The Boeing Company (NYSE:BA) is now up 22.75% compared to a 12-month low of $292.47. We have seen the price to move 1.9% higher and get settled at $359 on 7/11/2019. At recent session, it appeared stuck in a range of $350.7 to $359.26. This company shares are 17.08% off its target price of $420.33 and the current market capitalization stands at $201.99B. The recent change has given its price a 0.53% lead over SMA 50 and -19.51% deficit over its 52-week high. The stock witnessed 2.77% gains, -1.63% declines and 4.41% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BA’s volatility during a week at 1.67% and during a month it has been found around 1.9%.
What Does The Boeing Company (BA) Do?
The company describes itself in regulatory filings as, “The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. The Defense, Space and Security segment refers to the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems; global mobility, including tanker, rotorcraft and tilt-rotor aircraft; and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft. The Global Services segment provides services to commercial and defense customers. The Boeing Capital segment seeks to ensure that Boeing customers have the financing they need to buy and take delivery of their Boeing product and manages overall financing exposure. The company was founded by William Edward Boeing on July 15, 1916 and is headquartered in Chicago, IL.” [Text can be found here: https://www.marketwatch.com/investing/stock/BA/profile under company description.]The Boeing Company 13F Filings
At the end of recent reporting period, 987 institutional holders increased their position in The Boeing Company (NYSE:BA) by some 19,513,790 shares, 1,040 decreased positions by 31,084,894 and 198 held positions by 331,983,447. That puts total institutional holdings at 382,582,131 shares, according to SEC filings. The stock grabbed 195 new institutional investments totaling 3,958,880 shares while 132 institutional investors sold out their entire positions totaling 6,046,091 shares.
Multiple company employees have indulged in significant insider trading. The Boeing Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP, Human Resources CAPOZZI HEIDI B has sold 2,916 shares of The Boeing Company (BA) in the trading session dated Feb. 13, 2019. These shares are worth $1,198,009 and were traded at $410.84 each. The SEC filing shows that LUTTIG J MICHAEL performed a sale of 8,500 shares. The EVP & General Counsel disposed these shares by way of transaction on Feb. 12, 2019. The company’s shares were given away at $410.46 per share worth to an income of some $3,488,910 to the account of LUTTIG J MICHAEL.
CIO & SVP, Info & Analytics, COLBERT THEODORE III, sold 2,137 common shares of The Boeing Company (BA) in the open market. In a transaction dated Feb. 11, 2019, the shares were put up for sale at an average price of $408.85, raking in a sum of $873,712. After this sale, 55,978 common shares of BA are directly owned by the insider, with total stake valued at $20,095,923.
In the transaction dated Feb. 08, 2019, a great number of shares sold came courtesy the CFO & EVP, Ent Perf & Strategy; Smith Gregory D disposed a total of 19,500 shares at an average price of $401.38, amounting to approximately $7,826,910. The insider now directly owns 141,246 shares worth $50,707,375.The Boeing Company (BA) Analyst Guide
Several analysts have released their opinion on The Boeing Company (NYSE:BA), with 8 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 9 buy, 0 sell and 2 strong sell ratings, collectively assigning a 2.19 average brokerage recommendation [T1].