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

The Boeing Company (NYSE:BA) EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Boeing Stock Up 0.7%

Shares of BA stock opened at $206.20 on Friday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $209.66. The company has a market cap of $155.48 billion, a PE ratio of -11.26 and a beta of 1.41. The business’s 50 day moving average is $170.78 and its two-hundred day moving average is $168.18.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) 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 the consensus estimate of $19.57 billion. During the same period in the prior year, the company posted ($1.13) earnings per share. Boeing’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, equities analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Boeing

A number of hedge funds have recently bought and sold shares of BA. Monetary Management Group Inc. boosted its stake in Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares during the period. Heritage Financial Services LLC lifted its holdings in shares of Boeing by 4.2% during the first quarter. Heritage Financial Services LLC now owns 1,264 shares of the aircraft producer’s stock worth $216,000 after buying an additional 51 shares during the last quarter. Wood Tarver Financial Group LLC boosted its position in shares of Boeing by 14.3% in the first quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer’s stock valued at $75,000 after acquiring an additional 55 shares during the period. Keynote Financial Services LLC grew its stake in shares of Boeing by 3.8% in the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock worth $273,000 after acquiring an additional 57 shares during the last quarter. Finally, Signature Wealth Management Partners LLC increased its position in Boeing by 2.0% during the first quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer’s stock worth $493,000 after acquiring an additional 57 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of research analyst reports. Cowen reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. StockNews.com raised shares of Boeing from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. Morgan Stanley upped their price target on shares of Boeing from $175.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 24th. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Finally, UBS Group boosted their target price on Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $203.60.

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.