Investors sold shares of Boeing (NYSE:BA) on strength during trading hours on Monday. $419.87 million flowed into the stock on the tick-up and $709.18 million flowed out of the stock on the tick-down, for a money net flow of $289.31 million out of the stock. Of all equities tracked, Boeing had the 0th highest net out-flow for the day. Boeing traded up $1.29 for the day and closed at $331.76
Several equities research analysts have recently weighed in on BA shares. Jefferies Group increased their target price on shares of Boeing from $300.00 to $312.00 and gave the company a “buy” rating in a research note on Tuesday, November 21st. Vetr downgraded shares of Boeing from a “hold” rating to a “sell” rating and set a $263.71 target price on the stock. in a research note on Friday, December 1st. ValuEngine downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Wells Fargo reissued a “market perform” rating and issued a $290.00 target price (up previously from $270.00) on shares of Boeing in a research note on Tuesday, December 12th. Finally, Bank of America set a $320.00 target price on shares of Boeing and gave the company a “buy” rating in a research note on Tuesday, December 12th. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Boeing presently has an average rating of “Buy” and a consensus price target of $358.47.
The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37. The company has a market cap of $195,237.55, a price-to-earnings ratio of 25.07, a PEG ratio of 1.72 and a beta of 1.37.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $1.89. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The company had revenue of $25.37 billion for the quarter, compared to analysts’ expectations of $24.78 billion. During the same period in the prior year, the business earned $2.47 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. equities analysts expect that Boeing will post 14.05 earnings per share for the current fiscal year.
Boeing declared that its Board of Directors has initiated a stock buyback program on Monday, December 11th that allows the company to buyback $18.00 billion in outstanding shares. This buyback authorization allows the aircraft producer to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in BA. Beach Investment Management LLC. purchased a new position in shares of Boeing in the 2nd quarter valued at approximately $429,000. Shoker Investment Counsel Inc. raised its position in shares of Boeing by 13.9% in the 2nd quarter. Shoker Investment Counsel Inc. now owns 8,085 shares of the aircraft producer’s stock valued at $1,598,000 after purchasing an additional 987 shares during the last quarter. Freestone Capital Holdings LLC raised its position in shares of Boeing by 12.2% in the 2nd quarter. Freestone Capital Holdings LLC now owns 13,672 shares of the aircraft producer’s stock valued at $2,704,000 after purchasing an additional 1,492 shares during the last quarter. IFM Investors Pty Ltd purchased a new position in shares of Boeing in the 2nd quarter valued at approximately $3,203,000. Finally, Empirical Financial Services LLC raised its position in shares of Boeing by 0.9% in the 2nd quarter. Empirical Financial Services LLC now owns 3,094 shares of the aircraft producer’s stock valued at $612,000 after purchasing an additional 28 shares during the last quarter. 70.75% of the stock is owned by institutional investors and hedge funds.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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