Sanford C. Bernstein set a $274.00 price target on Boeing Company (The) (NYSE:BA) in a research note issued to investors on Thursday. The brokerage currently has a buy rating on the aircraft producer’s stock.

BA has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Boeing Company (The) from a hold rating to a buy rating and set a $228.00 target price on the stock in a research note on Tuesday, July 11th. Gabelli reissued a buy rating on shares of Boeing Company (The) in a research report on Friday, April 7th. Deutsche Bank AG boosted their price target on shares of Boeing Company (The) from $205.00 to $210.00 and gave the company a buy rating in a research report on Friday, April 28th. Berenberg Bank set a $245.00 price target on shares of Boeing Company (The) and gave the company a buy rating in a research report on Friday, July 21st. Finally, Cowen and Company reissued an outperform rating and issued a $215.00 price target on shares of Boeing Company (The) in a research report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $217.89.

Shares of Boeing Company (NYSE BA) opened at 241.27 on Thursday. The company has a market capitalization of $142.61 billion, a PE 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. The stock has a 50 day moving average of $204.97 and a 200-day moving average of $183.62.

Boeing Company (The) (NYSE:BA) last released its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.23. The firm 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%. The company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.44) earnings per share. On average, equities analysts forecast that Boeing Company will post $9.80 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $5.68 annualized dividend and a yield of 2.35%. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.

In other Boeing Company (The) news, EVP Leanne G. Caret sold 2,400 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $182.73, for a total value of $438,552.00. Following the completion of the transaction, the executive vice president now directly owns 44,710 shares in the company, valued at approximately $8,169,858.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP J Michael Luttig sold 7,986 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $183.78, for a total transaction of $1,467,667.08. Following the completion of the transaction, the executive vice president now owns 39,251 shares of the company’s stock, valued at $7,213,548.78. The disclosure for this sale can be found here. Insiders sold a total of 63,403 shares of company stock valued at $11,666,138 over the last 90 days. Company insiders own 0.28% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Boeing Company (The) by 0.3% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock valued at $421,000 after buying an additional 6 shares during the last quarter. GWM Advisors LLC raised its position in shares of Boeing Company (The) by 0.6% in the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock valued at $233,000 after buying an additional 8 shares during the last quarter. Howe & Rusling Inc. raised its position in shares of Boeing Company (The) by 0.3% in the first quarter. Howe & Rusling Inc. now owns 2,898 shares of the aircraft producer’s stock valued at $512,000 after buying an additional 9 shares during the last quarter. Silicon Valley Capital Partners raised its position in shares of Boeing Company (The) by 0.7% in the second quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock valued at $245,000 after buying an additional 9 shares during the last quarter. Finally, Arcus Capital Partners LLC raised its position in shares of Boeing Company (The) by 0.8% in the first quarter. Arcus Capital Partners LLC now owns 1,628 shares of the aircraft producer’s stock valued at $288,000 after buying an additional 13 shares during the last quarter. Institutional investors and hedge funds own 72.99% of the company’s stock.

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.

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

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