Boeing (NYSE:BA) Stock Price Down 1.4% - What's Next?

The Boeing Company (NYSE:BA - Get Free Report) shares fell 1.4% on Wednesday . The stock traded as low as $204.85 and last traded at $204.68. 1,398,133 shares were traded during mid-day trading, a decline of 85% from the average session volume of 9,181,184 shares. The stock had previously closed at $207.67.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BA shares. Citigroup increased their price target on shares of Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Morgan Stanley reiterated a "positive" rating on shares of Boeing in a report on Friday, May 16th. Benchmark reduced their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. UBS Group boosted their target price on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, TD Securities restated a "buy" rating and issued a $180.00 price target on shares of Boeing in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $204.35.

Boeing Price Performance

The stock has a market cap of $153.52 billion, a P/E ratio of -11.13 and a beta of 1.41. The company has a fifty day moving average price of $173.70 and a 200 day moving average price of $169.40.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. Boeing's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.13) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president now owns 13,258 shares in the company, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,903 shares of company stock worth $2,082,169 in the last ninety days. 0.09% of the stock is owned by insiders.

Hedge Funds Weigh In On Boeing

Several large investors have recently added to or reduced their stakes in BA. Vanguard Group Inc. boosted its position in shares of Boeing by 1.9% during the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock worth $11,197,468,000 after acquiring an additional 1,212,327 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the last quarter. Northern Trust Corp increased its position in Boeing by 33.6% during the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after acquiring an additional 1,634,231 shares during the last quarter. Fisher Asset Management LLC raised its position in Boeing by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after purchasing an additional 164,042 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Boeing by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer's stock worth $715,979,000 after acquiring an additional 19,615 shares during the last quarter. Hedge funds and other institutional investors 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.

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