Uma M. Amuluru Sells 3,159 Shares of The Boeing Company (NYSE:BA) Stock

The Boeing Company (NYSE:BA) EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Boeing Price Performance

Boeing stock opened at $177.34 on Monday. The stock has a market capitalization of $133.02 billion, a price-to-earnings ratio of -9.68 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10. The business has a fifty day moving average price of $176.74 and a 200-day moving average price of $164.39.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BA shares. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Wells Fargo & Company raised their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. UBS Group raised their price objective on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Institutional Trading of Boeing

A number of institutional investors have recently made changes to their positions in BA. Allspring Global Investments Holdings LLC raised its stake in Boeing by 90.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 71,090 shares of the aircraft producer’s stock worth $10,809,000 after acquiring an additional 33,695 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Boeing by 10.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 23,217 shares of the aircraft producer’s stock worth $3,530,000 after acquiring an additional 2,179 shares during the last quarter. MFA Wealth Advisors LLC raised its stake in Boeing by 967.8% in the 3rd quarter. MFA Wealth Advisors LLC now owns 16,027 shares of the aircraft producer’s stock worth $2,437,000 after acquiring an additional 14,526 shares during the last quarter. Capital Investment Counsel Inc raised its stake in Boeing by 18.4% in the 3rd quarter. Capital Investment Counsel Inc now owns 2,375 shares of the aircraft producer’s stock worth $361,000 after acquiring an additional 369 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Boeing by 289.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock valued at $2,558,790,000 after buying an additional 1,251,165 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

About Boeing

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.