David Christopher Raymond Sells 3,899 Shares of The Boeing Company (NYSE:BA) Stock

The Boeing Company (NYSE:BA) EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Boeing Trading Down 0.2 %

Boeing stock opened at $186.13 on Wednesday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The firm’s fifty day simple moving average is $165.66 and its 200-day simple moving average is $166.25. The company has a market capitalization of $140.35 billion, a P/E ratio of -10.16 and a beta of 1.40.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.13) EPS. On average, equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Institutional Investors Weigh In On Boeing

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock worth $2,677,170,000 after purchasing an additional 3,452,075 shares in the last quarter. Northern Trust Corp lifted its holdings in Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer’s stock worth $1,151,316,000 after buying an additional 1,634,231 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer’s stock valued at $890,469,000 after acquiring an additional 164,042 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Boeing by 30.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock valued at $739,585,000 after purchasing an additional 981,796 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of several analyst reports. UBS Group lifted their target price on shares of Boeing from $190.00 to $207.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. TD Securities reiterated a “buy” rating and set a $180.00 price objective on shares of Boeing in a research report on Thursday, April 24th. Citigroup increased their target price on Boeing from $210.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Sanford C. Bernstein upgraded Boeing from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $181.00 to $218.00 in a report on Monday, April 28th. Finally, Melius raised Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $200.90.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.