Boeing CFO Gregory D. Smith Unloads 3,911 Shares (BA)
Boeing (NYSE:BA) CFO Gregory D. Smith sold 3,911 shares of Boeing stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $120.72, for a total value of $472,135.92. Following the sale, the chief financial officer now directly owns 39,540 shares of the company’s stock, valued at approximately $4,773,269. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on BA. Analysts at TheStreet reiterated a “buy” rating on shares of Boeing in a research note to investors on Monday. Separately, analysts at Barclays cut their price target on shares of Boeing from $160.00 to $147.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Finally, analysts at Canaccord Genuity reiterated an “outperform” rating on shares of Boeing in a research note to investors on Thursday, January 30th. They now have a $164.00 price target on the stock, up previously from $160.00. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $141.54.
Shares of Boeing (NYSE:BA) traded up 1.05% during mid-day trading on Thursday, hitting $122.67. 6,740,580 shares of the company’s stock traded hands. Boeing has a 1-year low of $74.27 and a 1-year high of $144.57. The stock has a 50-day moving average of $135.8 and a 200-day moving average of $123.2. The company has a market cap of $91.681 billion and a P/E ratio of 20.37.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 29th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.31. The company had revenue of $23.80 billion for the quarter, compared to the consensus estimate of $22.74 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts predict that Boeing will post $7.42 earnings per share for the current fiscal year.
The Boeing Company (NYSE:BA) is an aerospace company.
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