Boeing (NYSE:BA) Director Mortimer Buckley Purchases 2,200 Shares of Stock

The Boeing Company (NYSE:BA) Director Mortimer Buckley purchased 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director directly owned 2,200 shares in the company, valued at $497,420. This trade represents a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Boeing Stock Down 0.6%

Shares of NYSE BA opened at $224.2460 on Friday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The business has a 50-day simple moving average of $220.58 and a two-hundred day simple moving average of $193.88. The company has a market cap of $169.57 billion, a P/E ratio of -13.58 and a beta of 1.48.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. Boeing’s revenue was up 34.9% compared to the same quarter last year. During the same period last year, the firm earned ($2.90) EPS. Equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BA. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Monday, July 28th. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Wall Street Zen cut Boeing from a “hold” rating to a “sell” rating in a research note on Saturday, May 17th. Finally, Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and upped their price target for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $228.90.

Institutional Investors Weigh In On Boeing

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Revolve Wealth Partners LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $201,000. Bank Pictet & Cie Europe AG purchased a new position in shares of Boeing during the 4th quarter valued at about $7,837,000. First Trust Advisors LP lifted its position in shares of Boeing by 33.8% during the 4th quarter. First Trust Advisors LP now owns 140,578 shares of the aircraft producer’s stock valued at $24,882,000 after buying an additional 35,524 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Boeing by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,275,394 shares of the aircraft producer’s stock valued at $225,745,000 after purchasing an additional 39,661 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in Boeing by 122.1% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 191 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 105 shares during the period. 64.82% of the stock is currently owned by hedge funds and other 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.