Traders Sell Boeing Co. (BA) on Strength (BA)
Investors sold shares of Boeing Co. (NYSE:BA) on strength during trading on Thursday. $65.30 million flowed into the stock on the tick-up and $97.05 million flowed out of the stock on the tick-down, for a money net flow of $31.75 million out of the stock. Of all companies tracked, Boeing had the 0th highest net out-flow for the day. Boeing traded up $0.45 for the day and closed at $129.90
Several equities analysts have weighed in on BA shares. Vetr downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $138.03 price target on the stock. in a report on Monday, May 9th. Goldman Sachs Group Inc. set a $107.00 price objective on shares of Boeing and gave the company a “sell” rating in a research report on Tuesday. Jefferies Group reiterated a “buy” rating and set a $165.00 price objective on shares of Boeing in a research report on Friday, August 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $145.00 price objective on shares of Boeing in a research report on Sunday, July 31st. Finally, Canaccord Genuity reiterated a “hold” rating and set a $144.00 price objective on shares of Boeing in a research report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $149.74.
The firm has a market capitalization of $81.03 billion and a P/E ratio of 23.38. The firm has a 50 day moving average price of $133.10 and a 200-day moving average price of $129.48.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.48. The firm earned $24.80 million during the quarter, compared to analysts’ expectations of $23.22 million. During the same quarter in the previous year, the business posted $1.62 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts anticipate that Boeing Co. will post $6.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 12th will be issued a $1.09 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $4.36 dividend on an annualized basis and a yield of 3.36%.
In other Boeing 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Randall L. Stephenson acquired 1,871 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was purchased at an average price of $133.89 per share, for a total transaction of $250,508.19. Following the acquisition, the director now directly owns 3,721 shares in the company, valued at approximately $498,204.69. The disclosure for this purchase can be found here.
A number of hedge funds and institutional investors have recently made changes to their positions in BA. Homrich & Berg raised its position in shares of Boeing by 10.9% in the fourth quarter. Homrich & Berg now owns 9,235 shares of the aircraft producer’s stock worth $1,335,000 after buying an additional 908 shares during the last quarter. Frontier Investment Mgmt Co. increased its stake in shares of Boeing by 2.2% in the fourth quarter. Frontier Investment Mgmt Co. now owns 17,212 shares of the aircraft producer’s stock worth $2,489,000 after buying an additional 363 shares during the period. Matarin Capital Management LLC bought a new stake in shares of Boeing during the fourth quarter worth about $2,515,000. Stephens Inc. AR increased its stake in shares of Boeing by 1.9% in the fourth quarter. Stephens Inc. AR now owns 23,606 shares of the aircraft producer’s stock worth $3,413,000 after buying an additional 435 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Boeing by 62.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,100 shares of the aircraft producer’s stock worth $4,786,000 after buying an additional 12,700 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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