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

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

Boeing Trading Up 0.5 %

BA stock traded up $1.01 on Friday, hitting $192.71. 2,874,691 shares of the company's stock traded hands, compared to its average volume of 8,682,214. The stock has a market cap of $145.30 billion, a price-to-earnings ratio of -10.52 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The stock has a fifty day moving average of $166.31 and a 200-day moving average of $166.60.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on BA shares. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and upped their price target for the company from $181.00 to $218.00 in a report on Monday, April 28th. Benchmark decreased their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, April 21st. TD Securities reaffirmed a "buy" rating and set a $180.00 price objective on shares of Boeing in a research report on Thursday, April 24th. Wells Fargo & Company reaffirmed an "underweight" rating and set a $140.00 target price (up from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. Finally, UBS Group increased their target price on Boeing from $190.00 to $207.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $200.90.

Institutional Trading of Boeing

A number of hedge funds have recently bought and sold shares of BA. Wood Tarver Financial Group LLC boosted its stake in Boeing by 14.3% in the 1st quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock worth $75,000 after purchasing an additional 55 shares during the period. Keynote Financial Services LLC grew its holdings in shares of Boeing by 3.8% during the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock valued at $273,000 after buying an additional 57 shares in the last quarter. Signature Wealth Management Partners LLC raised its position in Boeing by 2.0% during the first quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer's stock valued at $493,000 after buying an additional 57 shares during the period. Chaney Capital Management Inc. lifted its stake in Boeing by 2.1% in the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after acquiring an additional 58 shares in the last quarter. Finally, Byrne Financial Freedom LLC grew its stake in Boeing by 3.0% during the 1st quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock valued at $340,000 after acquiring an additional 58 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

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.