The Boeing Company Executive VP Sells Stock Worth Over $570,000

On February 20th, Uma M. Amuluru, the Executive Vice President of The Boeing Company (NYSE:BA), completed the sale of 3,159 shares of the company’s stock. This transaction was executed at an average price of $180.69 per share, resulting in a total value of $570,799.71. Following this sale, Ms. Amuluru now holds 19,213 shares of Boeing, which are valued at approximately $3,471,596.97. This sale indicates a 14.12% decrease in her overall position within the company. The details of this transaction were disclosed in a filing with the Securities and Exchange Commission (SEC), which can be accessed through reliable financial news sources.

Boeing Stock Performance

On Friday, shortly after the sale, Boeing shares dropped by $3.54, trading at $177.34 during mid-day sessions. The volume of shares traded reached 8,971,331, outpacing the average volume of 7,792,261 shares. Over the last twelve months, Boeing's stock has seen a low of $137.03 and a high of $208.10. The company's 50-day moving average stands at $176.74, while the 200-day moving average is at $164.39. Boeing has a market capitalization of approximately $133.01 billion, a P/E ratio of -9.68, and a beta of 1.52, indicating its volatility relative to the market.

Recent Earnings Report

The Boeing Company reported its latest earnings on January 28th, where it announced a loss of ($5.90) per share for the quarter, missing analysts' consensus estimate of a loss of ($1.60) by a significant margin of ($4.30). In the same quarter of the previous year, Boeing reported a loss of ($0.47) per share. Looking ahead, analysts predict that the company will post a loss of $-2.32 EPS for the current fiscal year.

Institutional Investor Activity

Several institutional investors have recently adjusted their positions in Boeing stock. For instance, Ascent Group LLC acquired a new stake valued at approximately $464,000 in the fourth quarter. Meanwhile, Fidelity D & D Bancorp Inc. added a position worth around $211,000. Additionally, Aurdan Capital Management LLC and Vermillion Wealth Management Inc. made new investments in Boeing valued at about $313,000 and $277,000, respectively. Forum Financial Management LP also increased its stake in Boeing by 6.3%, now holding 6,300 shares worth about $1,115,000. Institutional investors collectively own around 64.82% of Boeing’s stock.

Analyst Ratings Overview

Boeing has been the subject of numerous research reports from analysts. For example, JPMorgan Chase & Co. raised their price target on Boeing shares from $190.00 to $200.00, providing an "overweight" rating. Conversely, Morgan Stanley has lowered their target from $195.00 to $170.00 and maintained an "equal weight" rating. Citigroup increased its price target to $210.00, while Royal Bank of Canada reaffirmed an "outperform" stance at a $200.00 price target. There have been varying opinions, with two analysts suggesting a sell, eight holding at neutral, thirteen recommending a buy, and one issuing a strong buy rating. Overall, MarketBeat.com reflects a consensus average rating of "Moderate Buy" with a price target of approximately $195.16.

About The Boeing Company

The Boeing Company, along with its subsidiaries, operates globally in designing, developing, manufacturing, selling, servicing, and supporting commercial jetliners, military aircraft, satellites, missile defense systems, human space flight, and launch systems. The company's operations are grouped into various segments, including Commercial Airplanes, Defense, Space & Security, and Global Services.

Boeing, Stock, Sale