Traders Sell Boeing Co. (BA) on Strength (BA)
Traders sold shares of Boeing Co. (NYSE:BA) on strength during trading hours on Tuesday. $84.80 million flowed into the stock on the tick-up and $115.75 million flowed out of the stock on the tick-down, for a money net flow of $30.95 million out of the stock. Of all equities tracked, Boeing had the 14th highest net out-flow for the day. Boeing traded up $1.23 for the day and closed at $134.66
BA has been the topic of several recent analyst reports. Deutsche Bank AG reiterated a “buy” rating and set a $160.00 target price on shares of Boeing in a report on Monday, March 21st. Canaccord Genuity lifted their target price on Boeing from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 28th. Zacks Investment Research upgraded Boeing from a “sell” rating to a “hold” rating in a report on Tuesday, March 29th. Vetr raised Boeing from a “hold” rating to a “buy” rating and set a $135.78 price target on the stock in a research note on Thursday, March 31st. Finally, Gabelli reissued a “buy” rating on shares of Boeing in a research note on Thursday, April 7th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $149.03.
The stock has a market capitalization of $85.78 billion and a price-to-earnings ratio of 18.20. The company’s 50-day moving average is $129.80 and its 200 day moving average is $127.58.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 27th. The aircraft producer reported $1.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.83 by $0.09. The firm had revenue of $22.60 billion for the quarter, compared to the consensus estimate of $21.90 billion. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.97 EPS. Analysts anticipate that Boeing Co. will post $8.50 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 12th will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $4.36 annualized dividend and a dividend yield of 3.24%.
In related news, Director Randall L. Stephenson purchased 1,850 shares of the firm’s stock in a transaction dated Tuesday, May 3rd. The stock was bought at an average price of $132.15 per share, for a total transaction of $244,477.50. Following the purchase, the director now directly owns 1,850 shares in the company, valued at approximately $244,477.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John J. Tracy sold 22,341 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $133.60, for a total transaction of $2,984,757.60. Following the sale, the senior vice president now owns 22,372 shares of the company’s stock, valued at approximately $2,988,899.20. The disclosure for this sale can be found here.
Other large investors recently modified their holdings of the company. Pictet & Cie Europe SA raised its stake in shares of Boeing by 2.8% in the fourth quarter. Pictet & Cie Europe SA now owns 7,360 shares of the aircraft producer’s stock valued at $1,064,000 after buying an additional 200 shares during the last quarter. Roof Eidam & Maycock ADV increased its position in Boeing by 1.3% in the fourth quarter. Roof Eidam & Maycock ADV now owns 7,543 shares of the aircraft producer’s stock valued at $1,091,000 after buying an additional 100 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Boeing by 5.1% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 7,645 shares of the aircraft producer’s stock valued at $1,105,000 after buying an additional 368 shares during the period. Mark Sheptoff Financial Planning LLC increased its position in Boeing by 22.5% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 7,765 shares of the aircraft producer’s stock valued at $1,123,000 after buying an additional 1,424 shares during the period. Finally, Hallmark Capital Management Inc. acquired a new position in Boeing during the fourth quarter valued at approximately $1,142,000.
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.