Boeing (NYSE:BA) EVP Uma Amuluru Sells 1,503 Shares of Stock

The Boeing Company (NYSE:BAGet Free Report) EVP Uma Amuluru sold 1,503 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total value of $351,371.34. Following the completion of the sale, the executive vice president directly owned 19,015 shares of the company’s stock, valued at $4,445,326.70. This represents a 7.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Boeing Stock Down 0.4%

Shares of NYSE BA traded down $1.03 during mid-day trading on Thursday, reaching $229.33. 4,606,727 shares of the company traded hands, compared to its average volume of 7,549,323. The company’s fifty day moving average is $234.05 and its two-hundred day moving average is $219.96. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $254.35. The stock has a market cap of $180.10 billion, a PE ratio of 114.10 and a beta of 1.15.

Boeing (NYSE:BAGet Free Report) last announced its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $10.32. The company had revenue of $23.95 billion for the quarter, compared to the consensus estimate of $22.41 billion. During the same period in the previous year, the company earned ($5.90) EPS. The firm’s revenue for the quarter was up 57.1% compared to the same quarter last year. On average, analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BA shares. Loop Capital set a $223.00 price objective on Boeing in a research report on Monday, November 3rd. Jefferies Financial Group lifted their price target on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Sunday, February 1st. Royal Bank Of Canada increased their price objective on Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Sanford C. Bernstein restated an “outperform” rating on shares of Boeing in a research note on Wednesday, January 28th. Finally, BNP Paribas Exane set a $150.00 target price on shares of Boeing in a research note on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average price target of $246.14.

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Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Alpha Cubed Investments LLC grew its holdings in shares of Boeing by 43.3% during the second quarter. Alpha Cubed Investments LLC now owns 3,598 shares of the aircraft producer’s stock valued at $754,000 after buying an additional 1,088 shares during the last quarter. SteelPeak Wealth LLC increased its stake in Boeing by 50.4% in the 3rd quarter. SteelPeak Wealth LLC now owns 26,360 shares of the aircraft producer’s stock valued at $5,689,000 after buying an additional 8,833 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Boeing by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock worth $13,991,022,000 after buying an additional 1,118,316 shares in the last quarter. Patton Fund Management Inc. lifted its position in shares of Boeing by 734.4% during the 3rd quarter. Patton Fund Management Inc. now owns 10,322 shares of the aircraft producer’s stock worth $2,228,000 after buying an additional 9,085 shares in the last quarter. Finally, Moors & Cabot Inc. grew its holdings in shares of Boeing by 7.1% in the second quarter. Moors & Cabot Inc. now owns 21,990 shares of the aircraft producer’s stock valued at $4,607,000 after acquiring an additional 1,461 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Company Profile

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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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