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.