Investors Sell Boeing (BA) on Strength (BA)

Investors sold shares of Boeing Co (NYSE:BA) on strength during trading on Wednesday. $340.40 million flowed into the stock on the tick-up and $500.02 million flowed out of the stock on the tick-down, for a money net flow of $159.62 million out of the stock. Of all companies tracked, Boeing had the 2nd highest net out-flow for the day. Boeing traded up $1.83 for the day and closed at $320.26

BA has been the topic of several research analyst reports. Buckingham Research reiterated a “hold” rating and issued a $203.00 target price on shares of Boeing in a research report on Friday, December 22nd. Deutsche Bank lifted their target price on shares of Boeing to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Jefferies Group reiterated a “buy” rating and issued a $339.00 target price on shares of Boeing in a research report on Monday. Nord/LB set a $250.00 target price on shares of Boeing and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $330.00 target price on the stock in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $277.79.

The stock has a market capitalization of $190,740.00, a P/E ratio of 29.46, a PEG ratio of 2.16 and a beta of 1.23. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The firm had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. During the same period in the prior year, the firm earned $3.51 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. research analysts expect that Boeing Co will post 10.14 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be paid a dividend of $1.71 per share. This is an increase from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, February 8th. Boeing’s dividend payout ratio is presently 52.25%.

Boeing announced that its Board of Directors has authorized a stock repurchase 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 purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lipe & Dalton acquired a new position in shares of Boeing in the 3rd quarter valued at $100,000. Burt Wealth Advisors acquired a new position in shares of Boeing in the 3rd quarter valued at $100,000. Clear Perspective Advisors LLC boosted its holdings in shares of Boeing by 31.0% in the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after buying an additional 135 shares in the last quarter. Vantage Investment Advisors LLC boosted its holdings in shares of Boeing by 11.1% in the 2nd quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after buying an additional 84 shares in the last quarter. Finally, CWH Capital Management Inc. acquired a new position in shares of Boeing in the 2nd quarter valued at $134,000. 70.84% of the stock is currently owned by hedge funds and other institutional investors.

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Boeing Company Profile

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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