Investors Buy Shares of Boeing Company (The) (BA) on Weakness

Investors purchased shares of Boeing Company (The) (NYSE:BA) on weakness during trading hours on Wednesday. $148.35 million flowed into the stock on the tick-up and $78.04 million flowed out of the stock on the tick-down, for a money net flow of $70.31 million into the stock. Of all equities tracked, Boeing Company (The) had the 12th highest net in-flow for the day. Boeing Company (The) traded down ($1.84) for the day and closed at $265.15

Several equities analysts recently commented on BA shares. Canaccord Genuity reiterated a “hold” rating and set a $235.00 target price (up from $215.00) on shares of Boeing Company (The) in a research note on Sunday, September 17th. ValuEngine upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $289.00 target price for the company in a research note on Tuesday, October 10th. Royal Bank Of Canada upped their target price on shares of Boeing Company (The) from $269.00 to $273.00 and gave the company a “sector perform” rating in a research note on Thursday, October 26th. Finally, Argus reiterated a “buy” rating and set a $290.00 target price (up from $270.00) on shares of Boeing Company (The) in a research note on Friday, October 27th. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $257.94.

The firm has a market capitalization of $157,917.64, a P/E ratio of 27.19, a PEG ratio of 2.02 and a beta of 1.22. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings data 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. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The company had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. During the same quarter in the prior year, the company posted $3.51 EPS. The business’s revenue was up 1.7% on a year-over-year basis. equities analysts predict that Boeing Company will post 10.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, November 9th. Boeing Company (The)’s dividend payout ratio (DPR) is currently 52.21%.

Several institutional investors have recently made changes to their positions in BA. FormulaFolio Investments LLC increased its position in shares of Boeing Company (The) by 64.4% during the 1st quarter. FormulaFolio Investments LLC now owns 2,856 shares of the aircraft producer’s stock worth $505,000 after purchasing an additional 1,119 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Boeing Company (The) by 9.3% during the 1st quarter. Wedbush Securities Inc. now owns 16,975 shares of the aircraft producer’s stock worth $3,002,000 after purchasing an additional 1,439 shares in the last quarter. Wade G W & Inc. increased its position in shares of Boeing Company (The) by 69.2% during the 1st quarter. Wade G W & Inc. now owns 67,916 shares of the aircraft producer’s stock worth $12,012,000 after purchasing an additional 27,770 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Boeing Company (The) during the 1st quarter worth about $760,000. Finally, Symphony Asset Management LLC grew its holdings in Boeing Company (The) by 37.7% during the 1st quarter. Symphony Asset Management LLC now owns 19,257 shares of the aircraft producer’s stock worth $3,405,000 after acquiring an additional 5,270 shares during the last quarter. Institutional investors and hedge funds own 72.04% of the company’s stock.

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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.

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