Boeing Co. (BA) Stock Price Down 0.9%
Boeing Co. (NYSE:BA) shares were down 0.9% during trading on Tuesday . The stock 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 topic of several recent analyst reports. Canaccord Genuity upped their target price on Boeing from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, March 28th. Deutsche Bank AG reaffirmed a “buy” rating and set a $160.00 target price on shares of Boeing in a research report on Monday, March 21st. Jefferies Group reaffirmed a “buy” rating and set a $165.00 target price on shares of Boeing in a research report on Sunday, March 20th. Cowen and Company reaffirmed a “buy” rating on shares of Boeing in a research report on Saturday, March 19th. Finally, Sterne Agee CRT reaffirmed a “buy” rating and set a $196.00 target price on shares of Boeing in a research report on Saturday, April 9th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $149.03.
The company’s 50 day moving average is $129.29 and its 200-day moving average is $127.94. The company has a market capitalization of $83.33 billion and a PE ratio of 17.68.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 27th. The aircraft producer reported $1.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.83 by $0.09. The company earned $22.60 billion during the quarter, compared to analysts’ expectations of $21.90 billion. During the same quarter in the previous year, the business earned $1.97 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts forecast that Boeing Co. will post $8.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 12th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Wednesday, August 10th.
In other Boeing news, SVP Timothy John Keating sold 20,000 shares of Boeing stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $131.61, for a total value of $2,632,200.00. Following the sale, the senior vice president now owns 70,096 shares of the company’s stock, valued at approximately $9,225,334.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Randall L. Stephenson acquired 1,850 shares of the stock in a transaction on Tuesday, May 3rd. The stock was acquired at an average cost of $132.15 per share, for a total transaction of $244,477.50. Following the acquisition, the director now directly owns 1,850 shares in the company, valued at approximately $244,477.50. The disclosure for this purchase can be found here.
A number of large investors have made changes to their positions in BA. Farmers & Merchants Investments Inc. raised its stake in shares of Boeing by 2.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 7,201 shares of the aircraft producer’s stock worth $1,041,000 after buying an additional 196 shares in the last quarter. Pictet & Cie Europe SA raised its stake in shares of 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 during the period. Roof Eidam & Maycock ADV raised its stake in shares of 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 during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of 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 during the period. Finally, Mark Sheptoff Financial Planning LLC raised its stake in shares of 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 during the period.
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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