The Boeing Company (NYSE:BA) SVP Brendan J. Nelson Sells 640 Shares

The Boeing Company (NYSE:BA - Get Free Report) SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares in the company, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Boeing Price Performance

Shares of NYSE:BA traded down $0.92 during trading on Friday, hitting $202.49. The company's stock had a trading volume of 5,248,351 shares, compared to its average volume of 9,170,979. The company has a 50-day moving average of $176.17 and a 200-day moving average of $170.33. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $209.66. The firm has a market cap of $152.68 billion, a price-to-earnings ratio of -11.05 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results 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 business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the previous year, the business posted ($1.13) earnings per share. The firm's revenue was up 17.7% on a year-over-year basis. As a group, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BA shares. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a report on Thursday. UBS Group upped their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a research note on Thursday. TD Securities downgraded shares of Boeing to a "cautious" rating in a research note on Thursday. Finally, Susquehanna reiterated a "positive" rating and issued a $240.00 target price (up previously from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $204.35.

Hedge Funds Weigh In On Boeing

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Boeing by 1.9% in the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock worth $11,197,468,000 after buying an additional 1,212,327 shares during the period. Geode Capital Management LLC raised its stake in Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after acquiring an additional 3,452,075 shares during the period. Northern Trust Corp raised its stake in Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after acquiring an additional 1,634,231 shares during the period. Fisher Asset Management LLC raised its stake in Boeing by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after acquiring an additional 164,042 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Boeing by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer's stock valued at $715,979,000 after purchasing an additional 19,615 shares during the period. 64.82% of the stock is owned by institutional investors.

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.