Stock Soaring to a Recent High: The Boeing Company (NYSE:BA)

The stock has a consensus rating of "Hold" and a consensus price target of $167.52. The company's 20-year market outlook, forecasts commercial jetliner demand to increase by 3.6%.

Additionally Boeing Company (The) declared a dividend for shareholders which was paid on Friday September 1st, 2017. "For its 747 model, weak demand for large commercial passenger and freighter aircraft also adds to the woes".

In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of the firm's stock in a transaction on Monday, August 7th.

The Boeing Company, launched on July 19, 1934, is an aerospace company. Zacks Investment Research upgraded Boeing Company (The) from a "hold" rating to a "buy" rating and set a $228.00 target price for the company in a research note on Tuesday, July 11th. On July 27 the stock rating was upgraded from "Neutral" to "Sector Perform" in a statement from Credit Suisse. On July 27, 2017 the stock rating was set at "Sector Perform" according to a RBC Capital report which is up from the previous "Sector Perform" rating. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. On September 22 Jefferies held the company rating at "Buy" but raised the price expectation to $300.00 from $230.00. Mutual Of Omaha Bancorporation Wealth holds 0.2% of its portfolio in Boeing Co (NYSE:BA) for 3,050 shares. The stock had a trading volume of 255,399 shares.

Company shares last traded at $261.44 slightly over the 50 day moving average of $247.54 and a great deal higher than the 200 day moving average of $210.90. Boeing has a 52-week low of $122.35 and a 52-week high of $187.60. The stock has a market cap of $154.48 billion, a PE ratio of 22.90 and a beta of 1.21. The company had a trading volume of 1,735,778 shares. The dividend payment was $1.420 per share for the quarter which comes to $5.68 on an annualized basis. Boeing had a net margin of 5.18% and a return on equity of 239.48%. The business had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. The firm's revenue was down 7.3% compared to the same quarter a year ago. Equities research analysts predict that Boeing will post $9.39 earnings per share for the current fiscal year. The value of the investment in BA went from $7,704,000 to $8,536,000 a change of $832,000 quarter over quarter. If you are accessing this news story on another publication, it was illegally copied and republished in violation of USA and worldwide trademark & copyright laws. The legal version of this article can be read at The shares were sold at an average price of $243.46, for a total value of $13,837,779.48. Hedge funds and other institutional investors own 72.17% of the company's stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Timothy John Keating sold 32,500 shares of the stock in a transaction dated Friday, May 5th. Volume was down 51.89% under the stocks average daily volume. The disclosure for this sale can be found here. Boeing Company (The)'s quarterly revenue was down 8.1% compared to the same quarter a year ago.

Several hedge funds and other institutional investors have recently modified their holdings of the company. GWM Advisors LLC now owns 1,324 shares of the aircraft producer's stock valued at $233,000 after buying an additional 8 shares during the period. Proficio Capital Partners LLC boosted its position in Boeing Company (The) by 181.9% in the 1st quarter. The fund owned 229,772 shares of the aircraft producer's stock after selling 19,364 shares during the quarter. Indiana Trust & Investment Management CO lifted its position in shares of Boeing Company (The) by 4.1% in the 3rd quarter. Grassi Investment Management owns 50,033 shares valued at $12,719,000. MCF Advisors LLC boosted its position in Boeing Company (The) by 9.5% in the 1st quarter. The stock of Boeing Co (NYSE:BA) earned "Buy" rating by Deutsche Bank on Monday, December 5. The stock of Boeing Co (NYSE:BA) earned "Overweight" rating by Barclays Capital on Thursday, October 6. Arcus Capital Partners LLC now owns 1,628 shares of the aircraft producer's stock valued at $288,000 after buying an additional 13 shares during the period.

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