Vetr cut shares of Boeing Company (The) (NYSE:BA) from a strong-buy rating to a buy rating in a report released on Wednesday morning. The brokerage currently has $269.69 price target on the aircraft producer’s stock.

A number of other equities analysts have also recently issued reports on BA. Cowen and Company restated a buy rating and set a $300.00 target price on shares of Boeing Company (The) in a report on Tuesday. Sanford C. Bernstein restated an outperform rating and set a $274.00 target price on shares of Boeing Company (The) in a report on Friday, August 11th. Royal Bank Of Canada upgraded Boeing Company (The) from an underperform rating to a sector perform rating and raised their target price for the stock from $146.00 to $235.00 in a report on Thursday, July 27th. UBS AG raised their target price on Boeing Company (The) from $180.00 to $253.00 and gave the stock a neutral rating in a report on Friday, August 4th. Finally, Morgan Stanley set a $260.00 target price on Boeing Company (The) and gave the stock a hold rating in a report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $233.03.

Shares of Boeing Company (NYSE BA) opened at 249.00 on Wednesday. The firm’s 50-day moving average is $238.70 and its 200-day moving average is $201.20. The stock has a market capitalization of $147.18 billion, a price-to-earnings ratio of 21.82 and a beta of 1.18. Boeing Company has a 1-year low of $127.27 and a 1-year high of $249.95.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. During the same quarter last year, the business earned ($0.44) earnings per share. The company’s revenue was down 8.1% compared to the same quarter last year. On average, analysts predict that Boeing Company will post $9.99 earnings per share for the current fiscal year.

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

In other Boeing Company (The) news, SVP Robert E. Verbeck sold 2,522 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $244.45, for a total transaction of $616,502.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction that occurred on 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 worth $20,353,814 in the last ninety days. Insiders own 0.28% of the company’s stock.

Several large investors have recently bought and sold shares of the business. 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 worth $7,991,613,000 after purchasing an additional 407,511 shares during the last quarter. State Street Corp increased its position in shares of 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 purchasing an additional 87,850 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of 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 purchasing an additional 4,852,679 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of 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 purchasing an additional 123,420 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of 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 purchasing an additional 21,804 shares during the last quarter. 72.31% of the stock is currently owned by hedge funds and other institutional investors.

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

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