Boeing (NYSE:BA) Shares Down 0.3% – Time to Sell?

The Boeing Company (NYSE:BA) dropped 0.3% during mid-day trading on Thursday . The company traded as low as $170.31 and last traded at $172.07. Approximately 1,406,016 shares were traded during trading, a decline of 84% from the average daily volume of 8,583,545 shares. The stock had previously closed at $172.62.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BA shares. Susquehanna boosted their target price on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Citigroup upped their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Finally, UBS Group boosted their target price on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $195.68.

Boeing Price Performance

The firm has a market capitalization of $133.75 billion, a P/E ratio of -9.73 and a beta of 1.53. The stock’s 50 day moving average is $172.98 and its two-hundred day moving average is $163.57.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the business earned ($0.47) earnings per share. As a group, equities research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Boeing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Keynote Financial Services LLC increased its position in shares of Boeing by 3.8% in the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock valued at $273,000 after acquiring an additional 57 shares during the last quarter. Chaney Capital Management Inc. increased its position in shares of Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock worth $508,000 after purchasing an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock worth $1,878,000 after purchasing an additional 59 shares in the last quarter. Center for Financial Planning Inc. boosted its holdings in shares of Boeing by 12.0% in the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after buying an additional 60 shares during the last quarter. Finally, Trek Financial LLC grew its stake in shares of Boeing by 2.7% in the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer’s stock valued at $408,000 after buying an additional 60 shares in the last quarter. 64.82% of the stock is currently 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.