Traders Sell Boeing Co. (BA) on Strength (BA)
Traders sold shares of Boeing Co. (NYSE:BA) on strength during trading on Thursday. $56.46 million flowed into the stock on the tick-up and $107.46 million flowed out of the stock on the tick-down, for a money net flow of $51.00 million out of the stock. Of all stocks tracked, Boeing had the 0th highest net out-flow for the day. Boeing traded up $0.72 for the day and closed at $133.00
Several equities analysts recently weighed in on the company. Societe Generale set a $140.00 price objective on Boeing and gave the stock a “neutral” rating in a research report on Thursday, April 28th. Bank of America Corp. cut Boeing from a “neutral” rating to an “underperform” rating and set a $125.00 price objective for the company. in a research report on Wednesday, April 20th. Jefferies Group reissued a “buy” rating on shares of Boeing in a research report on Sunday, May 22nd. Vetr upgraded Boeing from a “hold” rating to a “buy” rating and set a $137.79 price target on the stock in a research note on Wednesday, May 4th. Finally, Drexel Hamilton restated a “buy” rating and set a $158.00 price target on shares of Boeing in a research note on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. Boeing currently has a consensus rating of “Hold” and a consensus price target of $148.42.
The company has a market cap of $83.03 billion and a P/E ratio of 23.96. The firm’s 50-day moving average price is $131.16 and its 200-day moving average price is $128.04.
Boeing (NYSE:BA) last released its quarterly earnings results 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 business earned $24.80 million during the quarter, compared to analyst estimates of $23.22 million. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.62 earnings per share. On average, analysts forecast that Boeing Co. will post $6.30 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 12th will be paid a $1.09 dividend. The ex-dividend date is Wednesday, August 10th. This represents a $4.36 dividend on an annualized basis and a yield of 3.28%.
In other news, Director Randall L. Stephenson acquired 1,871 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were acquired at an average cost of $133.89 per share, with a total value of $250,508.19. Following the completion of the purchase, the director now directly owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Diana L. Sands sold 14,151 shares of Boeing stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $133.06, for a total transaction of $1,882,932.06. The disclosure for this sale can be found here.
Several hedge funds recently bought and sold shares of BA. Vanguard Group Inc. boosted its stake in Boeing by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 38,296,605 shares of the aircraft producer’s stock worth $5,537,306,000 after buying an additional 435,466 shares during the last quarter. Jennison Associates LLC boosted its stake in Boeing by 0.7% in the fourth quarter. Jennison Associates LLC now owns 9,969,929 shares of the aircraft producer’s stock worth $1,441,552,000 after buying an additional 66,537 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Boeing by 0.9% in the fourth quarter. Wells Fargo & Company MN now owns 6,957,081 shares of the aircraft producer’s stock worth $1,005,925,000 after buying an additional 59,454 shares during the last quarter. Bank of Montreal Can boosted its stake in Boeing by 18.7% in the fourth quarter. Bank of Montreal Can now owns 2,998,894 shares of the aircraft producer’s stock worth $433,609,000 after buying an additional 472,410 shares during the last quarter. Finally, I.G. Investment Management LTD. boosted its stake in 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 worth $240,282,000 after buying an additional 58,304 shares during the last quarter.
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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