Investors Buy Boeing Company (The) (BA) on Weakness

Investors bought shares of Boeing Company (The) (NYSE:BA) on weakness during trading on Tuesday. $203.02 million flowed into the stock on the tick-up and $175.55 million flowed out of the stock on the tick-down, for a money net flow of $27.47 million into the stock. Of all stocks tracked, Boeing Company (The) had the 4th highest net in-flow for the day. Boeing Company (The) traded down ($0.53) for the day and closed at $255.46

Several equities research analysts recently issued reports on the stock. ValuEngine downgraded shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research downgraded shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Cowen and Company reaffirmed a “buy” rating and set a $315.00 price target (up previously from $300.00) on shares of Boeing Company (The) in a research note on Friday, September 22nd. Jefferies Group LLC lifted their price target on shares of Boeing Company (The) from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, September 22nd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $303.00 price target (up previously from $274.00) on shares of Boeing Company (The) in a research note on Wednesday, September 20th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $241.32.

The stock’s 50-day moving average price is $244.91 and its 200-day moving average price is $208.29. The stock has a market capitalization of $151.18 billion, a PE ratio of 22.41 and a beta of 1.21.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The firm had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. During the same quarter in the prior year, the firm earned ($0.44) EPS. The company’s revenue was down 8.1% on a year-over-year basis. On average, equities research analysts predict that Boeing Company will post $10.02 earnings per share for the current fiscal year.

In other Boeing Company (The) news, CFO Gregory D. Smith sold 19,757 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the sale, the chief financial officer now owns 152,195 shares of the company’s stock, valued at approximately $37,351,696.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Thomas J. Downey sold 134 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,468 shares of company stock worth $20,353,814. Insiders own 0.28% of the company’s stock.

A number of large investors have recently modified their holdings of BA. Janus Henderson Group PLC grew its holdings in Boeing Company (The) by 7,215.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after acquiring an additional 4,852,679 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Boeing Company (The) by 18,613.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock valued at $6,787,000 after purchasing an additional 1,334,957 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Boeing Company (The) by 66.5% in the 1st quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after purchasing an additional 1,049,546 shares during the last quarter. Koch Industries Inc. boosted its stake in shares of Boeing Company (The) by 61,128.7% in the 2nd quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock valued at $846,000 after purchasing an additional 848,467 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Boeing Company (The) by 63.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,442,748 shares of the aircraft producer’s stock valued at $285,303,000 after purchasing an additional 561,343 shares during the last quarter. 72.17% of the stock is currently owned by hedge funds and other institutional investors.

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About Boeing Company (The)

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

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