Traders Sell Boeing (BA) on Strength (BA)
Traders sold shares of Boeing Company (The) (NYSE:BA) on strength during trading hours on Thursday. $271.45 million flowed into the stock on the tick-up and $330.52 million flowed out of the stock on the tick-down, for a money net flow of $59.07 million out of the stock. Of all companies tracked, Boeing had the 0th highest net out-flow for the day. Boeing traded up $3.70 for the day and closed at $281.97
BA has been the subject of a number of research reports. Vetr downgraded Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 price target for the company. in a research report on Wednesday, August 16th. Canaccord Genuity upped their target price on Boeing from $245.00 to $250.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Jefferies Group upped their target price on Boeing from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, September 22nd. Zacks Investment Research raised Boeing from a “hold” rating to a “strong-buy” rating and set a $271.00 target price for the company in a research report on Tuesday, August 22nd. Finally, Wells Fargo & Company reaffirmed a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of Boeing in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. Boeing presently has an average rating of “Buy” and an average price target of $257.81.
The firm has a market cap of $167,935.27, a P/E ratio of 28.92, a PEG ratio of 2.15 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 announced its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. Boeing’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.51 earnings per share. analysts forecast that Boeing Company will post 10.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, November 9th. Boeing’s payout ratio is 52.21%.
Several institutional investors have recently made changes to their positions in BA. Riverpoint Wealth Management Holdings LLC grew its holdings in Boeing by 0.3% in the 2nd quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock worth $293,000 after buying an additional 4 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in Boeing by 0.3% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock valued at $421,000 after purchasing an additional 6 shares in the last quarter. Accredited Investors Inc. boosted its stake in Boeing by 0.4% during the 2nd quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock valued at $325,000 after purchasing an additional 6 shares in the last quarter. GWM Advisors LLC boosted its stake in Boeing by 0.6% during the 1st quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock valued at $233,000 after purchasing an additional 8 shares in the last quarter. Finally, Silicon Valley Capital Partners boosted its stake in Boeing by 0.7% during the 2nd quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock valued at $245,000 after purchasing an additional 9 shares in the last quarter. Institutional investors and hedge funds own 70.81% 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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