Boeing (NYSE:BA) SVP Ann Schmidt Sells 6,281 Shares

The Boeing Company (NYSE:BAGet Free Report) SVP Ann Schmidt sold 6,281 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total value of $1,528,606.97. Following the transaction, the senior vice president directly owned 13,978 shares in the company, valued at approximately $3,401,825.86. This represents a 31.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Boeing Trading Up 0.3%

Boeing stock traded up $0.80 during trading on Friday, hitting $234.51. The company’s stock had a trading volume of 993,095 shares, compared to its average volume of 7,741,465. The stock’s fifty day moving average is $231.99 and its 200 day moving average is $219.83. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $254.35. The stock has a market capitalization of $184.17 billion, a price-to-earnings ratio of 116.75 and a beta of 1.15.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, beating the consensus estimate of ($0.40) by $10.32. The business had revenue of $23.95 billion during the quarter, compared to analysts’ expectations of $22.41 billion. The firm’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($5.90) EPS. As a group, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BA. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a report on Wednesday, January 28th. UBS Group lifted their target price on Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. Royal Bank Of Canada raised their price objective on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Finally, Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.14.

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Key Boeing News

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Institutional Trading of Boeing

Several large investors have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new stake in Boeing during the third quarter valued at approximately $25,000. Strive Financial Group LLC bought a new stake in shares of Boeing in the 4th quarter valued at approximately $25,000. Ares Financial Consulting LLC acquired a new stake in shares of Boeing during the 4th quarter valued at approximately $26,000. CrossGen Wealth LLC bought a new position in Boeing during the fourth quarter worth $26,000. Finally, Strategic Wealth Advisors LLC acquired a new position in Boeing in the fourth quarter worth $27,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Company Profile

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Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

Further Reading

Insider Buying and Selling by Quarter for Boeing (NYSE:BA)

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