Boeing Company (The) (NYSE:BA) Reaches New 1-Year High at $212.41

Shares of Boeing Company (The) (NYSE:BA) hit a new 52-week high during trading on Monday . The stock traded as high as $212.41 and last traded at $212.37, with a volume of 1,116,505 shares trading hands. The stock had previously closed at $212.14.

BA has been the subject of several recent research reports. Canaccord Genuity reiterated a “hold” rating and set a $215.00 target price (up previously from $200.00) on shares of Boeing Company (The) in a research report on Sunday, July 30th. Argus reiterated a “buy” rating and set a $270.00 target price on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Buckingham Research upgraded shares of Boeing Company (The) from an “underperform” rating to a “neutral” rating in a research report on Friday, July 28th. Vetr upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price objective for the company in a research report on Monday, August 7th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Boeing Company (The) in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $230.62.

The firm’s 50-day moving average is $222.49 and its 200-day moving average is $191.63. The company has a market cap of $139.36 billion, a PE ratio of 20.66 and a beta of 1.16.

Boeing Company (The) (NYSE:BA) last posted its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. Boeing Company (The)’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.44) EPS. Equities analysts anticipate that Boeing Company will post $9.99 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.

In other news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the completion of the sale, the chairman now directly owns 127,778 shares of the company’s stock, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. Insiders sold a total of 83,468 shares of company stock worth $20,353,814 in the last three months. Insiders own 0.28% of the company’s stock.

Several large investors have recently made changes to their positions in BA. Clear Perspective Advisors LLC boosted its stake in shares of Boeing Company (The) by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after buying an additional 135 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after buying an additional 402 shares during the period. CWH Capital Management Inc. acquired a new stake in shares of Boeing Company (The) during the second quarter worth about $134,000. Catamount Wealth Management acquired a new stake in shares of Boeing Company (The) during the second quarter worth about $138,000. Finally, MCF Advisors LLC boosted its stake in shares of Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after buying an additional 62 shares during the period. 74.44% of the stock is owned by institutional investors.

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Boeing Company (The) 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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