Boeing (NYSE:BA) Trading Up 0.4%

The Boeing Company (NYSE:BA)’s share price traded up 0.4% during mid-day trading on Wednesday . The company traded as high as $186.32 and last traded at $185.55. 909,386 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 9,056,766 shares. The stock had previously closed at $184.78.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Argus cut Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a research report on Wednesday, April 17th. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Wells Fargo & Company decreased their price objective on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $240.00 price objective on shares of Boeing in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Boeing currently has an average rating of “Hold” and a consensus price target of $221.24.

Boeing Stock Up 0.1 %

The business has a fifty day simple moving average of $179.28 and a 200-day simple moving average of $205.93. The firm has a market cap of $113.53 billion, a P/E ratio of -52.27 and a beta of 1.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. On average, sell-side analysts anticipate that The Boeing Company will post -0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Boeing

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Research Global Investors boosted its position in Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after purchasing an additional 4,425,964 shares during the last quarter. Jennison Associates LLC purchased a new position in Boeing in the 4th quarter worth approximately $960,397,000. Wellington Management Group LLP lifted its holdings in Boeing by 563.9% in the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after purchasing an additional 1,884,850 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of Boeing by 861.6% during the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock worth $467,338,000 after acquiring an additional 1,617,151 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.