Boeing Company (The) (BA) SVP Thomas J. Downey Sells 134 Shares

Boeing Company (The) (NYSE:BA) SVP Thomas J. Downey sold 134 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Boeing Company (BA) traded up 0.86% on Friday, reaching $234.88. The company’s stock had a trading volume of 3,461,663 shares. Boeing Company has a 12-month low of $126.31 and a 12-month high of $246.49. The firm has a 50 day moving average price of $217.15 and a 200-day moving average price of $189.10. The stock has a market cap of $138.83 billion, a PE ratio of 20.58 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 EPS for the quarter, topping the consensus estimate of $2.32 by $0.23. The firm had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. Boeing Company (The)’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the company earned ($0.44) earnings per share. Equities research analysts expect that Boeing Company will post $9.95 EPS for the current year.

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

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BA has been the subject of a number of research reports. Zacks Investment Research upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a report on Tuesday, July 11th. Deutsche Bank AG increased their price objective on Boeing Company (The) from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Berenberg Bank set a $245.00 price objective on Boeing Company (The) and gave the stock a “buy” rating in a report on Friday, July 21st. Cowen and Company reiterated an “outperform” rating and issued a $215.00 price objective on shares of Boeing Company (The) in a report on Thursday, May 11th. Finally, Credit Suisse Group reiterated a “sell” rating on shares of Boeing Company (The) in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Boeing Company (The) presently has a consensus rating of “Hold” and an average target price of $228.31.

A number of hedge funds have recently bought and sold shares of BA. Harbour Capital Advisors LLC raised its stake in Boeing Company (The) by 18,613.5% in the second quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock valued at $6,787,000 after buying an additional 1,334,957 shares during the period. AQR Capital Management LLC raised its stake in Boeing Company (The) by 66.5% in the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after buying an additional 1,049,546 shares during the period. Bank of Montreal Can raised its stake in Boeing Company (The) by 30.6% in the first quarter. Bank of Montreal Can now owns 2,968,297 shares of the aircraft producer’s stock valued at $524,974,000 after buying an additional 694,658 shares during the period. Principal Financial Group Inc. raised its stake in Boeing Company (The) by 63.7% in the second quarter. Principal Financial Group Inc. now owns 1,442,748 shares of the aircraft producer’s stock valued at $285,303,000 after buying an additional 561,343 shares during the period. Finally, Swiss National Bank raised its stake in Boeing Company (The) by 25.2% in the first quarter. Swiss National Bank now owns 2,077,391 shares of the aircraft producer’s stock valued at $367,407,000 after buying an additional 418,500 shares during the period. 74.47% of the stock is currently owned by hedge funds and other institutional investors.

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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