Boeing Co. (NYSE: BA) stock jumped 4.65% on Monday to $217.71 against a previous-day closing price of $208.04. With 11.56 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.26 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $218.88 whereas the lowest price it dropped to was $210.94. The 52-week range on BA shows that it touched its highest point at $243.10 and its lowest point at $171.00 during that stretch. It currently has a 1-year price target of $243.41. Beta for the stock currently stands at 1.49.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BA was up-trending over the past week, with a rise of 6.44%, but this was up by 20.92% over a month. Three-month performance dropped to -5.37% while six-month performance rose 5.73%. The stock gained 26.00% in the past year, while it has gained 14.29% so far this year. A look at the trailing 12-month EPS for BA yields -4.69 with Next year EPS estimates of 4.35. For the next quarter, that number is -0.89. This implies an EPS growth rate of 44.82% for this year and 171.32% for next year.
Float and Shares Shorts:
At present, 604.98 million BA shares are outstanding with a float of 604.09 million shares on hand for trading. On Oct 30, 2023, short shares totaled 10.24 million, which was 1.69% higher than short shares on Sep 28, 2023. In addition to Mr. David L. Calhoun as the firm’s President, CEO & Director, Mr. Brian J. West serves as its Executive VP of Finance & CFO.
Institutional Ownership:
Other institutions hold 31.71% of BA, in contrast to 31.09% held by mutual funds. Shares owned by individuals account for 0.93%. As the largest shareholder in BA with 7.50% of the stake, The Vanguard Group, Inc. holds 45,391,447 shares worth 45,391,447. A second-largest stockholder of BA, Newport Trust Co., holds 33,374,951 shares, controlling over 5.52% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in BA, holding 28,313,600 shares or 4.68% stake. With a 3.12% stake in BA, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 18,883,397 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.26% of BA stock, is the second-largest Mutual Fund holder. It holds 13,692,564 shares valued at 2.56 billion. American Funds Growth Fund of Ame holds 1.19% of the stake in BA, owning 7,170,595 shares worth 1.34 billion.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BA analysts setting a high price target of $275.00 and a low target of $190.00, the average target price over the next 12 months is $243.41. Based on these targets, BA could surge 26.31% to reach the target high and fall by -12.73% to reach the target low. Reaching the average price target will result in a growth of 11.8% from current levels.
Summary of Insider Activity:
Insiders traded BA stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 195,257 while 24,864 shares were sold.
