Traders Sell Shares of Boeing Co. (BA) on Strength (BA)
Investors sold shares of Boeing Co. (NYSE:BA) on strength during trading hours on Tuesday. $126.34 million flowed into the stock on the tick-up and $144.41 million flowed out of the stock on the tick-down, for a money net flow of $18.07 million out of the stock. Of all stocks tracked, Boeing had the 0th highest net out-flow for the day. Boeing traded up $1.91 for the day and closed at $134.85
BA has been the subject of a number of analyst reports. JPMorgan Chase & Co. set a $140.00 price objective on shares of Boeing and gave the company a “neutral” rating in a research report on Monday, July 4th. Jefferies Group restated a “buy” rating and issued a $133.53 target price (down from $165.00) on shares of Boeing in a report on Friday, July 22nd. Morgan Stanley began coverage on shares of Boeing in a report on Thursday, June 23rd. They issued an “overweight” rating and a $153.00 target price for the company. Goldman Sachs Group Inc. set a $100.00 target price on shares of Boeing and gave the company a “sell” rating in a report on Friday, July 22nd. Finally, Vetr downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $135.34 target price for the company. in a report on Wednesday, April 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $147.66.
The stock has a market capitalization of $85.90 billion and a price-to-earnings ratio of 18.22. The company has a 50-day moving average of $130.68 and a 200-day moving average of $127.48.
Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) EPS for the quarter, missing the consensus estimate of $2.15 by $2.59. The business earned $24.80 million during the quarter, compared to the consensus estimate of $23.22 million. Equities research analysts expect that Boeing Co. will post $5.33 EPS 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 $1.09 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $4.36 annualized dividend and a dividend yield of 3.23%.
In other news, SVP John J. Tracy sold 22,341 shares of the firm’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $133.60, for a total value of $2,984,757.60. Following the sale, the senior vice president now owns 22,372 shares in the company, valued at $2,988,899.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Randall L. Stephenson acquired 1,850 shares of the 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 owns 1,850 shares of the company’s stock, valued at approximately $244,477.50. The disclosure for this purchase can be found here.
Several large investors recently made changes to their positions in BA. Westfield Capital Management Co. LP increased its stake in shares of Boeing by 0.9% in the fourth quarter. Westfield Capital Management Co. LP now owns 33,930 shares of the aircraft producer’s stock valued at $4,906,000 after buying an additional 300 shares during the last quarter. KBC Group NV boosted its position in shares of Boeing by 0.5% in the fourth quarter. KBC Group NV now owns 152,009 shares of the aircraft producer’s stock valued at $21,979,000 after buying an additional 694 shares during the period. State of Tennessee Treasury Department boosted its position in shares of Boeing by 7.9% in the fourth quarter. State of Tennessee Treasury Department now owns 579,295 shares of the aircraft producer’s stock valued at $83,760,000 after buying an additional 42,408 shares during the period. Affinity Investment Advisors LLC boosted its position in shares of Boeing by 2.9% in the fourth quarter. Affinity Investment Advisors LLC now owns 133,668 shares of the aircraft producer’s stock valued at $19,327,000 after buying an additional 3,751 shares during the period. Finally, Buckingham Capital Management Inc. boosted its position in shares of Boeing by 24.0% in the third quarter. Buckingham Capital Management Inc. now owns 14,699 shares of the aircraft producer’s stock valued at $1,925,000 after buying an additional 2,849 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.