Brendan J. Nelson Sells 640 Shares of The Boeing Company (NYSE:BA) Stock

The Boeing Company (NYSE:BA) SVP Brendan J. Nelson sold 640 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the transaction, the senior vice president now owns 13,258 shares of the company’s stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Boeing Trading Up 1.1%

NYSE:BA opened at $207.48 on Wednesday. The stock has a market cap of $156.44 billion, a P/E ratio of -11.33 and a beta of 1.41. The stock has a 50 day simple moving average of $173.70 and a 200 day simple moving average of $169.40. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $209.66.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same period in the previous year, the business posted ($1.13) earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BA shares. Melius Research set a $204.00 price target on Boeing in a research report on Monday, March 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, April 23rd. UBS Group raised their target price on shares of Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Sanford C. Bernstein upgraded shares of Boeing from a “market perform” rating to an “outperform” rating and raised their target price for the company from $181.00 to $218.00 in a research note on Monday, April 28th. Finally, Morgan Stanley reiterated a “positive” rating on shares of Boeing in a research note on Friday. Two analysts have rated the stock with a sell rating, three have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $204.35.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Acorns Advisers LLC grew its position in shares of Boeing by 18.7% during the 1st quarter. Acorns Advisers LLC now owns 2,093 shares of the aircraft producer’s stock worth $357,000 after purchasing an additional 329 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Boeing by 15.6% during the 1st quarter. Intech Investment Management LLC now owns 37,497 shares of the aircraft producer’s stock worth $6,395,000 after purchasing an additional 5,071 shares in the last quarter. Integrity Alliance LLC. acquired a new position in shares of Boeing during the 1st quarter worth approximately $1,278,000. Ransom Advisory Ltd acquired a new position in shares of Boeing during the 1st quarter worth approximately $580,000. Finally, Anchor Investment Management LLC raised its stake in Boeing by 0.9% in the first quarter. Anchor Investment Management LLC now owns 5,411 shares of the aircraft producer’s stock valued at $923,000 after purchasing an additional 50 shares in the last quarter. 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.