On February 3, 2023,
RBC Capital
downgraded
their outlook for Boeing from Outperform to Sector Perform.
Analyst Price Forecast Suggests 1.86% Upside
As of February 3, 2023,
the average one-year price target for Boeing is $213.23.
The forecasts range from a low of $146.45 to a high of $267.75.
The average price target represents an increase of 1.86% from its latest reported closing price of $209.34.
The projected annual revenue for Boeing
is $83,266MM, an increase of 25.01%.
The projected annual EPS
is $2.57.
Boeing Declares $2.06 Dividend
Boeing said on December 16, 2019 that its board of directors declared a regular
quarterly dividend of $2.06 per share ($8.22 annualized).
Shareholders of record as of February 13, 2020
received the payment on March 6, 2020.
Previously, the company paid $2.06 per share.
At the current share price of $209.34 / share,
the stock’s dividend yield is 3.93%.
Looking back five years and taking a sample every week, the average dividend yield has been
2.14%,
the lowest has been 1.77%,
and the highest has been 2.79%.
The standard deviation of yields is 0.21 (n=90).
The current dividend yield is
8.68 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.00.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
What are large shareholders doing?
Newport Trust
holds 44,267,963 shares
representing 7.40% ownership of the company.
In it’s prior filing, the firm reported owning 44,977,130 shares, representing
a decrease
of 1.60%.
The firm
increased
its portfolio allocation in BA by 7.01% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 17,707,122 shares
representing 2.96% ownership of the company.
In it’s prior filing, the firm reported owning 17,425,088 shares, representing
an increase
of 1.59%.
The firm
decreased
its portfolio allocation in BA by 6.19% over the last quarter.
Loomis Sayles & Co L P
holds 13,012,220 shares
representing 2.18% ownership of the company.
In it’s prior filing, the firm reported owning 13,655,099 shares, representing
a decrease
of 4.94%.
The firm
decreased
its portfolio allocation in BA by 7.88% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares
holds 12,653,324 shares
representing 2.12% ownership of the company.
In it’s prior filing, the firm reported owning 12,310,117 shares, representing
an increase
of 2.71%.
The firm
decreased
its portfolio allocation in BA by 5.87% over the last quarter.
Capital World Investors
holds 11,852,588 shares
representing 1.98% ownership of the company.
In it’s prior filing, the firm reported owning 8,964,720 shares, representing
an increase
of 24.36%.
The firm
increased
its portfolio allocation in BA by 23.74% over the last quarter.
Fund Sentiment
There are 2657 funds or institutions reporting positions in Boeing.
This is an increase
of
61
owner(s) or 2.35%.
Average portfolio weight of all funds dedicated to US:BA is 0.3817%,
an increase
of 4.4386%.
Total shares owned by institutions decreased
in the last three months by 0.44% to 373,293K shares.
Boeing Background Information
(This description is provided by the company.)
Boeing is the world’s largest aerospace company and leading manufacturer of commercial jetliners, defense, space and security systems, and service provider of aftermarket support. As America’s biggest manufacturing exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.