Boeing (NYSE:BA) Stock Price Down 1% – What’s Next?

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

Wall Street Analysts Forecast Growth

BA has been the topic of several recent analyst reports. UBS Group boosted their price target on Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. TD Securities lowered Boeing to a “cautious” rating in a research report on Thursday, May 22nd. Jefferies Financial Group boosted their price objective on Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Wall Street Zen downgraded Boeing from a “hold” rating to a “sell” rating in a research note on Saturday, May 17th. Finally, Sanford C. Bernstein upgraded shares of Boeing from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. 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 company’s stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $209.35.

Boeing Stock Down 1.2%

The firm’s 50-day moving average is $183.57 and its 200-day moving average is $175.53. The company has a market capitalization of $161.99 billion, a PE ratio of -11.73 and a beta of 1.43.

Boeing (NYSE:BA) 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 analysts’ expectations of $19.57 billion. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.13) EPS. As a group, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction 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 transaction, the senior vice president now owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the sale, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock worth $1,511,370 over the last 90 days. 0.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sierra Ocean LLC purchased a new position in Boeing in the fourth quarter worth $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 valued at $26,000 after buying an additional 128 shares in the last quarter. HighMark Wealth Management LLC raised its stake in shares of Boeing by 121.6% during 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 boosted 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 last quarter. Finally, Anfield Capital Management LLC raised its holdings in Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after acquiring an additional 95 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

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.