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 that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president now directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Boeing Stock Down 0.3%

Shares of NYSE:BA traded down $0.61 during midday trading on Monday, reaching $205.21. The company's stock had a trading volume of 5,725,523 shares, compared to its average volume of 9,211,537. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $209.66. The firm has a market capitalization of $154.73 billion, a PE ratio of -11.20 and a beta of 1.41. The stock has a fifty day moving average of $171.81 and a 200 day moving average of $168.78.

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 (EPS) 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 analyst estimates of $19.57 billion. The business's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned ($1.13) EPS. Sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boeing

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Park Avenue Securities LLC raised its stake in shares of Boeing by 23.7% during the 4th quarter. Park Avenue Securities LLC now owns 11,486 shares of the aircraft producer's stock worth $2,033,000 after buying an additional 2,202 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in Boeing by 47.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,419 shares of the aircraft producer's stock worth $782,000 after acquiring an additional 1,421 shares during the period. Carnegie Investment Counsel lifted its holdings in Boeing by 175.6% during the fourth 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 in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Boeing by 8.3% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 9,122 shares of the aircraft producer's stock valued at $1,615,000 after purchasing an additional 700 shares during the period. Finally, Sax Wealth Advisors LLC acquired a new position in shares of Boeing during the 4th quarter worth about $467,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BA shares. Benchmark decreased their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Melius Research set a $204.00 price target on shares of Boeing in a research report on Monday, March 24th. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $140.00 price target (up from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. Finally, UBS Group increased their price objective on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $204.35.

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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