 4.3% in the fourth quarter. Aviva PLC now owns 759,156 shares of the aircraft producer’s stock valued at $118,261,000 after buying an additional 31,525 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Boeing Company (The) by 1,283.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,034,999 shares of the aircraft producer’s stock valued at $161,129,000 after buying an additional 960,213 shares during the last quarter. Finally, Sii Investments Inc. WI boosted its position in shares of Boeing Company (The) by 6.7% in the fourth quarter. Sii Investments Inc. WI now owns 20,218 shares of the aircraft producer’s stock valued at $3,155,000 after buying an additional 1,278 shares during the last quarter. Institutional investors and hedge funds own 72.99% of the company’s stock.

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.

Analyst Recommendations for Boeing Company (The) (NYSE:BA)

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