Key Points
- Boeing SVP Dana Deasy purchased 554 shares at an average price of $178.88 for a total of $99,099.52, increasing his stake to 28,442 shares (a 1.99% rise); the trade was filed with the SEC.
- Boeing reported quarterly EPS of ($7.47), missing estimates by $6.96, while revenue grew 30.4% to $23.27 billion; analysts project a -2.58 EPS for the current fiscal year.
- Shares opened at $182.39, the consensus rating is "Moderate Buy" with a target price of $232.09, and institutional investors own about 64.82% of the company.
The Boeing Company (NYSE:BA - Get Free Report) SVP Dana Deasy bought 554 shares of the firm's stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the transaction, the senior vice president owned 28,442 shares in the company, valued at $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Boeing Stock Up 1.8%
NYSE BA opened at $182.39 on Wednesday. The company has a 50-day simple moving average of $207.51 and a two-hundred day simple moving average of $214.72. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The firm has a market cap of $138.63 billion, a price-to-earnings ratio of -13.33 and a beta of 1.44.
Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.51) by ($6.96). The firm had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the previous year, the business posted ($10.44) earnings per share. The company's revenue was up 30.4% compared to the same quarter last year. Equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Boeing
Large investors have recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC bought a new stake in shares of Boeing during the 4th quarter valued at about $201,000. Assetmark Inc. grew its position in Boeing by 20.3% during the first quarter. Assetmark Inc. now owns 2,446 shares of the aircraft producer's stock valued at $417,000 after buying an additional 412 shares during the period. HB Wealth Management LLC increased its holdings in Boeing by 30.2% during the first quarter. HB Wealth Management LLC now owns 17,591 shares of the aircraft producer's stock valued at $3,000,000 after buying an additional 4,084 shares during the last quarter. TD Asset Management Inc raised its position in Boeing by 4.5% in the first quarter. TD Asset Management Inc now owns 321,738 shares of the aircraft producer's stock worth $54,872,000 after acquiring an additional 13,859 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Boeing by 7.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 190,852 shares of the aircraft producer's stock worth $32,550,000 after acquiring an additional 13,737 shares during the last quarter. Institutional investors own 64.82% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on BA shares. JPMorgan Chase & Co. decreased their price objective on Boeing from $251.00 to $240.00 and set an "overweight" rating for the company in a report on Thursday, October 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $250.00 target price on shares of Boeing in a research report on Monday, September 29th. Barclays increased their price target on shares of Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Vertical Research raised shares of Boeing from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. Finally, Bank of America raised their target price on shares of Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.09.
Read Our Latest Stock Report on BA
About Boeing
(
Get Free Report)
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.
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