Boeing (NYSE:BA) Stock Price Down 1.4%

The Boeing Company (NYSE:BA)’s stock price dropped 1.4% during trading on Monday . The stock traded as low as $183.83 and last traded at $184.33. Approximately 1,103,414 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 8,110,409 shares. The stock had previously closed at $186.89.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Sanford C. Bernstein lowered their target price on Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Morgan Stanley cut their price objective on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Finally, Robert W. Baird reduced their price objective on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Price Performance

The firm’s 50-day moving average is $181.76 and its two-hundred day moving average is $187.75.

Institutional Trading of Boeing

A number of large investors have recently made changes to their positions in the business. Capital Research Global Investors raised its position in Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after purchasing an additional 4,425,964 shares during the period. Jennison Associates LLC bought a new stake in Boeing in the fourth quarter worth $960,397,000. Wellington Management Group LLP boosted its stake in Boeing by 563.9% during the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after buying an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD increased its position in Boeing by 23.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after acquiring an additional 1,884,850 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Boeing by 861.6% in the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after acquiring an additional 1,617,151 shares during the period. 64.82% of the stock is currently owned by institutional investors.

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.