Investors Sell Boeing (BA) on Strength (BA)

Investors sold shares of Boeing Co (NYSE:BA) on strength during trading hours on Wednesday. $366.89 million flowed into the stock on the tick-up and $433.50 million flowed out of the stock on the tick-down, for a money net flow of $66.61 million out of the stock. Of all stocks tracked, Boeing had the 24th highest net out-flow for the day. Boeing traded up $5.29 for the day and closed at $421.55

BA has been the subject of several recent research reports. Goldman Sachs Group set a $387.00 price target on shares of Boeing and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. Morgan Stanley raised shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $400.00 to $450.00 in a research report on Wednesday, January 9th. Credit Suisse Group increased their price target on shares of Boeing from $455.00 to $456.00 and gave the stock an “outperform” rating in a research report on Thursday, October 25th. Cowen reissued a “buy” rating and issued a $445.00 price target on shares of Boeing in a research report on Tuesday, November 13th. Finally, Sanford C. Bernstein increased their price target on shares of Boeing from $426.00 to $440.00 and gave the stock a “positive” rating in a research report on Friday, October 26th. Seven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $413.27.

The firm has a market capitalization of $235.18 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 1.52 and a beta of 1.31. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 25.99.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.52 by $0.96. The company had revenue of $28.34 billion during the quarter, compared to analyst estimates of $26.76 billion. Boeing had a net margin of 10.34% and a negative return on equity of 4,286.60%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the business posted $3.04 earnings per share. On average, equities research analysts predict that Boeing Co will post 20.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 8th will be issued a dividend of $2.055 per share. This is a positive change from Boeing’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $8.22 annualized dividend and a dividend yield of 1.95%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

Boeing announced that its board has authorized a stock buyback program on Monday, December 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the aircraft producer to reacquire up to 11.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

In other news, EVP Timothy John Keating sold 26,557 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $395.47, for a total transaction of $10,502,496.79. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Theodore Colbert III sold 2,137 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $408.85, for a total transaction of $873,712.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,247 shares of company stock valued at $28,922,977. Company insiders own 0.24% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ironwood Financial llc bought a new position in Boeing in the fourth quarter valued at approximately $32,000. Next Capital Management LLC bought a new position in Boeing in the fourth quarter valued at approximately $32,000. Proffitt & Goodson Inc. boosted its stake in Boeing by 1,371.4% in the fourth quarter. Proffitt & Goodson Inc. now owns 103 shares of the aircraft producer’s stock valued at $33,000 after acquiring an additional 96 shares during the last quarter. 1 North Wealth Services LLC bought a new position in Boeing in the fourth quarter valued at approximately $40,000. Finally, Clarfeld Financial Advisors LLC bought a new position in shares of Boeing during the fourth quarter worth $40,000. 69.68% of the stock is currently owned by institutional investors and hedge funds.

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About Boeing (NYSE:BA)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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