BA Stock: Boeing Co (NYSE:BA) was upgraded by investment analysts at Vetr from a “strong sell” rating to a “sell” rating in a research note issued to investors on Monday. The brokerage presently has a $162.71 target price on the aircraft producer’s stock. Vetr‘s target price suggests a potential downside of 9.13% from the company’s previous close.
Several other research firms have also issued reports on BA. Zacks Investment Research lowered shares of Boeing from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th. Deutsche Bank AG lifted their target price on shares of Boeing from $195.00 to $205.00 and gave the company a “buy” rating in a report on Monday, March 6th. Morgan Stanley lowered shares of Boeing from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $185.00 to $190.00 in a report on Monday. They noted that the move was a valuation call. Royal Bank of Canada initiated coverage on shares of Boeing in a report on Thursday, January 12th. They set an “underperform” rating and a $136.00 target price for the company. Finally, Robert W. Baird reiterated an “outperform” rating and set a $182.00 target price on shares of Boeing in a report on Friday, January 20th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $158.40.
Boeing (NYSE:BA) traded up 0.20% during trading on Monday, hitting $179.05. The stock had a trading volume of 3,499,021 shares. Boeing has a 1-year low of $122.35 and a 1-year high of $185.71. The stock’s 50-day moving average price is $171.75 and its 200-day moving average price is $150.99. The company has a market capitalization of $109.66 billion, a P/E ratio of 23.53 and a beta of 1.08.
Boeing (NYSE:BA) last released its earnings results on Wednesday, January 25th. The aircraft producer reported $2.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.13. Boeing had a net margin of 5.18% and a return on equity of 239.48%. The firm earned $23.30 billion during the quarter, compared to analyst estimates of $23.25 billion. During the same period last year, the business earned $1.60 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. Analysts expect that Boeing will post $9.30 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 3rd. Stockholders of record on Friday, February 10th were given a dividend of $1.42 per share. This is an increase from Boeing’s previous quarterly dividend of $1.09. The ex-dividend date was Wednesday, February 8th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.17%. Boeing’s payout ratio is presently 74.25%.
In other news, SVP Thomas J. Downey sold 1,000 shares of the business’s stock in a transaction on Tuesday, January 31st. The shares were sold at an average price of $163.93, for a total transaction of $163,930.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Raymond L. Conner sold 96,174 shares of the business’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $163.72, for a total transaction of $15,745,607.28. Following the sale, the insider now directly owns 95,852 shares of the company’s stock, valued at approximately $15,692,889.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,827 shares of company stock valued at $34,170,203. Insiders own 0.58% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Toronto Dominion Bank increased its stake in shares of Boeing by 65.8% in the third quarter. Toronto Dominion Bank now owns 32,331 shares of the aircraft producer’s stock worth $4,264,000 after buying an additional 12,836 shares during the last quarter. Plancorp LLC increased its stake in shares of Boeing by 5.8% in the third quarter. Plancorp LLC now owns 61,903 shares of the aircraft producer’s stock worth $8,155,000 after buying an additional 3,397 shares during the last quarter. Jacobs & Co. CA increased its stake in shares of Boeing by 2.4% in the third quarter. Jacobs & Co. CA now owns 58,655 shares of the aircraft producer’s stock worth $7,727,000 after buying an additional 1,363 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Boeing by 16.0% in the fourth quarter. Brown Advisory Inc. now owns 37,625 shares of the aircraft producer’s stock worth $5,856,000 after buying an additional 5,192 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. ADV acquired a new stake in shares of Boeing during the fourth quarter worth about $1,704,000. 74.66% of the stock is owned by hedge funds and other institutional investors.
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