The Boeing Company (NYSE:BA) EVP Jeffrey S. Shockey Sells 3,205 Shares of Stock

The Boeing Company (NYSE:BA) EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now owns 20,513 shares of the company’s stock, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Boeing Trading Up 0.7%

Shares of Boeing stock opened at $206.20 on Friday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $209.66. The stock has a market cap of $155.48 billion, a PE ratio of -11.26 and a beta of 1.41. The company’s 50-day moving average price is $170.78 and its two-hundred day moving average price is $168.18.

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

Analyst Ratings Changes

Several brokerages recently issued reports on BA. Sanford C. Bernstein raised Boeing from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $181.00 to $218.00 in a report on Monday, April 28th. Citigroup raised their target price on Boeing from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Benchmark lowered their price target on shares of Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, April 21st. Finally, StockNews.com upgraded shares of Boeing from a “sell” rating to a “hold” rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $203.60.

Institutional Investors Weigh In On Boeing

A number of institutional investors and hedge funds have recently modified their holdings of BA. Vanguard Group Inc. increased its position 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 worth $11,406,361,000 after acquiring an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC boosted its stake in Boeing by 29.5% in the 4th 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 during the period. Castlekeep Investment Advisors LLC acquired a new position in Boeing in the 4th quarter worth approximately $568,000. Alyeska Investment Group L.P. purchased a new position in Boeing during the 4th quarter worth approximately $526,889,000. Finally, Zimmer Partners LP acquired a new stake in Boeing during the 4th quarter valued at $393,736,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.