Boeing Company (The) (NYSE:BA) was the target of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 7,630,733 shares, a drop of 29.8% from the July 31st total of 10,871,168 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 4,650,177 shares, the days-to-cover ratio is currently 1.6 days.

Shares of Boeing Company (BA) opened at 240.33 on Tuesday. The company has a market capitalization of $142.05 billion, a PE ratio of 21.06 and a beta of 1.18. The stock’s 50 day moving average price is $231.90 and its 200 day moving average price is $196.93. Boeing Company has a 12-month low of $126.31 and a 12-month high of $246.49.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.36%. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.

BA has been the subject of several research reports. Canaccord Genuity reaffirmed a “hold” rating and set a $215.00 price target (up previously from $200.00) on shares of Boeing Company (The) in a report on Sunday, July 30th. Argus reissued a “buy” rating and set a $270.00 target price on shares of Boeing Company (The) in a report on Tuesday, August 1st. Buckingham Research raised Boeing Company (The) from an “underperform” rating to a “neutral” rating in a report on Friday, July 28th. Vetr raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 target price for the company in a report on Monday, August 7th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Boeing Company (The) in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $232.08.

In other Boeing Company (The) news, Chairman Dennis A. Muilenburg sold 56,838 shares of the firm’s 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 sale, the chairman now owns 127,778 shares of the company’s stock, valued at approximately $31,108,831.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert E. Verbeck sold 2,522 shares of the firm’s 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 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 in the last ninety days. Insiders own 0.28% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Boeing Company (The) by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after purchasing an additional 407,511 shares during the last quarter. State Street Corp grew its position in Boeing Company (The) by 0.3% during the 1st quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock worth $5,028,731,000 after acquiring an additional 87,850 shares during the last quarter. Janus Henderson Group PLC grew its position in Boeing Company (The) by 7,215.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after acquiring an additional 4,852,679 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Boeing Company (The) by 4.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,066,519 shares of the aircraft producer’s stock worth $606,405,000 after acquiring an additional 123,420 shares during the last quarter. Finally, LSV Asset Management grew its position in Boeing Company (The) by 0.7% during the 2nd quarter. LSV Asset Management now owns 3,006,858 shares of the aircraft producer’s stock worth $594,606,000 after acquiring an additional 21,804 shares during the last quarter. Hedge funds and other institutional investors own 72.30% of the company’s stock.

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About Boeing Company (The)

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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