Investors Sell Shares of Boeing (BA) on Strength (BA)
Investors sold shares of Boeing Co (NYSE:BA) on strength during trading hours on Friday. $145.24 million flowed into the stock on the tick-up and $232.56 million flowed out of the stock on the tick-down, for a money net flow of $87.32 million out of the stock. Of all equities tracked, Boeing had the 0th highest net out-flow for the day. Boeing traded up $0.07 for the day and closed at $295.10
BA has been the topic of several research reports. Vetr upgraded shares of Boeing from a “sell” rating to a “hold” rating and set a $288.75 price objective on the stock in a report on Monday, December 11th. Zacks Investment Research downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Cowen reaffirmed a “buy” rating and issued a $315.00 price objective on shares of Boeing in a research note on Thursday, October 26th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Nord/LB set a $250.00 target price on shares of Boeing and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $270.67.
The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. The firm has a market cap of $175,760.00, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The firm had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. During the same period last year, the firm posted $3.51 EPS. The business’s revenue was up 1.7% compared to the same quarter last year. sell-side analysts expect that Boeing Co will post 10.11 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Thursday, February 8th. This is a positive change from Boeing’s previous quarterly dividend of $1.42. Boeing’s payout ratio is presently 52.25%.
Boeing declared that its Board of Directors has approved a share buyback program on Monday, December 11th that authorizes the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization authorizes the aircraft producer to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of institutional investors have recently made changes to their positions in the business. Lipe & Dalton purchased a new position in Boeing in the third quarter valued at $100,000. Burt Wealth Advisors acquired a new position in Boeing in the 3rd quarter worth $100,000. Clear Perspective Advisors LLC lifted its holdings in Boeing by 31.0% in the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after buying an additional 135 shares in the last quarter. Vantage Investment Advisors LLC lifted its holdings in Boeing by 11.1% in the 2nd quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock worth $123,000 after buying an additional 84 shares in the last quarter. Finally, CWH Capital Management Inc. acquired a new position in Boeing in the 2nd quarter worth $134,000. 70.85% of the stock is currently owned by institutional investors and hedge funds.
WARNING: This piece was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://theolympiareport.com/2017/12/24/investors-sell-shares-of-boeing-ba-on-strength-ba-2.html.
Boeing 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.
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with Analyst Ratings Network's FREE daily email newsletter.