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

The Boeing Company (NYSE:BA) SVP Brendan J. Nelson sold 640 shares of the firm’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 completion of the transaction, the senior vice president now directly owns 13,258 shares in the company, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Boeing Trading Down 0.3%

NYSE:BA traded down $0.61 during trading hours on Monday, hitting $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 stock has a market capitalization of $154.73 billion, a P/E 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. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $209.66.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.13) EPS. On average, sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Ratings Changes

BA has been the topic of several recent research reports. Sanford C. Bernstein upgraded Boeing from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $181.00 to $218.00 in a report on Monday, April 28th. Cowen restated a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. TD Securities reiterated a “buy” rating and set a $180.00 price target on shares of Boeing in a report on Thursday, April 24th. Morgan Stanley reaffirmed a “positive” rating on shares of Boeing in a research note on Friday. Finally, Melius Research set a $204.00 price target on shares of Boeing in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $204.35.

Institutional Trading of Boeing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SageView Advisory Group LLC raised its stake in Boeing by 13.2% during the 1st quarter. SageView Advisory Group LLC now owns 3,448 shares of the aircraft producer’s stock worth $588,000 after acquiring an additional 401 shares in the last quarter. SCS Capital Management LLC acquired a new stake in shares of Boeing in the 1st quarter valued at about $5,303,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Boeing by 3.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,933,139 shares of the aircraft producer’s stock worth $500,247,000 after buying an additional 91,707 shares during the period. Optimize Financial Inc purchased a new position in shares of Boeing during the first quarter worth approximately $233,000. Finally, Empowered Funds LLC increased its holdings in shares of Boeing by 6.0% in the 1st quarter. Empowered Funds LLC now owns 21,489 shares of the aircraft producer’s stock valued at $3,665,000 after acquiring an additional 1,209 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.