Boeing (NYSE:BA) EVP Uma Amuluru Sells 1,366 Shares of Stock

by · The Cerbat Gem

The Boeing Company (NYSE:BA – Get Free Report) EVP Uma Amuluru sold 1,366 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Boeing Stock Performance

Shares of NYSE BA traded up $0.13 during trading hours on Monday, hitting $194.74. The stock had a trading volume of 7,424,985 shares, compared to its average volume of 8,274,230. The firm’s 50-day moving average price is $216.65 and its two-hundred day moving average price is $214.38. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The company has a market capitalization of $148.02 billion, a P/E ratio of -14.24 and a beta of 1.44.

Boeing (NYSE:BA – Get Free Report) last posted its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. The firm’s revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the business earned ($10.44) EPS. As a group, analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on BA. Deutsche Bank Aktiengesellschaft downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research report on Thursday, October 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Bank of America raised their price objective on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Sanford C. Bernstein upped their target price on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Finally, KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.80.

View Our Latest Stock Analysis on BA

Institutional Investors Weigh In On Boeing

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in Boeing in the 2nd quarter worth $378,459,000. Vanguard Group Inc. lifted 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 valued at $11,197,468,000 after buying an additional 1,212,327 shares during the period. Ninety One UK Ltd acquired a new stake in Boeing during the third quarter worth about $192,734,000. Amundi increased its stake in Boeing by 75.5% during the second quarter. Amundi now owns 1,776,634 shares of the aircraft producer’s stock valued at $376,700,000 after acquiring an additional 764,236 shares during the period. Finally, Newport Trust Company LLC raised its holdings in Boeing by 2.5% in the 3rd quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock valued at $6,301,901,000 after acquiring an additional 707,490 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

About Boeing

(Get Free Report)

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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