Vetr lowered shares of Boeing Company (The) (NYSE:BA) from a hold rating to a sell rating in a research report report published on Wednesday. The firm currently has $223.75 price target on the aircraft producer’s stock.

BA has been the subject of a number of other research reports. Royal Bank Of Canada boosted their target price on Boeing Company (The) from $138.00 to $146.00 and gave the stock an underperform rating in a research report on Thursday, April 27th. Canaccord Genuity boosted their target price on Boeing Company (The) from $162.00 to $170.00 and gave the stock a hold rating in a research report on Tuesday, April 18th. Zacks Investment Research raised Boeing Company (The) from a hold rating to a buy rating and set a $236.00 target price for the company in a research report on Friday, July 21st. Credit Suisse Group reissued a hold rating on shares of Boeing Company (The) in a research report on Wednesday, July 19th. Finally, Cowen and Company reissued an outperform rating and issued a $300.00 target price (up previously from $255.00) on shares of Boeing Company (The) in a research report on Monday, July 24th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. Boeing Company (The) presently has a consensus rating of Hold and an average price target of $214.78.

Shares of Boeing Company (NYSE:BA) opened at 241.27 on Wednesday. The stock has a 50 day moving average of $204.97 and a 200 day moving average of $183.62. The stock has a market cap of $142.61 billion, a P/E ratio of 21.14 and a beta of 1.12. Boeing Company has a one year low of $126.31 and a one year high of $242.68.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. The company had revenue of $22.74 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.44) EPS. On average, analysts forecast that Boeing Company will post $9.80 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a dividend of $1.42 per share. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.35%. Boeing Company (The)’s dividend payout ratio is currently 49.74%.

In other news, SVP Timothy John Keating sold 32,500 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $184.51, for a total transaction of $5,996,575.00. Following the completion of the transaction, the senior vice president now directly owns 107,437 shares in the company, valued at approximately $19,823,200.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Gregory L. Hyslop sold 5,047 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $182.83, for a total value of $922,743.01. Following the transaction, the senior vice president now owns 8,829 shares of the company’s stock, valued at $1,614,206.07. The disclosure for this sale can be found here. Insiders have sold a total of 63,403 shares of company stock valued at $11,666,138 over the last quarter. Corporate insiders own 0.28% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbour Capital Advisors LLC increased its position in Boeing Company (The) by 18,613.5% in the second quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock worth $6,787,000 after buying an additional 1,334,957 shares in the last quarter. AQR Capital Management LLC raised its stake in Boeing Company (The) by 66.5% in the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after buying an additional 1,049,546 shares during the last quarter. Bank of Montreal Can raised its stake in Boeing Company (The) by 30.6% in the first quarter. Bank of Montreal Can now owns 2,968,297 shares of the aircraft producer’s stock valued at $524,974,000 after buying an additional 694,658 shares during the last quarter. Swiss National Bank raised its stake in Boeing Company (The) by 25.2% in the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock valued at $367,407,000 after buying an additional 418,500 shares during the last quarter. Finally, Bank of Nova Scotia raised its stake in Boeing Company (The) by 181.0% in the first quarter. Bank of Nova Scotia now owns 609,760 shares of the aircraft producer’s stock valued at $107,843,000 after buying an additional 392,786 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

About Boeing Company (The)

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Boeing Company (The) (NYSE:BA)

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