Investors Sell Shares of Boeing (BA) on Strength (BA)
Investors sold shares of Boeing Co (NYSE:BA) on strength during trading on Thursday. $404.64 million flowed into the stock on the tick-up and $495.18 million flowed out of the stock on the tick-down, for a money net flow of $90.54 million out of the stock. Of all stocks tracked, Boeing had the 0th highest net out-flow for the day. Boeing traded up $2.55 for the day and closed at $380.07
Several analysts have recently weighed in on the stock. UBS Group reissued a “buy” rating and issued a $525.00 price target (up previously from $500.00) on shares of Boeing in a research note on Thursday, February 28th. Morgan Stanley increased their price target on shares of Boeing from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, February 28th. Argus upped their price objective on shares of Boeing from $420.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. JPMorgan Chase & Co. upped their price objective on shares of Boeing to $450.00 and gave the stock an “overweight” rating in a report on Monday, February 11th. Finally, Edward Jones lowered shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $411.47.
The firm has a market capitalization of $214.54 billion, a PE ratio of 23.74, a P/E/G ratio of 1.97 and a beta of 1.33. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 25.99.
In other Boeing news, EVP J Michael Luttig sold 8,500 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $410.46, for a total transaction of $3,488,910.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Heidi B. Capozzi sold 2,916 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $410.84, for a total transaction of $1,198,009.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,247 shares of company stock worth $28,922,977. 0.23% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC increased its position in shares of Boeing by 153.7% in the 1st quarter. Clear Harbor Asset Management LLC now owns 4,874 shares of the aircraft producer’s stock valued at $1,859,000 after purchasing an additional 2,953 shares during the last quarter. BLB&B Advisors LLC increased its position in shares of Boeing by 6.8% in the 1st quarter. BLB&B Advisors LLC now owns 26,027 shares of the aircraft producer’s stock valued at $9,927,000 after purchasing an additional 1,651 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new stake in shares of Boeing in the 1st quarter valued at approximately $42,000. Cypress Wealth Services LLC increased its position in shares of Boeing by 3.0% in the 1st quarter. Cypress Wealth Services LLC now owns 5,424 shares of the aircraft producer’s stock valued at $2,069,000 after purchasing an additional 160 shares during the last quarter. Finally, Asset Dedication LLC increased its position in shares of Boeing by 3.1% in the 1st quarter. Asset Dedication LLC now owns 14,110 shares of the aircraft producer’s stock valued at $5,394,000 after purchasing an additional 425 shares during the last quarter. Institutional investors own 69.76% of the company’s stock.
About Boeing (NYSE:BA)
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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