Boeing (NYSE:BA) Shares Down 0.9% on Insider Selling

The Boeing Company (NYSE:BA - Get Free Report)'s stock price was down 0.9% during trading on Monday following insider selling activity. The company traded as low as $202.30 and last traded at $203.97. Approximately 1,975,378 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 9,197,213 shares. The stock had previously closed at $205.82.

Specifically, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president now directly owns 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president now owns 20,513 shares of the company's stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BA. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, April 23rd. Susquehanna restated a "positive" rating and set a $240.00 price objective (up from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a research note on Thursday. Citigroup reissued a "buy" rating on shares of Boeing in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $204.35.

Boeing Stock Down 0.5%

The company has a 50 day simple moving average of $175.36 and a 200-day simple moving average of $169.97. The stock has a market cap of $152.68 billion, a price-to-earnings ratio of -11.05 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same period in the prior year, the company earned ($1.13) EPS. Boeing's quarterly revenue was up 17.7% on a year-over-year basis. On average, equities research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Institutional Trading of Boeing

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sierra Ocean LLC bought a new stake in shares of Boeing in the 4th quarter worth $26,000. American National Bank & Trust grew its holdings in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after acquiring an additional 128 shares during the period. Fiduciary Advisors Inc. bought a new stake in Boeing in the fourth quarter worth about $28,000. HighMark Wealth Management LLC lifted its holdings in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after acquiring an additional 90 shares during the last quarter. Finally, REAP Financial Group LLC boosted its position in shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.