Boeing (NYSE:BA) Trading Up 0.7%

Shares of The Boeing Company (NYSE:BA) were up 0.7% during trading on Wednesday . The stock traded as high as $178.16 and last traded at $177.86. Approximately 1,020,025 shares traded hands during trading, a decline of 89% from the average daily volume of 9,507,688 shares. The stock had previously closed at $176.71.

Analysts Set New Price Targets

Several brokerages have issued reports on BA. Royal Bank of Canada decreased their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. The Goldman Sachs Group lowered their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. JPMorgan Chase & Co. reduced their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Finally, Melius Research reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $222.41.

Boeing Trading Up 2.1 %

The company has a market capitalization of $110.71 billion, a P/E ratio of -50.10 and a beta of 1.54. The stock has a 50 day moving average of $182.80 and a 200-day moving average of $206.14.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Capital Research Global Investors grew its stake 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 acquiring an additional 4,425,964 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Boeing in the fourth quarter worth about $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 valued at $896,434,000 after buying an additional 2,921,043 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake 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 acquiring an additional 1,884,850 shares during 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. Hedge funds and other institutional investors own 64.82% of the company’s stock.

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.