Boeing Company (The) (BA) Raised to Overweight at J P Morgan Chase & Co

J P Morgan Chase & Co upgraded shares of Boeing Company (The) (NYSE:BA) from a neutral rating to an overweight rating in a research report report published on Friday, July 14th, Marketbeat.com reports. J P Morgan Chase & Co currently has $240.00 price target on the aircraft producer’s stock, up from their previous price target of $205.00.

BA has been the topic of a number of other reports. Vetr raised Boeing Company (The) from a hold rating to a buy rating and set a $183.96 target price on the stock in a research report on Wednesday, April 12th. Gabelli reaffirmed a buy rating on shares of Boeing Company (The) in a research report on Friday, April 7th. Berenberg Bank began coverage on Boeing Company (The) in a research report on Wednesday, March 29th. They issued a buy rating and a $202.00 target price on the stock. Jefferies Group LLC reaffirmed a buy rating and issued a $200.00 target price on shares of Boeing Company (The) in a research report on Thursday, March 23rd. Finally, Deutsche Bank AG upped their target price on Boeing Company (The) from $205.00 to $210.00 and gave the company a buy rating in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $228.31.

Boeing Company (BA) traded down 0.30% on Friday, hitting $239.50. 4,871,413 shares of the stock traded hands. The stock has a market cap of $141.56 billion, a price-to-earnings ratio of 20.98 and a beta of 1.16. Boeing Company has a 12-month low of $126.31 and a 12-month high of $246.49. The firm’s 50-day moving average price is $211.74 and its 200-day moving average price is $186.31.

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, topping the Zacks’ consensus estimate of $2.32 by $0.23. The firm had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. Boeing Company (The)’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.44) EPS. On average, equities research analysts anticipate that Boeing Company will post $9.95 EPS for the current fiscal 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 paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $5.68 annualized dividend and a yield of 2.37%. Boeing Company (The)’s dividend payout ratio is currently 49.74%.

In related news, SVP Heidi B. Capozzi sold 4,217 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total transaction of $1,018,447.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gregory D. Smith sold 19,757 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $245.42, for a total value of $4,848,762.94. Following the completion of the transaction, the chief financial officer now owns 152,195 shares of the company’s stock, valued at approximately $37,351,696.90. The disclosure for this sale can be found here. Insiders have sold 83,334 shares of company stock valued at $20,321,493 in the last ninety days. Company insiders own 0.28% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Harbour Capital Advisors LLC raised its position in Boeing Company (The) by 18,613.5% in the second 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 period. AQR Capital Management LLC raised its position in Boeing Company (The) by 66.5% in the first 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 period. Bank of Montreal Can raised its position in Boeing Company (The) by 30.6% in the first quarter. Bank of Montreal Can now owns 2,968,297 shares of the aircraft producer’s stock worth $524,974,000 after buying an additional 694,658 shares during the period. Principal Financial Group Inc. raised its position in Boeing Company (The) by 63.7% in the second quarter. Principal Financial Group Inc. now owns 1,442,748 shares of the aircraft producer’s stock worth $285,303,000 after buying an additional 561,343 shares during the period. Finally, Swiss National Bank raised its position in Boeing Company (The) by 25.2% in the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock worth $367,407,000 after buying an additional 418,500 shares during the period. Institutional investors and hedge funds own 74.47% of the company’s stock.

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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