Boeing (NYSE:BA) Stock Price Down 1% - Time to Sell?

The Boeing Company (NYSE:BA - Get Free Report) shares dropped 1% on Tuesday . The company traded as low as $213.63 and last traded at $215.23. Approximately 2,191,786 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 9,215,140 shares. The stock had previously closed at $217.51.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research analyst reports. Cowen reaffirmed a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $181.00 to $218.00 in a report on Monday, April 28th. TD Securities lowered shares of Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Melius Research set a $204.00 price objective on shares of Boeing in a research report on Monday, March 24th. Finally, Citigroup restated a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $209.35.

Boeing Trading Down 0.8%

The firm's 50-day moving average price is $184.87 and its 200 day moving average price is $175.81. The company has a market capitalization of $161.42 billion, a price-to-earnings ratio of -11.69 and a beta of 1.43.

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

Insider Transactions at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,744 shares of company stock valued at $1,511,370. Corporate insiders own 0.09% of the company's stock.

Hedge Funds Weigh In On Boeing

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Boeing in the 4th quarter valued at approximately $26,000. American National Bank & Trust grew its stake in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after purchasing an additional 128 shares during the last quarter. HighMark Wealth Management LLC increased its holdings in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after purchasing an additional 90 shares during the period. REAP Financial Group LLC increased its holdings in Boeing by 60.2% in the fourth 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 during the period. Finally, Anfield Capital Management LLC raised its position in Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Company Profile

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.