Dana Deasy Acquires 554 Shares of Boeing (NYSE:BA) Stock

The Boeing Company (NYSE:BA) SVP Dana Deasy bought 554 shares of the stock in a transaction dated Monday, November 24th. The stock was purchased at an average price of $178.88 per share, with a total value of $99,099.52. Following the acquisition, the senior vice president owned 28,442 shares of the company’s stock, valued at $5,087,704.96. The trade was a 1.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Boeing Stock Up 2.4%

Shares of NYSE BA opened at $186.90 on Thursday. The stock’s 50 day moving average price is $206.96 and its 200-day moving average price is $214.53. The company has a market capitalization of $142.06 billion, a PE ratio of -13.66 and a beta of 1.44. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $21.61 billion. Boeing’s revenue for the quarter 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, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Boeing

Several hedge funds have recently made changes to their positions in BA. Trust Investment Advisors lifted its holdings in Boeing by 1.4% during the 3rd quarter. Trust Investment Advisors now owns 6,823 shares of the aircraft producer’s stock worth $1,473,000 after purchasing an additional 93 shares in the last quarter. Pointe Capital Management LLC increased its position in shares of Boeing by 13.2% during the third quarter. Pointe Capital Management LLC now owns 3,891 shares of the aircraft producer’s stock valued at $840,000 after buying an additional 453 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of Boeing by 463.0% during the third quarter. CIBC Private Wealth Group LLC now owns 259,573 shares of the aircraft producer’s stock valued at $56,024,000 after buying an additional 213,468 shares during the period. Burkett Financial Services LLC lifted its holdings in shares of Boeing by 22.1% in the third quarter. Burkett Financial Services LLC now owns 331 shares of the aircraft producer’s stock worth $71,000 after buying an additional 60 shares in the last quarter. Finally, Oarsman Capital Inc. boosted its position in shares of Boeing by 34.0% in the third quarter. Oarsman Capital Inc. now owns 1,705 shares of the aircraft producer’s stock valued at $368,000 after acquiring an additional 433 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on BA. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and upped their price objective for the company from $242.00 to $270.00 in a research note on Monday, September 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 target price on shares of Boeing in a research note on Monday, September 29th. JPMorgan Chase & Co. cut their price target on Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Zacks Research lowered Boeing from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Finally, BNP Paribas Exane initiated coverage on Boeing in a research note on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $232.09.

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.