Traders Sell Shares of Boeing Co. (BA) on Strength (BA)
Investors sold shares of Boeing Co. (NYSE:BA) on strength during trading on Monday. $61.27 million flowed into the stock on the tick-up and $101.32 million flowed out of the stock on the tick-down, for a money net flow of $40.05 million out of the stock. Of all stocks tracked, Boeing had the 9th highest net out-flow for the day. Boeing traded up $0.55 for the day and closed at $134.99
Several equities research analysts have commented on BA shares. Argus upped their price objective on Boeing from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, April 28th. Jefferies Group set a $165.00 price objective on Boeing and gave the stock a “buy” rating in a research report on Thursday, April 28th. Vetr upgraded Boeing from a “hold” rating to a “buy” rating and set a $137.79 price objective on the stock in a research report on Wednesday, May 4th. Drexel Hamilton restated a “buy” rating and issued a $158.00 price objective on shares of Boeing in a research report on Thursday, April 28th. Finally, Sterne Agee CRT restated a “buy” rating on shares of Boeing in a research report on Monday, May 16th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $149.92.
The company has a market capitalization of $84.21 billion and a price-to-earnings ratio of 24.30. The stock’s 50-day moving average is $132.57 and its 200 day moving average is $128.74.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.48. The firm had revenue of $24.80 million for the quarter, compared to analyst estimates of $23.22 million. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 earnings per share. On average, equities analysts expect that Boeing Co. will post $6.31 earnings per share for the current fiscal year.
The business also recently disclosed 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. This represents a $4.36 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Wednesday, August 10th.
In other news, SVP Diana L. Sands sold 14,151 shares of the firm’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Randall L. Stephenson bought 1,871 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was acquired at an average cost of $133.89 per share, with a total value of $250,508.19. Following the transaction, the director now owns 3,721 shares of the company’s stock, valued at $498,204.69. The disclosure for this purchase can be found here.
Several hedge funds have modified their holdings of the company. Jennison Associates LLC boosted its stake in shares of Boeing by 0.7% in the fourth quarter. Jennison Associates LLC now owns 9,969,929 shares of the aircraft producer’s stock valued at $1,441,552,000 after buying an additional 66,537 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Boeing by 0.9% in the fourth quarter. Wells Fargo & Company MN now owns 6,957,081 shares of the aircraft producer’s stock valued at $1,005,925,000 after buying an additional 59,454 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Boeing by 8.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,218,320 shares of the aircraft producer’s stock valued at $320,747,000 after buying an additional 165,682 shares during the period. I.G. Investment Management LTD. boosted its stake in shares of Boeing by 3.6% in the fourth quarter. I.G. Investment Management LTD. now owns 1,661,814 shares of the aircraft producer’s stock valued at $240,282,000 after buying an additional 58,304 shares during the period. Finally, Eaton Vance Management boosted its stake in shares of Boeing by 1.4% in the fourth quarter. Eaton Vance Management now owns 1,368,021 shares of the aircraft producer’s stock valued at $197,802,000 after buying an additional 18,913 shares during the period.
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.
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