Mortimer Buckley Purchases 2,200 Shares of Boeing (NYSE:BA) Stock

Key Points

• Mortimer Buckley, a director at Boeing, purchased 2,200 shares of the company at an average price of $226.10, totaling approximately $497,420.
• Boeing's stock is currently valued at around $224.25 after a 0.6% decline in trading, with analysts projecting a negative earnings per share of -2.58 for the current fiscal year.
• Recent analyst reports have led to upgrades for Boeing, with Rothschild & Co raising its rating to "buy" and setting a target price of $275.00, amidst a mix of ratings from various firms.

The Boeing Company (NYSE:BA - Get Free Report) Director Mortimer Buckley bought 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, the director directly owned 2,200 shares in the company, valued at $497,420. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Boeing Stock Down 0.6%

Shares of BA stock traded down $1.3740 during trading on Thursday, reaching $224.2460. 6,072,818 shares of the company's stock were exchanged, compared to its average volume of 7,129,455. The stock has a market capitalization of $169.57 billion, a PE ratio of -13.58 and a beta of 1.48. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The firm's fifty day moving average price is $220.17 and its 200-day moving average price is $193.55.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. The company's revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.90) earnings per share. As a group, analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Revolve Wealth Partners LLC bought a new stake in shares of Boeing during the 4th quarter worth $201,000. Bank Pictet & Cie Europe AG bought a new stake in shares of Boeing during the 4th quarter worth $7,837,000. First Trust Advisors LP lifted its position in shares of Boeing by 33.8% during the 4th quarter. First Trust Advisors LP now owns 140,578 shares of the aircraft producer's stock worth $24,882,000 after buying an additional 35,524 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Boeing by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,275,394 shares of the aircraft producer's stock worth $225,745,000 after buying an additional 39,661 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Boeing by 122.1% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 191 shares of the aircraft producer's stock worth $34,000 after buying an additional 105 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent analyst reports. Rothschild & Co Redburn raised Boeing from a "neutral" rating to a "buy" rating and set a $275.00 target price on the stock in a report on Friday, June 27th. Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. Citigroup reaffirmed a "buy" rating on shares of Boeing in a research report on Monday, July 28th. Susquehanna boosted their price objective on shares of Boeing from $265.00 to $270.00 and gave the company a "positive" rating in a report on Wednesday, July 30th. Finally, Barclays raised their target price on shares of Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $228.90.

About Boeing

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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