Traders Sell Shares of Boeing Co. (BA) on Strength (BA)
Traders sold shares of Boeing Co. (NYSE:BA) on strength during trading hours on Tuesday. $61.16 million flowed into the stock on the tick-up and $87.38 million flowed out of the stock on the tick-down, for a money net flow of $26.22 million out of the stock. Of all equities tracked, Boeing had the 0th highest net out-flow for the day. Boeing traded up $0.67 for the day and closed at $132.90
A number of equities research analysts recently issued reports on BA shares. Goldman Sachs Group Inc. set a $107.00 price target on Boeing and gave the stock a “sell” rating in a research report on Tuesday. Vetr downgraded Boeing from a “hold” rating to a “sell” rating and set a $126.07 price target on the stock. in a research report on Wednesday, August 24th. Jefferies Group reissued a “buy” rating and set a $133.53 price target (down previously from $165.00) on shares of Boeing in a research report on Friday, July 22nd. JPMorgan Chase & Co. set a $140.00 price target on Boeing and gave the stock a “neutral” rating in a research report on Monday, July 4th. Finally, Morgan Stanley started coverage on Boeing in a research report on Thursday, June 23rd. They set an “overweight” rating and a $153.00 price target on the stock. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $149.74.
The stock’s 50-day moving average price is $133.14 and its 200-day moving average price is $129.48. The company has a market capitalization of $81.60 billion and a price-to-earnings ratio of 23.55.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.48. During the same quarter in the previous year, the company earned $1.62 earnings per share. The business had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $23.22 million. The business’s quarterly revenue was up .9% on a year-over-year basis. Analysts expect that Boeing Co. will post $6.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 12th will be given 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 yield of 3.33%.
In other news, Director Randall L. Stephenson bought 1,871 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was bought at an average cost of $133.89 per share, for a total transaction of $250,508.19. Following the completion of the acquisition, the director now owns 3,721 shares in the company, valued at approximately $498,204.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Diana L. Sands sold 14,151 shares of the stock in a transaction dated Monday, August 1st. The stock was 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 have recently bought and sold shares of BA. I.G. Investment Management LTD. raised 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 in the last quarter. Redwood Investments LLC raised its stake in Boeing by 117,226.6% in the fourth quarter. Redwood Investments LLC now owns 92,688 shares of the aircraft producer’s stock worth $13,402,000 after buying an additional 92,609 shares in the last quarter. American International Group Inc. raised its stake in Boeing by 0.3% in the fourth quarter. American International Group Inc. now owns 276,262 shares of the aircraft producer’s stock worth $39,944,000 after buying an additional 701 shares in the last quarter. KBC Group NV raised its stake in Boeing by 0.5% in the fourth quarter. KBC Group NV now owns 152,009 shares of the aircraft producer’s stock worth $21,979,000 after buying an additional 694 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its stake in Boeing by 7.9% in the fourth quarter. State of Tennessee Treasury Department now owns 579,295 shares of the aircraft producer’s stock worth $83,760,000 after buying an additional 42,408 shares in 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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