Investors Sell Shares of Boeing Co. (BA) on Strength (BA)
Investors sold shares of Boeing Co. (NYSE:BA) on strength during trading hours on Monday. $62.69 million flowed into the stock on the tick-up and $103.42 million flowed out of the stock on the tick-down, for a money net flow of $40.73 million out of the stock. Of all stocks tracked, Boeing had the 0th highest net out-flow for the day. Boeing traded up $1.56 for the day and closed at $134.66
A number of research analysts recently issued reports on BA shares. Argus lifted their price target on Boeing from $140.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, April 28th. Jefferies Group set a $165.00 price target on Boeing and gave the company a “buy” rating in a report on Thursday, April 28th. Vetr raised Boeing from a “hold” rating to a “buy” rating and set a $139.51 price target for the company in a report on Tuesday, April 19th. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a report on Tuesday, April 19th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $158.00 price target on shares of Boeing in a report on Thursday, April 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $148.42.
The stock has a market cap of $83.99 billion and a PE ratio of 24.24. The firm has a 50-day moving average of $131.40 and a 200-day moving average of $128.24.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.92) by $0.48. The company had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $23.22 million. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.62 EPS. On average, equities analysts forecast that Boeing Co. will post $6.31 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 12th will be given 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 other Boeing news, Director Randall L. Stephenson acquired 1,871 shares of the business’s stock in a transaction on Monday, August 1st. The shares were acquired at an average price of $133.89 per share, with a total value of $250,508.19. Following the completion of the transaction, the director now owns 3,721 shares in the company, valued at $498,204.69. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Diana L. Sands sold 14,151 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $133.06, for a total value of $1,882,932.06. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted 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 in the last quarter. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Boeing during the fourth quarter valued at about $1,208,000. Strategic Global Advisors LLC raised its stake in shares of Boeing by 18.0% in the fourth quarter. Strategic Global Advisors LLC now owns 8,782 shares of the aircraft producer’s stock valued at $1,270,000 after buying an additional 1,340 shares during the last quarter. Homrich & Berg raised its stake in shares of Boeing by 10.9% in the fourth quarter. Homrich & Berg now owns 9,235 shares of the aircraft producer’s stock valued at $1,335,000 after buying an additional 908 shares during the last quarter. Finally, Zweig DiMenna Associates LLC raised its stake in shares of Boeing by 12.8% in the fourth quarter. Zweig DiMenna Associates LLC now owns 9,685 shares of the aircraft producer’s stock valued at $1,400,000 after buying an additional 1,100 shares during the last quarter.
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.