Uma Amuluru Sells 1,366 Shares of Boeing (NYSE:BA) Stock

The Boeing Company (NYSE:BA) EVP Uma Amuluru sold 1,366 shares of Boeing stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the transaction, the executive vice president owned 14,656 shares in the company, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Boeing Price Performance

Shares of Boeing stock opened at $195.23 on Wednesday. The company’s 50 day moving average price is $215.00 and its two-hundred day moving average price is $214.64. The firm has a market capitalization of $148.39 billion, a P/E ratio of -14.27 and a beta of 1.44. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter last year, the business posted ($10.44) earnings per share. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. On average, analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Sanford C. Bernstein lifted their target price on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a report on Thursday, October 30th. Loop Capital set a $223.00 target price on Boeing in a report on Monday, November 3rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $250.00 price target on shares of Boeing in a research note on Monday, September 29th. Finally, Susquehanna reiterated a “positive” rating and issued a $270.00 target price on shares of Boeing in a research note on Monday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $241.80.

Hedge Funds Weigh In On Boeing

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wallace Advisory Group LLC raised its position in Boeing by 1.2% during the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after purchasing an additional 44 shares during the last quarter. Aspire Capital Advisors LLC boosted its position in shares of Boeing by 0.8% in the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after purchasing an additional 45 shares in the last quarter. Lantz Financial LLC grew its stake in shares of Boeing by 1.5% in the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after acquiring an additional 46 shares during the last quarter. Blue Barn Wealth LLC raised its position in Boeing by 1.8% in the 2nd quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock worth $544,000 after buying an additional 46 shares during the last quarter. Finally, N.E.W. Advisory Services LLC raised its stake in Boeing by 3.1% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 1,540 shares of the aircraft producer’s stock valued at $332,000 after buying an additional 46 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

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.