The Boeing Company (NYSE:BA) EVP David Christopher Raymond Sells 3,899 Shares

The Boeing Company (NYSE:BA - Get Free Report) EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Boeing Stock Up 0.5 %

Shares of NYSE BA traded up $0.96 during midday trading on Monday, hitting $186.42. 5,409,667 shares of the company's stock were exchanged, compared to its average volume of 9,047,515. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95. The company's 50 day moving average price is $165.14 and its 200 day moving average price is $165.89. The firm has a market capitalization of $140.56 billion, a PE ratio of -10.18 and a beta of 1.40.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. Boeing's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.13) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BA shares. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Wells Fargo & Company reiterated an "underweight" rating and set a $140.00 target price (up previously from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. Morgan Stanley boosted their price target on Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. StockNews.com raised Boeing to a "sell" rating in a research report on Thursday, April 24th. Finally, TD Securities reaffirmed a "buy" rating and set a $180.00 price target on shares of Boeing in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and an average price target of $200.90.

Hedge Funds Weigh In On Boeing

Several institutional investors and hedge funds have recently made changes to their positions in BA. HighPoint Advisor Group LLC boosted its stake in Boeing by 0.3% in the 1st quarter. HighPoint Advisor Group LLC now owns 19,657 shares of the aircraft producer's stock valued at $3,578,000 after purchasing an additional 58 shares during the period. Peregrine Asset Advisers Inc. raised its stake in Boeing by 563.9% in the 1st quarter. Peregrine Asset Advisers Inc. now owns 14,838 shares of the aircraft producer's stock worth $2,531,000 after purchasing an additional 12,603 shares in the last quarter. 4WEALTH Advisors Inc. boosted its holdings in Boeing by 16.1% in the 1st quarter. 4WEALTH Advisors Inc. now owns 6,160 shares of the aircraft producer's stock valued at $1,051,000 after purchasing an additional 852 shares during the period. Coastwise Capital Group LLC increased its holdings in shares of Boeing by 7.6% during the first quarter. Coastwise Capital Group LLC now owns 7,078 shares of the aircraft producer's stock worth $1,207,000 after purchasing an additional 500 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its position in Boeing by 16.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 102,663 shares of the aircraft producer's stock worth $17,509,000 after buying an additional 14,459 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

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.

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