Insider Selling: Boeing Company (The) (NYSE:BA) SVP Sells 134 Shares of Stock

Boeing Company (The) (NYSE:BA) SVP Thomas J. Downey sold 134 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Boeing Company (BA) traded down 1.58% during mid-day trading on Wednesday, reaching $234.31. The company had a trading volume of 5,680,369 shares. The firm has a 50-day moving average of $207.88 and a 200-day moving average of $185.18. Boeing Company has a 12-month low of $126.31 and a 12-month high of $246.49. The company has a market capitalization of $138.50 billion, a P/E ratio of 20.53 and a beta of 1.16.

Boeing Company (The) (NYSE:BA) last posted its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. The company had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. Boeing Company (The)’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.44) earnings per share. On average, equities analysts anticipate that Boeing Company will post $9.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a dividend of $1.42 per share. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.42%. Boeing Company (The)’s dividend payout ratio is currently 49.74%.

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A number of hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. raised its stake in shares of Boeing Company (The) by 20.1% in the fourth quarter. Macquarie Group Ltd. now owns 110,050 shares of the aircraft producer’s stock valued at $17,132,000 after buying an additional 18,380 shares during the period. Beacon Financial Group raised its stake in shares of Boeing Company (The) by 6.2% in the first quarter. Beacon Financial Group now owns 4,712 shares of the aircraft producer’s stock valued at $838,000 after buying an additional 274 shares during the period. Bath Savings Trust Co bought a new stake in shares of Boeing Company (The) during the first quarter valued at approximately $207,000. First Financial Bank N.A. Trust Division raised its stake in shares of Boeing Company (The) by 1.7% in the first quarter. First Financial Bank N.A. Trust Division now owns 10,747 shares of the aircraft producer’s stock valued at $1,901,000 after buying an additional 175 shares during the period. Finally, Private Asset Management Inc. bought a new stake in shares of Boeing Company (The) during the first quarter valued at approximately $452,000. Institutional investors and hedge funds own 74.47% of the company’s stock.

Several equities research analysts recently weighed in on the company. Canaccord Genuity raised their price objective on Boeing Company (The) from $162.00 to $170.00 and gave the company a “hold” rating in a report on Tuesday, April 18th. Royal Bank Of Canada raised their price objective on Boeing Company (The) from $138.00 to $146.00 and gave the company an “underperform” rating in a report on Thursday, April 27th. Argus reissued a “buy” rating and set a $270.00 price objective on shares of Boeing Company (The) in a report on Tuesday, August 1st. Zacks Investment Research downgraded Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, Vertical Research reissued a “hold” rating and set a $242.00 price objective (up previously from $187.00) on shares of Boeing Company (The) in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $228.31.

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.

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

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