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

A number of other research firms have also weighed in on BA. Royal Bank Of Canada restated a sell rating and issued a $146.00 target price on shares of Boeing Company (The) in a report on Friday, July 7th. Morgan Stanley reiterated an equal weight rating and issued a $218.00 price objective (up previously from $192.00) on shares of Boeing Company (The) in a research note on Thursday, June 22nd. Vetr lowered shares of Boeing Company (The) from a buy rating to a hold rating and set a $205.82 price objective for the company. in a research note on Tuesday, July 4th. Cowen and Company increased their price objective on shares of Boeing Company (The) from $215.00 to $235.00 and gave the company an outperform rating in a research note on Wednesday, June 21st. Finally, ValuEngine upgraded shares of Boeing Company (The) from a hold rating to a buy rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. Boeing Company (The) presently has a consensus rating of Hold and a consensus target price of $226.71.

Boeing Company (NYSE:BA) traded up 0.13% on Friday, reaching $238.25. The company had a trading volume of 5,112,655 shares. Boeing Company has a one year low of $126.31 and a one year high of $246.49. The stock has a market cap of $140.83 billion, a price-to-earnings ratio of 21.05 and a beta of 1.16. The company has a 50-day moving average of $207.88 and a 200 day moving average of $185.18.

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

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

In related news, SVP Robert E. Verbeck sold 2,522 shares of Boeing Company (The) stock in a transaction on Monday, July 31st. The shares were sold at an average price of $244.45, for a total value of $616,502.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) stock in a transaction on Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the completion of the transaction, the chairman now owns 127,778 shares in the company, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,834 shares of company stock worth $26,318,068. Corporate insiders own 0.28% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Boeing Company (The) during the fourth quarter worth about $109,000. Proficio Capital Partners LLC raised its stake in shares of Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after buying an additional 402 shares during the period. MCF Advisors LLC raised its stake in shares of Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after buying an additional 62 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after buying an additional 107 shares during the period. Finally, Gemmer Asset Management LLC raised its stake in shares of Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock worth $159,000 after buying an additional 302 shares during the period. Institutional investors 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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