Investors Buy Shares of Boeing Company (The) (BA) on Weakness on Insider Selling

Investors bought shares of Boeing Company (The) (NYSE:BA) on weakness during trading on Thursday following insider selling activity. $433.86 million flowed into the stock on the tick-up and $283.44 million flowed out of the stock on the tick-down, for a money net flow of $150.42 million into the stock. Of all companies tracked, Boeing Company (The) had the highest net in-flow for the day. Boeing Company (The) traded down ($1.43) for the day and closed at $232.88Specifically, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the completion of the sale, the chairman now owns 127,778 shares in the company, valued at $31,108,831.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,468 shares of company stock worth $20,353,814. Insiders own 0.28% of the company’s stock.

A number of analysts have recently weighed in on BA shares. Zacks Investment Research upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a report on Tuesday, July 11th. Deutsche Bank AG boosted their target price on shares of Boeing Company (The) from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Berenberg Bank set a $245.00 target price on shares of Boeing Company (The) and gave the stock a “buy” rating in a report on Friday, July 21st. Cowen and Company restated an “outperform” rating and issued a $215.00 target price on shares of Boeing Company (The) in a report on Thursday, May 11th. Finally, Credit Suisse Group restated a “sell” rating on shares of Boeing Company (The) in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. Boeing Company (The) has a consensus rating of “Hold” and an average target price of $228.31.

The firm has a 50 day moving average of $215.17 and a 200 day moving average of $188.23. The firm has a market capitalization of $137.65 billion, a PE ratio of 20.40 and a beta of 1.16.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. During the same quarter last year, the firm posted ($0.44) earnings per share. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts expect that Boeing Company will post $9.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a $1.42 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.44%. Boeing Company (The)’s dividend payout ratio is currently 49.74%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Proficio Capital Partners LLC increased its position in shares of Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after buying an additional 402 shares in the last quarter. Vantage Investment Advisors LLC increased its position in shares of Boeing Company (The) by 11.1% in the second quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock worth $123,000 after buying an additional 84 shares in the last quarter. MCF Advisors LLC increased its position in shares of Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after buying an additional 62 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after buying an additional 107 shares in the last quarter. Finally, Catamount Wealth Management purchased a new position in shares of Boeing Company (The) during the second quarter worth about $138,000. Institutional investors own 74.47% of the company’s stock.

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About Boeing Company (The)

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

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