Buckingham Research upgraded shares of Boeing Company (The) (NYSE:BA) from an underperform rating to a neutral rating in a research note published on Friday morning, Marketbeat.com reports.

Other research analysts also recently issued reports about the stock. Royal Bank Of Canada upped their price target on shares of Boeing Company (The) from $138.00 to $146.00 and gave the stock an underperform rating in a report on Thursday, April 27th. Canaccord Genuity upped their price target on shares of Boeing Company (The) from $162.00 to $170.00 and gave the stock a hold rating in a report on Tuesday, April 18th. Zacks Investment Research upgraded shares of Boeing Company (The) from a hold rating to a buy rating and set a $236.00 price target for the company in a report on Friday, July 21st. Vertical Research reiterated a hold rating and set a $242.00 price target (up from $187.00) on shares of Boeing Company (The) in a report on Thursday, July 27th. Finally, Vetr downgraded shares of Boeing Company (The) from a buy rating to a hold rating and set a $202.94 price target for the company. in a report on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $219.56.

Boeing Company (NYSE BA) opened at 242.46 on Friday. Boeing Company has a 12 month low of $126.31 and a 12 month high of $246.49. The company has a market capitalization of $143.31 billion, a price-to-earnings ratio of 21.24 and a beta of 1.12. The firm has a 50-day moving average price of $206.47 and a 200-day moving average price of $184.59.

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 consensus estimate of $2.32 by $0.23. The company had revenue of $22.74 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.44) earnings per share. On average, equities analysts anticipate 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. 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 2.34%. Boeing Company (The)’s dividend payout ratio (DPR) is presently 49.74%.

In other news, SVP Gregory L. Hyslop sold 5,047 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $182.83, for a total transaction of $922,743.01. Following the transaction, the senior vice president now owns 8,829 shares of the company’s stock, valued at approximately $1,614,206.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy John Keating sold 32,500 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 107,437 shares in the company, valued at approximately $19,823,200.87. The disclosure for this sale can be found here. Insiders have sold a total of 39,947 shares of company stock worth $7,357,870 in the last three months. Insiders own 0.28% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in BA. State Street Corp boosted its position in Boeing Company (The) by 0.3% in the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock worth $5,028,731,000 after buying an additional 87,850 shares during the period. LSV Asset Management raised its stake in Boeing Company (The) by 4.9% in the first quarter. LSV Asset Management now owns 2,985,054 shares of the aircraft producer’s stock worth $527,936,000 after buying an additional 138,170 shares in 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 worth $524,974,000 after buying an additional 694,658 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Boeing Company (The) by 11.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,943,099 shares of the aircraft producer’s stock worth $520,517,000 after buying an additional 308,976 shares in the last quarter. Finally, 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 worth $464,732,000 after buying an additional 1,049,546 shares in the last quarter. 72.99% of the stock is currently owned by institutional investors.

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.

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

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