Insider Selling: Boeing Co (BA) SVP Sells 5,047 Shares of Stock

Boeing Co (NYSE:BA) SVP Gregory L. Hyslop sold 5,047 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $182.83, for a total transaction of $922,743.01. Following the transaction, the senior vice president now owns 8,829 shares of the company’s stock, valued at approximately $1,614,206.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Boeing Co (NYSE:BA) traded up 1.46% during midday trading on Friday, hitting $179.99. The stock had a trading volume of 1,924,955 shares. The stock’s 50 day moving average price is $180.67 and its 200 day moving average price is $166.72. The firm has a market cap of $108.64 billion, a price-to-earnings ratio of 22.18 and a beta of 1.08. Boeing Co has a 12 month low of $122.35 and a 12 month high of $187.21.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.10. The company had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.27 billion. Boeing had a return on equity of 239.48% and a net margin of 5.18%. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the company earned $1.74 EPS. On average, equities analysts forecast that Boeing Co will post $9.39 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Boeing (NYSE:BA)

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 12th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.20%. The ex-dividend date is Wednesday, May 10th. Boeing’s dividend payout ratio (DPR) is presently 74.25%.

COPYRIGHT VIOLATION WARNING: This story was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.chaffeybreeze.com/2017/05/19/gregory-l-hyslop-sells-5047-shares-of-boeing-co-ba-stock-updated.html.

A number of brokerages have recently commented on BA. Jefferies Group LLC boosted their price objective on shares of Boeing from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, January 26th. Argus reaffirmed a “buy” rating and set a $185.00 price target on shares of Boeing in a research report on Tuesday, January 24th. Deutsche Bank AG upped their price target on shares of Boeing from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Berenberg Bank started coverage on shares of Boeing in a research report on Wednesday, March 29th. They set a “buy” rating and a $202.00 price target on the stock. Finally, Gabelli reissued a “buy” rating on shares of Boeing in a research report on Friday, April 7th. Six analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $167.08.

A number of hedge funds have recently modified their holdings of BA. Capital World Investors boosted its position in shares of Boeing by 5.7% in the third quarter. Capital World Investors now owns 50,414,174 shares of the aircraft producer’s stock worth $6,641,563,000 after buying an additional 2,737,375 shares during the period. Vanguard Group Inc. boosted its position in Boeing by 3.1% in the first quarter. Vanguard Group Inc. now owns 40,005,195 shares of the aircraft producer’s stock worth $7,075,319,000 after buying an additional 1,203,783 shares during the last quarter. BlackRock Inc. boosted its position in Boeing by 2,388.3% in the first quarter. BlackRock Inc. now owns 34,961,076 shares of the aircraft producer’s stock worth $6,183,215,000 after buying an additional 33,556,068 shares during the last quarter. State Street Corp boosted its position in Boeing by 0.3% in the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock worth $5,028,731,000 after buying an additional 87,850 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Boeing by 4.3% in the third quarter. Capital Research Global Investors now owns 20,586,605 shares of the aircraft producer’s stock worth $2,712,079,000 after buying an additional 857,985 shares during the period. 74.66% of the stock is currently owned by institutional investors.

About Boeing

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

5 Day Chart for NYSE:BA

Receive News & Ratings for Boeing Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Co and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply