Boeing Co. (NYSE:BA) shares dropped 0.9% on Tuesday . The company traded as low as $130.33 and last traded at $130.82, with a volume of 2,421,280 shares traded. The stock had previously closed at $132.04.

BA has been the subject of a number of research reports. Canaccord Genuity boosted their target price on shares of Boeing from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 28th. Deutsche Bank AG reissued a “buy” rating and set a $160.00 target price on shares of Boeing in a research note on Monday, March 21st. Jefferies Group reissued a “buy” rating and set a $165.00 target price on shares of Boeing in a research note on Sunday, March 20th. Cowen and Company reissued a “buy” rating on shares of Boeing in a research note on Saturday, March 19th. Finally, Sterne Agee CRT reaffirmed a “buy” rating and set a $196.00 price objective on shares of Boeing in a research note on Saturday, April 9th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $149.03.

The company has a market capitalization of $83.83 billion and a PE ratio of 17.784. The company’s 50 day moving average is $129.37 and its 200 day moving average is $127.95.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 27th. The aircraft producer reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.83 by $0.09. The business had revenue of $22.60 billion for the quarter, compared to analysts’ expectations of $21.90 billion. During the same period last year, the firm posted $1.97 EPS. Boeing’s revenue was up 2.2% compared to the same quarter last year. On average, equities analysts forecast that Boeing Co. will post $8.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 12th will be given a dividend of $1.09 per share. The ex-dividend date is Wednesday, August 10th. This represents a $4.36 annualized dividend and a dividend yield of 3.35%.

In other news, SVP Thomas J. Downey sold 6,047 shares of the company’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $134.00, for a total transaction of $810,298.00. Following the completion of the transaction, the senior vice president now owns 39,167 shares in the company, valued at $5,248,378. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Randall L. Stephenson purchased 1,850 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were purchased at an average price of $132.15 per share, with a total value of $244,477.50. Following the transaction, the director now directly owns 1,850 shares of the company’s stock, valued at approximately $244,477.50. The disclosure for this purchase can be found here.

Several institutional investors have recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. raised its position in Boeing by 2.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 7,201 shares of the aircraft producer’s stock valued at $1,041,000 after buying an additional 196 shares in the last quarter. Pictet & Cie Europe SA raised its position in Boeing by 2.8% in the fourth quarter. Pictet & Cie Europe SA now owns 7,360 shares of the aircraft producer’s stock valued at $1,064,000 after buying an additional 200 shares in the last quarter. Roof Eidam & Maycock ADV raised its position in Boeing by 1.3% in the fourth quarter. Roof Eidam & Maycock ADV now owns 7,543 shares of the aircraft producer’s stock valued at $1,091,000 after buying an additional 100 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in Boeing by 5.1% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 7,645 shares of the aircraft producer’s stock valued at $1,105,000 after buying an additional 368 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC raised its position in Boeing by 22.5% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 7,765 shares of the aircraft producer’s stock valued at $1,123,000 after buying an additional 1,424 shares in the last quarter.

The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.

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