Insider Selling: The Boeing Company (NYSE:BA) EVP Sells 3,205 Shares of Stock

The Boeing Company (NYSE:BA - Get Free Report) EVP Jeffrey S. Shockey sold 3,205 shares of the firm's 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 owns 20,513 shares of the company's stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Boeing Stock Up 0.7%

Boeing stock traded up $1.48 during mid-day trading on Thursday, hitting $206.20. The company had a trading volume of 9,536,449 shares, compared to its average volume of 9,204,566. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $209.66. The business has a fifty day moving average of $169.61 and a 200 day moving average of $167.80. The stock has a market cap of $155.48 billion, a price-to-earnings ratio of -11.26 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. During the same period last year, the business earned ($1.13) earnings per share. The company's quarterly revenue was up 17.7% on a year-over-year basis. Equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Institutional Trading of Boeing

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its holdings in shares of Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock valued at $358,000 after acquiring an additional 710 shares during the period. Carnegie Investment Counsel raised its position in Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock valued at $818,000 after purchasing an additional 2,943 shares during the last quarter. Amundi boosted its stake in Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after purchasing an additional 1,292,417 shares during the period. KKM Financial LLC grew its position in Boeing by 50.8% during the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock worth $2,720,000 after purchasing an additional 5,175 shares during the last quarter. Finally, Grant Private Wealth Management Inc acquired a new position in Boeing in the fourth quarter valued at $903,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BA shares. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, April 23rd. Melius Research set a $204.00 target price on shares of Boeing in a report on Monday, March 24th. Wells Fargo & Company restated an "underweight" rating and issued a $140.00 price target (up previously from $111.00) on shares of Boeing in a research note on Wednesday, April 23rd. Citigroup increased their price objective on Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, Morgan Stanley boosted their target price on Boeing from $175.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.