Investors Buy Shares of Boeing Co. (BA) on Weakness
Investors purchased shares of Boeing Co. (NYSE:BA) on weakness during trading on Friday. $181.88 million flowed into the stock on the tick-up and $133.99 million flowed out of the stock on the tick-down, for a money net flow of $47.89 million into the stock. Of all equities tracked, Boeing had the 3rd highest net in-flow for the day. Boeing traded down ($0.06) for the day and closed at $133.47
A number of research firms have commented on BA. Societe Generale set a $140.00 price target on shares of Boeing and gave the company a “neutral” rating in a research report on Thursday, April 28th. Jefferies Group set a $165.00 price target on shares of Boeing and gave the company a “buy” rating in a research report on Thursday, April 28th. Royal Bank Of Canada restated a “sector perform” rating and issued a $132.00 price target (up from $128.00) on shares of Boeing in a research report on Thursday, April 28th. Argus boosted their price target on shares of Boeing from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, April 28th. Finally, Goldman Sachs Group Inc. set a $101.00 price target on shares of Boeing and gave the company a “sell” rating in a research report on Thursday, April 28th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $147.48.
The company has a 50-day moving average of $130.44 and a 200 day moving average of $127.62. The firm has a market capitalization of $85.02 billion and a price-to-earnings ratio of 18.04.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 27th. The aircraft producer reported $1.74 EPS for the quarter, missing the consensus estimate of $1.83 by $0.09. During the same quarter in the previous year, the company posted $1.97 EPS. The company had revenue of $22.60 billion for the quarter, compared to analyst estimates of $21.90 billion. Boeing’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts forecast that Boeing Co. will post $8.33 EPS for the current fiscal year.
The firm 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 is Wednesday, August 10th. This represents a $4.36 annualized dividend and a yield of 3.27%.
In other news, SVP Thomas J. Downey sold 6,047 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $134.00, for a total value of $810,298.00. Following the transaction, the senior vice president now owns 39,167 shares in the company, valued at approximately $5,248,378. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy John Keating sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $131.61, for a total transaction of $2,632,200.00. Following the completion of the transaction, the senior vice president now owns 70,096 shares in the company, valued at approximately $9,225,334.56. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have recently modified their holdings of the company. Roof Eidam & Maycock ADV increased its position in shares of Boeing by 1.3% in the fourth quarter. Roof Eidam & Maycock ADV now owns 7,543 shares of the aircraft producer’s stock worth $1,091,000 after buying an additional 100 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake 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. Mark Sheptoff Financial Planning LLC raised its stake 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 in the last quarter. Hallmark Capital Management Inc. bought a new stake in Boeing during the fourth quarter valued at $1,142,000. Finally, Bronfman E.L. Rothschild L.P. bought a new stake in Boeing during the fourth quarter valued at $1,208,000.
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.