Investors Sell Shares of Boeing (BA) on Strength on Insider Selling

Traders sold shares of Boeing Co (NYSE:BA) on strength during trading on Thursday following insider selling activity. $291.41 million flowed into the stock on the tick-up and $408.38 million flowed out of the stock on the tick-down, for a money net flow of $116.97 million out of the stock. Of all equities tracked, Boeing had the 0th highest net out-flow for the day. Boeing traded up $8.21 for the day and closed at $363.07Specifically, SVP Diana L. Sands sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $350.07, for a total transaction of $1,750,350.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

BA has been the topic of a number of analyst reports. Canaccord Genuity reiterated a “hold” rating and issued a $350.00 price target on shares of Boeing in a research report on Tuesday, July 24th. Jefferies Financial Group upped their price target on Boeing to $410.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $407.00 price target on the stock in a research report on Friday, October 26th. Cowen reiterated a “buy” rating and issued a $430.00 price target on shares of Boeing in a research report on Friday, July 13th. Finally, Credit Suisse Group upped their price target on Boeing from $455.00 to $456.00 and gave the company an “outperform” rating in a research report on Thursday, October 25th. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $410.21.

The company has a debt-to-equity ratio of 8.07, a current ratio of 1.10 and a quick ratio of 0.32. The company has a market capitalization of $198.71 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.11. The company had revenue of $25.15 billion for the quarter, compared to analyst estimates of $23.84 billion. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.72 earnings per share. On average, equities research analysts anticipate that Boeing Co will post 15.07 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Thursday, November 8th. Boeing’s dividend payout ratio is currently 56.81%.

A number of institutional investors have recently bought and sold shares of BA. Argent Trust Co lifted its stake in shares of Boeing by 5.1% during the fourth quarter. Argent Trust Co now owns 5,625 shares of the aircraft producer’s stock valued at $1,659,000 after acquiring an additional 271 shares during the period. Financial Gravity Wealth Inc. acquired a new position in shares of Boeing during the first quarter valued at $463,000. Natixis Advisors L.P. lifted its stake in shares of Boeing by 10.6% during the first quarter. Natixis Advisors L.P. now owns 44,721 shares of the aircraft producer’s stock valued at $14,663,000 after acquiring an additional 4,278 shares during the period. First Republic Investment Management Inc. lifted its stake in shares of Boeing by 4.7% during the first quarter. First Republic Investment Management Inc. now owns 280,996 shares of the aircraft producer’s stock valued at $92,134,000 after acquiring an additional 12,639 shares during the period. Finally, RFG Advisory Group LLC lifted its stake in shares of Boeing by 24.0% during the first quarter. RFG Advisory Group LLC now owns 1,128 shares of the aircraft producer’s stock valued at $370,000 after acquiring an additional 218 shares during the period. 69.56% of the stock is currently owned by institutional investors.

Boeing Company Profile (NYSE:BA)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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