Shares last traded at $206.44 which is just a bit higher than $190.02, the stock’s 50 day moving average and slightly over the 200 day moving average of $175.93. The 50 day moving average moved up $16.42 whereas the 200 day moving average was up $30.51 or +17.34%. Trading was light with 2,796K shares changing hands by the end of trading on Thursday. Overall, volume was down 50.88% under the stocks normal daily volume.
Here is the rundown on market activity for Boeing Company (The) (NYSE:BA). SVP, Government Operations Timothy John Keating disclosed the sale of 32,500 shares of (BA). The shares were purchased at an average price of $184.51. The SVP, Government Operations now owns $13,826,670 of the stock according to the SEC filing. Gregory L. Hyslop, CTO & SVP, Eng., Test & Tech reported the sale of 5,047 shares of BA stock. The shares were sold on May 3rd for an average price of $183.04. Hyslop now owns $820,361 of the stock per the Form 4 SEC filing.
Leanne G. Caret, EVP, Pres. & CEO, BDS disclosed the sale of 2,400 shares. The shares were sold on May 3rd for an average price of $182.73. The EVP, Pres. & CEO, BDS now owns $8,169,789 of the stock per the Form 4 SEC filing.
Here are some other firms who have updated their holdings. Sowell Financial Services LLC grew its investment by buying 984 shares an increase of 4.0% in the quarter. Sowell Financial Services LLC controls 25,637 shares valued at $4,749,000. The value of the position overall is up by 14.3%. Piedmont Investment Advisors LLC expanded its ownership by buying 1,707 shares an increase of 1.1% as of 03/31/2017. Piedmont Investment Advisors LLC now holds 162,300 shares with a value of $28,704,000. The total value of its holdings increased 14.8%.
As of quarter end Phh Investments, Ltd. had disposed of a total of 68 shares trimming its stake by 0.7%. The value of the company’s investment in Boeing Company (The) increased from $1,542,000 to $1,600,000 a change of 3.8% quarter over quarter. S. R. Schill & Associates augmented its holdings by buying 90 shares an increase of 2.1% from 12/31/2016 to 03/31/2017. S. R. Schill & Associates now controls 4,386 shares worth $776,000. The value of the position overall is up by 16.0%.
July 11 investment analysts at Baird made no change to the company rating of “Outperform” and raised the price target to $240.00 from $161.00. On July 11 Jefferies maintained a company rating of “Buy” but moved up the price target from $165.00 to $230.00.
On July 10 Jefferies kept the stock rating at “Outperform” and moved up the price target from $230.00 to $240.00. December 5 investment analysts at Deutsche Bank left the stock rating at “Buy” but raised the price target to $175.00 from $160.00.
Equity analyst Vertical Research initiated coverage on the stock setting a rating of “Hold”. On October 26 the stock rating was downgraded to “Sell” from “Buy” in a statement from Standpoint Research.
In the market the company is trading up by 0.08% since yesterday’s close of $206.27. The company also announced a dividend for shareholders that will be paid on Friday the 1st of September 2017. The dividend will be $1.420 per share for the quarter or $5.68 on an annualized basis. This dividend amount will represent a yeild of $2.75. The ex-dividend date will be Wednesday May 10th, 2017.
The company’s P/E ratio is 25.44 and market capitalization is 124.60B. As of the latest earnings report the EPS was $8.12 and is expected to be $9.39 for the current year with 603,580,000 shares currently outstanding. Next quarter’s EPS is expected be $2.45 and the next full year EPS is anticipated to be $10.24.
The Boeing Company, launched on July 19, 1934, is an aerospace company. The Company is involved in the design, development, manufacture, sale, service and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services. The Business’s segments include Commercial Airplanes; Defense, Space & Security (BDS), including Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Company is also a defense contractor in the United States..