Boeing Company (The) (BA) Reaches New 12-Month High at $259.60

Shares of Boeing Company (The) (NYSE:BA) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $259.60 and last traded at $259.53, with a volume of 1,037,006 shares traded. The stock had previously closed at $258.39.

A number of research firms have recently issued reports on BA. Argus reissued a “buy” rating and issued a $270.00 price target on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Zacks Investment Research lowered shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Vetr lowered shares of Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 price target for the company. in a research report on Wednesday, August 16th. Wells Fargo & Company reissued a “hold” rating and issued a $255.00 price target (up from $240.00) on shares of Boeing Company (The) in a research report on Wednesday, September 20th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $170.00 price target on shares of Boeing Company (The) in a research report on Sunday, July 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. Boeing Company (The) has a consensus rating of “Hold” and an average target price of $241.33.

The stock has a 50 day moving average of $246.82 and a 200 day moving average of $210.28. The company has a market cap of $153.54 billion, a price-to-earnings ratio of 22.76 and a beta of 1.21.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The business had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. During the same quarter in the prior year, the business earned ($0.44) EPS. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. Analysts expect that Boeing Company will post $10.02 EPS for the current year.

In related news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Heidi B. Capozzi sold 4,217 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total value of $1,018,447.67. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sonata Capital Group Inc. raised its stake in Boeing Company (The) by 0.3% in the 1st quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock valued at $884,000 after acquiring an additional 16 shares during the period. Investment Partners Ltd. OH ADV increased its position in Boeing Company (The) by 1.1% during the 1st quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock worth $1,274,000 after buying an additional 79 shares during the period. Checchi Capital Advisers LLC increased its position in Boeing Company (The) by 7.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock worth $1,199,000 after buying an additional 499 shares during the period. Harbour Capital Advisors LLC increased its position in Boeing Company (The) by 0.3% during the 1st quarter. Harbour Capital Advisors LLC now owns 7,172 shares of the aircraft producer’s stock worth $1,268,000 after buying an additional 25 shares during the period. Finally, Cypress Asset Management Inc. TX increased its position in Boeing Company (The) by 178.6% during the 2nd quarter. Cypress Asset Management Inc. TX now owns 6,544 shares of the aircraft producer’s stock worth $1,294,000 after buying an additional 4,195 shares during the period. Institutional investors and hedge funds own 72.17% 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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