Insider Selling: Boeing Co (BA) CFO Sells 36,079 Shares of Stock

Boeing Co (NYSE:BA) CFO Gregory D. Smith sold 36,079 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Boeing Co (NYSE BA) opened at $344.85 on Thursday. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37. Boeing Co has a 12-month low of $168.35 and a 12-month high of $361.45. The company has a market capitalization of $205,390.00, a price-to-earnings ratio of 29.40, a P/E/G ratio of 1.88 and a beta of 1.44.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, topping the Zacks’ consensus estimate of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The company had revenue of $25.37 billion for the quarter, compared to analysts’ expectations of $24.78 billion. During the same quarter last year, the business earned $2.47 earnings per share. Boeing’s revenue was up 8.9% on a year-over-year basis. analysts expect that Boeing Co will post 14.03 EPS for the current fiscal year.

Boeing declared that its Board of Directors has approved a share buyback program on Monday, December 11th that authorizes the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization authorizes the aircraft producer to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be given a $1.71 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio (DPR) is presently 58.31%.

BA has been the subject of several research reports. Buckingham Research set a $289.00 price target on Boeing and gave the company a “hold” rating in a report on Thursday, February 8th. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $330.00 price target for the company in a report on Tuesday, January 2nd. Canaccord Genuity reaffirmed a “hold” rating and set a $345.00 price target (up previously from $290.00) on shares of Boeing in a report on Thursday, February 1st. Robert W. Baird set a $433.00 price target on Boeing and gave the company a “buy” rating in a report on Tuesday, January 16th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. set a $325.00 price target on Boeing and gave the company a “buy” rating in a report on Tuesday, December 12th. Ten research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Boeing presently has a consensus rating of “Buy” and a consensus target price of $353.24.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Riverpoint Wealth Management Holdings LLC boosted its stake in Boeing by 0.3% in the second quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock valued at $293,000 after buying an additional 4 shares in the last quarter. Accredited Investors Inc. boosted its stake in Boeing by 0.4% in the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock valued at $325,000 after buying an additional 6 shares in the last quarter. Arete Wealth Advisors LLC boosted its stake in Boeing by 0.4% in the second quarter. Arete Wealth Advisors LLC now owns 2,404 shares of the aircraft producer’s stock valued at $475,000 after buying an additional 9 shares in the last quarter. High Falls Advisors Inc boosted its stake in Boeing by 0.3% in the second quarter. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer’s stock valued at $696,000 after buying an additional 11 shares in the last quarter. Finally, Arcus Capital Partners LLC boosted its stake in Boeing by 0.7% in the second quarter. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer’s stock valued at $324,000 after buying an additional 12 shares in the last quarter. Institutional investors own 70.45% of the company’s stock.

WARNING: “Insider Selling: Boeing Co (BA) CFO Sells 36,079 Shares of Stock” was first reported by Markets Daily and is owned by of Markets Daily. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.themarketsdaily.com/2018/02/15/insider-selling-boeing-co-ba-cfo-sells-36079-shares-of-stock.html.

Boeing Company Profile

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.

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

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply