Investors sold shares of Boeing Co (NYSE:BA) on strength during trading on Monday. $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 8th highest net out-flow for the day. Boeing traded up $0.07 for the day and closed at $295.10
Several equities analysts recently weighed in on the stock. Buckingham Research reiterated a “hold” rating and set a $203.00 target price on shares of Boeing in a research report on Friday. Zacks Investment Research lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Sanford C. Bernstein reiterated an “outperform” rating and set a $303.00 target price (up previously from $274.00) on shares of Boeing in a research report on Wednesday, September 20th. They noted that the move was a valuation call. ValuEngine lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Cowen reissued a “buy” rating and issued a $315.00 price target (up from $300.00) on shares of Boeing in a report on Friday, September 22nd. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $273.53.
The stock has a market cap of $175,760.00, a P/E ratio of 27.15, a P/E/G ratio of 2.24 and a beta of 1.24. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be issued a $1.71 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 annualized dividend and a yield of 2.32%. This is a boost from Boeing’s previous quarterly dividend of $1.42. Boeing’s payout ratio is 52.25%.
Boeing announced that its Board of Directors has approved a share buyback plan on Monday, December 11th that allows the company to buyback $18.00 billion in outstanding shares. This buyback authorization allows the aircraft producer to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
A number of large investors have recently modified their holdings of BA. Riverpoint Wealth Management Holdings LLC grew its position in shares of Boeing by 0.3% during the 2nd quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock worth $293,000 after buying an additional 4 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of Boeing by 0.3% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock worth $421,000 after buying an additional 6 shares in the last quarter. Accredited Investors Inc. grew its position in shares of Boeing by 0.4% during the 2nd quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock worth $325,000 after buying an additional 6 shares in the last quarter. GWM Advisors LLC grew its position in shares of Boeing by 0.6% during the 1st quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after buying an additional 8 shares in the last quarter. Finally, Silicon Valley Capital Partners grew its position in shares of Boeing by 0.7% during the 2nd quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock worth $245,000 after buying an additional 9 shares in the last quarter. 70.85% of the stock is owned by institutional investors and hedge funds.
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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