Goldman Sachs Group, Inc. (The) upgraded shares of Boeing Company (The) (NYSE:BA) from a sell rating to a neutral rating in a report published on Thursday morning, Marketbeat reports. Goldman Sachs Group, Inc. (The) currently has $205.00 target price on the aircraft producer’s stock, up from their prior target price of $130.00.
Several other research analysts have also issued reports on BA. Royal Bank Of Canada raised Boeing Company (The) from an underperform rating to a sector perform rating and upped their target price for the company from $146.00 to $235.00 in a research report on Thursday. Zacks Investment Research raised Boeing Company (The) from a hold rating to a buy rating and set a $236.00 target price on the stock in a research report on Friday, July 21st. Cowen and Company reaffirmed a buy rating and set a $255.00 target price on shares of Boeing Company (The) in a research report on Monday, July 17th. Vetr lowered Boeing Company (The) from a hold rating to a sell rating and set a $223.75 target price on the stock. in a research report on Wednesday. Finally, J P Morgan Chase & Co raised Boeing Company (The) from a neutral rating to an overweight rating and upped their target price for the company from $205.00 to $240.00 in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $214.78.
Shares of Boeing Company (NYSE:BA) traded up 0.11% during trading on Thursday, hitting $241.27. The stock had a trading volume of 4,602,406 shares. The stock has a 50-day moving average price of $204.97 and a 200 day moving average price of $183.62. The company has a market cap of $145.63 billion, a P/E ratio of 29.73 and a beta of 1.12. Boeing Company has a 12 month low of $126.31 and a 12 month high of $242.68. Boeing Company (The) also was the recipient of unusually large options trading on Wednesday. Stock investors acquired 33,951 put options on the company. This represents an increase of 454% compared to the typical volume of 6,133 put options.
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, topping analysts’ consensus estimates of $2.32 by $0.23. The firm had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a return on equity of 2,253.96% and a net margin of 7.84%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.44) EPS. Equities analysts expect that Boeing Company will post $9.80 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a dividend of $1.42 per share. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.35%. Boeing Company (The)’s dividend payout ratio is currently 49.74%.
In other Boeing Company (The) news, EVP J Michael Luttig sold 7,986 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $183.78, for a total transaction of $1,467,667.08. Following the transaction, the executive vice president now owns 39,251 shares in the company, valued at $7,213,548.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Timothy John Keating sold 32,500 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $184.51, for a total value of $5,996,575.00. Following the transaction, the senior vice president now owns 107,437 shares in the company, valued at approximately $19,823,200.87. The disclosure for this sale can be found here. Insiders have sold 63,403 shares of company stock worth $11,666,138 in the last quarter. 0.28% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Boeing Company (The) during the fourth quarter worth about $109,000. Proficio Capital Partners LLC increased its position in Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after buying an additional 402 shares during the period. MCF Advisors LLC increased its position in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares during the period. SRS Capital Advisors Inc. increased its position in Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after buying an additional 107 shares during the period. Finally, Gemmer Asset Management LLC increased its position in Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock valued at $159,000 after buying an additional 302 shares during the period. Institutional investors own 73.04% of the company’s stock.
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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