Traders Sell Boeing (BA) on Strength (BA)

Investors sold shares of Boeing Co (NYSE:BA) on strength during trading hours on Wednesday. $359.37 million flowed into the stock on the tick-up and $430.49 million flowed out of the stock on the tick-down, for a money net flow of $71.12 million out of the stock. Of all equities tracked, Boeing had the 0th highest net out-flow for the day. Boeing traded up $1.90 for the day and closed at $291.84

Several analysts have weighed in on BA shares. Deutsche Bank boosted their target price on shares of Boeing to $300.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. Jefferies Group reissued a “buy” rating and set a $300.00 target price on shares of Boeing in a research report on Friday, October 6th. Nord/LB set a $250.00 target price on shares of Boeing and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Royal Bank of Canada boosted their target price on shares of Boeing from $269.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 26th. Finally, Vetr downgraded shares of Boeing from a “hold” rating to a “sell” rating and set a $263.71 target price on the stock. in a research report on Friday, December 1st. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Boeing has an average rating of “Buy” and an average target price of $266.73.

The firm has a market cap of $173,813.63, a price-to-earnings ratio of 29.93, a P/E/G ratio of 2.22 and a beta of 1.24. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.65 by $0.07. The business had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.51 EPS. equities analysts expect that Boeing Co will post 10.1 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be issued a $1.71 dividend. This is an increase from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s dividend payout ratio is 52.21%.

Boeing declared that its board has initiated a stock repurchase plan on Monday, December 11th that permits the company to repurchase $18.00 billion in shares. This repurchase authorization permits the aircraft producer to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Buckingham Asset Management LLC raised its position in Boeing by 0.5% during the first quarter. Buckingham Asset Management LLC now owns 13,965 shares of the aircraft producer’s stock worth $2,470,000 after acquiring an additional 65 shares during the period. Heritage Trust Co acquired a new position in Boeing during the first quarter worth $361,000. Outfitter Advisors LTD. raised its position in Boeing by 20.9% during the first quarter. Outfitter Advisors LTD. now owns 4,052 shares of the aircraft producer’s stock worth $717,000 after acquiring an additional 700 shares during the period. Pitcairn Co. raised its position in Boeing by 93.9% during the first quarter. Pitcairn Co. now owns 7,048 shares of the aircraft producer’s stock worth $1,246,000 after acquiring an additional 3,413 shares during the period. Finally, Ffcm LLC raised its position in Boeing by 6.9% during the first quarter. Ffcm LLC now owns 38,380 shares of the aircraft producer’s stock worth $6,788,000 after acquiring an additional 2,490 shares during the period. Hedge funds and other institutional investors own 70.97% of the company’s stock.

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Boeing 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.

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