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

Investors sold shares of Boeing Company (The) (NYSE:BA) on strength during trading on Wednesday. $132.61 million flowed into the stock on the tick-up and $249.70 million flowed out of the stock on the tick-down, for a money net flow of $117.09 million out of the stock. Of all equities tracked, Boeing Company (The) had the 0th highest net out-flow for the day. Boeing Company (The) traded up $0.51 for the day and closed at $261.44

A number of research firms have issued reports on BA. Vetr cut shares of Boeing Company (The) from a “hold” rating to a “sell” rating and set a $253.54 price target for the company. in a report on Thursday. Zacks Investment Research raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $289.00 price target for the company in a report on Tuesday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $300.00 price target on shares of Boeing Company (The) in a report on Friday, October 6th. Canaccord Genuity reaffirmed a “hold” rating and issued a $235.00 price target on shares of Boeing Company (The) in a report on Thursday, October 5th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $315.00 price target on shares of Boeing Company (The) in a report on Friday, October 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. Boeing Company (The) presently has an average rating of “Hold” and a consensus price target of $240.77.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business’s revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.44) EPS.

In other news, Chairman Dennis A. Muilenburg sold 56,838 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $243.46, for a total value of $13,837,779.48. Following the completion of the transaction, the chairman now owns 127,778 shares in the company, valued at approximately $31,108,831.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of the stock in a transaction dated 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 sold a total of 83,468 shares of company stock valued at $20,353,814 in the last quarter. Insiders own 0.28% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clear Perspective Advisors LLC grew its stake in Boeing Company (The) by 31.0% in the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after acquiring an additional 135 shares during the last quarter. Proficio Capital Partners LLC grew its stake in Boeing Company (The) by 181.9% in the 1st quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after acquiring an additional 402 shares during the last quarter. CWH Capital Management Inc. acquired a new stake in Boeing Company (The) in the 2nd quarter valued at about $134,000. Catamount Wealth Management acquired a new stake in Boeing Company (The) in the 2nd quarter valued at about $138,000. Finally, MCF Advisors LLC grew its stake in Boeing Company (The) by 9.5% in the 1st quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after acquiring an additional 62 shares during the last quarter. 72.17% of the stock is currently owned by hedge funds and other institutional investors.

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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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