Vertical Research reissued their hold rating on shares of Boeing Company (The) (NYSE:BA) in a report released on Thursday morning. The firm currently has a $242.00 price target on the aircraft producer’s stock, up from their prior price target of $187.00.

BA has been the subject 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 price target for the company in a research report on Tuesday, July 11th. Gabelli reiterated a buy rating on shares of Boeing Company (The) in a research report on Friday, April 7th. Deutsche Bank AG lifted 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 reiterated 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 equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus 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 price-to-earnings ratio of 21.14 and a beta of 1.12. Boeing Company has a 1-year low of $126.31 and a 1-year high of $242.68. The stock has a 50 day moving average price of $204.97 and a 200 day moving average price of $183.62.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The company had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. During the same period in the previous year, the business earned ($0.44) earnings per share. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. Analysts forecast that Boeing Company will post $9.80 earnings per share for the current year.

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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 $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 payout ratio is 49.74%.

In related news, EVP J Michael Luttig sold 7,986 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $183.78, for a total value of $1,467,667.08. Following the transaction, the executive vice president now owns 39,251 shares in the company, valued at $7,213,548.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Timothy John Keating sold 32,500 shares of the business’s stock in a transaction on Friday, May 5th. The shares were 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 owns 107,437 shares in the company, valued at approximately $19,823,200.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,403 shares of company stock worth $11,666,138. 0.28% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC raised its position in Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after buying an additional 402 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new position in Boeing Company (The) during the fourth quarter valued at about $109,000. MCF Advisors LLC raised its position in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares during the last quarter. SRS Capital Advisors Inc. raised its position in Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after buying an additional 107 shares during the last quarter. Finally, Gemmer Asset Management LLC raised its position in Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock valued at $159,000 after buying an additional 302 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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