Canaccord Genuity reaffirmed their hold rating on shares of Boeing Company (The) (NYSE:BA) in a research report report published on Sunday morning. The firm currently has a $235.00 price objective on the aircraft producer’s stock, up from their prior price objective of $215.00.

BA has been the subject of a number of other reports. Vetr cut Boeing Company (The) from a hold rating to a sell rating and set a $223.75 price objective for the company. in a research note on Wednesday, July 26th. Zacks Investment Research cut Boeing Company (The) from a buy rating to a hold rating in a research note on Thursday, July 13th. ValuEngine raised Boeing Company (The) from a hold rating to a buy rating in a research note on Friday, September 1st. Credit Suisse Group raised Boeing Company (The) from a neutral rating to an outperform rating and lifted their price objective for the company from $200.00 to $300.00 in a research note on Thursday, July 27th. Finally, UBS AG lifted their price objective on Boeing Company (The) from $180.00 to $253.00 and gave the company a neutral rating in a research note on Friday, August 4th. Two equities 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 company. The stock has an average rating of Buy and an average target price of $233.86.

Shares of Boeing Company (NYSE:BA) opened at 249.00 on Friday. Boeing Company has a one year low of $126.34 and a one year high of $249.95. The stock has a market capitalization of $147.18 billion, a PE ratio of 21.82 and a beta of 1.18. The firm has a 50 day moving average price of $238.70 and a 200 day moving average price of $201.20.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, beating 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 business had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. During the same period in the previous year, the firm posted ($0.44) earnings per share. The company’s revenue was down 8.1% on a year-over-year basis. 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. Investors of record on Friday, August 11th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.

In related news, SVP Robert E. Verbeck sold 2,522 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was 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 available at the SEC website. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $243.46, for a total value 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. Insiders sold a total of 83,468 shares of company stock worth $20,353,814 in the last 90 days. 0.28% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Sonata Capital Group Inc. increased its position in Boeing Company (The) by 0.3% in the 1st quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock valued at $884,000 after acquiring an additional 16 shares during the period. Investment Partners Ltd. OH ADV increased its position in Boeing Company (The) by 1.1% during the 1st quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock worth $1,274,000 after purchasing an additional 79 shares during the period. Checchi Capital Advisers LLC increased its position in Boeing Company (The) by 7.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock worth $1,199,000 after purchasing an additional 499 shares during the period. UMB Bank N A MO increased its position in Boeing Company (The) by 5.9% during the 1st quarter. UMB Bank N A MO now owns 167,067 shares of the aircraft producer’s stock worth $29,548,000 after purchasing an additional 9,343 shares during the period. Finally, Hudock Capital Group LLC increased its position in Boeing Company (The) by 438.2% during the 1st quarter. Hudock Capital Group LLC now owns 8,289 shares of the aircraft producer’s stock worth $1,466,000 after purchasing an additional 6,749 shares during the period. Hedge funds and other institutional investors own 72.17% 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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