Insider Selling: Boeing (NYSE:BA) SVP Sells 6,281 Shares of Stock

The Boeing Company (NYSE:BAGet Free Report) SVP Ann Schmidt sold 6,281 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the transaction, the senior vice president directly owned 13,978 shares in the company, valued at $3,401,825.86. This trade represents a 31.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Boeing Stock Performance

NYSE BA traded down $5.32 during midday trading on Thursday, hitting $233.61. The company had a trading volume of 5,817,367 shares, compared to its average volume of 7,301,819. The firm has a fifty day simple moving average of $231.99 and a two-hundred day simple moving average of $219.83. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $254.35. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. The stock has a market cap of $183.46 billion, a price-to-earnings ratio of 116.22 and a beta of 1.15.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, beating the consensus estimate of ($0.40) by $10.32. The firm had revenue of $23.95 billion during the quarter, compared to analyst estimates of $22.41 billion. During the same period last year, the company earned ($5.90) EPS. The company’s revenue was up 57.1% on a year-over-year basis. Equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boeing

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Compound Planning Inc. boosted its stake in Boeing by 5.5% in the fourth quarter. Compound Planning Inc. now owns 23,237 shares of the aircraft producer’s stock worth $5,045,000 after purchasing an additional 1,206 shares in the last quarter. Torrey Payne Wealth Management LLC acquired a new stake in shares of Boeing in the fourth quarter valued at $306,000. Lexington Hill Partners LLC bought a new position in shares of Boeing in the fourth quarter valued at about $310,000. Corient Private Wealth LLC lifted its position in Boeing by 110.3% during the 4th quarter. Corient Private Wealth LLC now owns 426,561 shares of the aircraft producer’s stock worth $92,615,000 after buying an additional 223,760 shares in the last quarter. Finally, CrossGen Wealth LLC acquired a new position in Boeing during the 4th quarter worth about $26,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BA. Wolfe Research reaffirmed an “outperform” rating on shares of Boeing in a report on Tuesday, January 27th. Weiss Ratings upgraded shares of Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft cut Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price for the company. in a report on Thursday, October 30th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $246.14.

View Our Latest Analysis on Boeing

About Boeing

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Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

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Insider Buying and Selling by Quarter for Boeing (NYSE:BA)

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