Traders Sell Shares of Boeing (BA) on Strength (BA)
Traders sold shares of Boeing Company (The) (NYSE:BA) on strength during trading hours on Wednesday. $130.91 million flowed into the stock on the tick-up and $245.88 million flowed out of the stock on the tick-down, for a money net flow of $114.97 million out of the stock. Of all stocks tracked, Boeing had the 7th highest net out-flow for the day. Boeing traded up $2.73 for the day and closed at $278.27
Several equities research analysts have recently issued reports on BA shares. Jefferies Group reissued a “buy” rating and set a $275.00 target price on shares of Boeing in a research note on Saturday, September 16th. Deutsche Bank upped their price target on shares of Boeing to $300.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. Vetr downgraded shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $269.69 price target for the company. in a research report on Wednesday, September 13th. Cowen restated a “buy” rating and set a $300.00 price target on shares of Boeing in a research report on Tuesday, September 12th. Finally, ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $257.81.
The firm has a market capitalization of $165,535.09, a price-to-earnings ratio of 28.51, a P/E/G ratio of 2.12 and a beta of 1.24. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. Boeing’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.51 EPS. equities analysts anticipate that Boeing Company will post 10.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were issued a $1.42 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.04%. Boeing’s payout ratio is 52.21%.
A number of hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its holdings in shares of Boeing by 7,215.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after buying an additional 4,852,679 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of Boeing by 18,613.5% during the 2nd 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 during the last quarter. Jennison Associates LLC increased its holdings in shares of Boeing by 20.3% during the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock worth $1,747,218,000 after buying an additional 1,160,859 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Boeing by 66.5% during the 1st 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 during the last quarter. Finally, Koch Industries Inc. increased its holdings in shares of Boeing by 61,128.7% during the 2nd quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock worth $846,000 after buying an additional 848,467 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.
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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.
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