Boeing Company (The) (NYSE:BA) had its target price hoisted by Sanford C. Bernstein from $303.00 to $310.00 in a report issued on Monday morning. Sanford C. Bernstein currently has an outperform rating on the aircraft producer’s stock.

A number of other equities research analysts also recently weighed in on BA. Canaccord Genuity reaffirmed a hold rating and set a $215.00 price objective (up previously from $200.00) on shares of Boeing Company (The) in a research report on Sunday, July 30th. Argus reaffirmed a buy rating and set a $270.00 price objective on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Buckingham Research raised shares of Boeing Company (The) from an underperform rating to a neutral rating in a research report on Friday, July 28th. Vetr raised 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 reaffirmed a market perform rating on shares of Boeing Company (The) in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $256.21.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.07. The business had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.51 EPS.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.20%. The ex-dividend date is Thursday, November 9th. Boeing Company (The)’s dividend payout ratio is presently 52.21%.

In related news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Clear Perspective Advisors LLC lifted its stake in Boeing Company (The) by 31.0% during the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after purchasing an additional 135 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in Boeing Company (The) by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after purchasing an additional 402 shares during the last quarter. Vantage Investment Advisors LLC lifted its stake in Boeing Company (The) by 11.1% during the second quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after purchasing an additional 84 shares during the last quarter. MCF Advisors LLC lifted its stake in Boeing Company (The) by 9.5% during the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after purchasing an additional 62 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in Boeing Company (The) by 16.9% during the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after purchasing an additional 107 shares during the last quarter. 72.23% of the stock is owned by institutional investors and hedge funds.

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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