Boeing (BA) Lowered to Equal Weight at Morgan Stanley

Morgan Stanley cut shares of Boeing (NYSE:BA) from an overweight rating to an equal weight rating in a report published on Thursday, The Fly reports. The brokerage currently has $450.00 price target on the aircraft producer’s stock, up from their previous price target of $400.00.

Several other equities analysts also recently issued reports on the stock. Jefferies Financial Group set a $420.00 price target on shares of Boeing and gave the company a buy rating in a report on Tuesday, November 13th. Argus reaffirmed a fair value rating and set a $395.00 price objective on shares of Boeing in a research report on Thursday, October 25th. Cowen reaffirmed a buy rating and set a $445.00 target price on shares of Boeing in a report on Tuesday, December 18th. ValuEngine raised Boeing from a hold rating to a buy rating in a research note on Wednesday, September 19th. Finally, UBS Group reiterated a buy rating on shares of Boeing in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $411.36.

Shares of NYSE BA traded up $0.29 during mid-day trading on Thursday, hitting $352.90. The company had a trading volume of 3,153,342 shares, compared to its average volume of 4,382,707. The stock has a market cap of $195.26 billion, a P/E ratio of 29.31, a PEG ratio of 1.42 and a beta of 1.24. Boeing has a 1-year low of $292.47 and a 1-year high of $394.28.



Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.47 by $0.11. The company had revenue of $25.15 billion during the quarter, compared to analysts’ expectations of $23.84 billion. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.72 EPS. As a group, sell-side analysts expect that Boeing will post 15.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 8th will be issued a dividend of $2.055 per share. This is an increase from Boeing’s previous quarterly dividend of $1.71. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, February 7th. Boeing’s dividend payout ratio is presently 56.81%.

Boeing announced that its Board of Directors has initiated a share buyback program on Monday, December 17th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the aircraft producer to repurchase up to 11.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

In related news, SVP Jenette E. Ramos sold 1,640 shares of Boeing stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $367.52, for a total transaction of $602,732.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Diana L. Sands sold 5,000 shares of the business’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $350.07, for a total transaction of $1,750,350.00. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Corrado Advisors LLC lifted its position in Boeing by 0.5% during the fourth quarter. Corrado Advisors LLC now owns 8,714 shares of the aircraft producer’s stock worth $2,810,000 after purchasing an additional 43 shares during the period. Acropolis Investment Management LLC lifted its position in Boeing by 2.0% in the 4th quarter. Acropolis Investment Management LLC now owns 2,444 shares of the aircraft producer’s stock worth $788,000 after buying an additional 48 shares during the last quarter. Birmingham Capital Management Co. Inc. AL raised its holdings in shares of Boeing by 3.4% during the third quarter. Birmingham Capital Management Co. Inc. AL now owns 1,502 shares of the aircraft producer’s stock valued at $559,000 after acquiring an additional 50 shares in the last quarter. WealthPLAN Partners LLC grew its stake in shares of Boeing by 0.8% in the third quarter. WealthPLAN Partners LLC now owns 7,392 shares of the aircraft producer’s stock worth $2,349,000 after acquiring an additional 62 shares during the last quarter. Finally, Waldron Private Wealth LLC lifted its holdings in Boeing by 4.4% in the third quarter. Waldron Private Wealth LLC now owns 1,626 shares of the aircraft producer’s stock valued at $604,000 after acquiring an additional 68 shares during the period. 69.61% of the stock is owned by institutional investors and hedge funds.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Further Reading: How To Calculate Debt-to-Equity Ratio

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