Traders Sell Boeing Company (The) (BA) on Strength (BA)

Traders sold shares of Boeing Company (The) (NYSE:BA) on strength during trading on Monday. $84.27 million flowed into the stock on the tick-up and $168.64 million flowed out of the stock on the tick-down, for a money net flow of $84.37 million out of the stock. Of all stocks tracked, Boeing Company (The) had the 0th highest net out-flow for the day. Boeing Company (The) traded up $0.04 for the day and closed at $212.18

BA has been the topic of a number of recent research reports. Credit Suisse Group restated a “hold” rating and issued a $200.00 target price on shares of Boeing Company (The) in a research note on Thursday, April 27th. Royal Bank Of Canada upped their target price on Boeing Company (The) from $138.00 to $146.00 and gave the stock an “underperform” rating in a research note on Thursday, April 27th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $134.00 price target on shares of Boeing Company (The) in a research report on Thursday, April 27th. Canaccord Genuity reiterated a “hold” rating and set a $170.00 price target on shares of Boeing Company (The) in a research report on Thursday, April 27th. Finally, Deutsche Bank AG increased their price target on Boeing Company (The) from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. Boeing Company (The) currently has a consensus rating of “Hold” and an average price target of $230.62.

The stock has a 50 day moving average of $222.49 and a 200-day moving average of $191.63. The firm has a market capitalization of $139.36 billion, a P/E ratio of 20.66 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, topping analysts’ consensus estimates 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 firm had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. During the same quarter last year, the business posted ($0.44) EPS. The company’s revenue was down 8.1% on a year-over-year basis. Equities analysts expect that Boeing Company will post $9.99 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio (DPR) is currently 49.74%.

In other Boeing Company (The) news, SVP Heidi B. Capozzi sold 4,217 shares of Boeing Company (The) stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total transaction of $1,018,447.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction on Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The disclosure for this sale can be found here. Insiders have sold a total of 83,468 shares of company stock valued at $20,353,814 in the last three months. Company insiders own 0.28% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Boeing Company (The) by 1.0% in the second quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock worth $7,991,613,000 after buying an additional 407,511 shares in the last quarter. State Street Corp increased its position in Boeing Company (The) by 0.3% in the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock worth $5,028,731,000 after buying an additional 87,850 shares in the last quarter. Janus Henderson Group PLC increased its position in Boeing Company (The) by 7,215.0% in the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after buying an additional 4,852,679 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Boeing Company (The) by 4.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,066,519 shares of the aircraft producer’s stock worth $606,405,000 after buying an additional 123,420 shares in the last quarter. Finally, LSV Asset Management increased its position in Boeing Company (The) by 0.7% in the second quarter. LSV Asset Management now owns 3,006,858 shares of the aircraft producer’s stock worth $594,606,000 after buying an additional 21,804 shares in the last quarter. Institutional investors and hedge funds own 74.44% 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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