Louisiana State Employees Retirement System Has $7.12 Million Stake in The Boeing Company (NYSE:BA)

Louisiana State Employees Retirement System raised its holdings in The Boeing Company (NYSE:BA) by 21.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,200 shares of the aircraft producer’s stock after buying an additional 7,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Boeing were worth $7,115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC increased its holdings in Boeing by 691.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock worth $262,000 after buying an additional 1,507 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Boeing in the 3rd quarter valued at about $141,000. NBC Securities Inc. increased its stake in shares of Boeing by 11.7% during the 3rd quarter. NBC Securities Inc. now owns 5,636 shares of the aircraft producer’s stock worth $856,000 after purchasing an additional 592 shares during the last quarter. Edge Wealth Management LLC raised its holdings in shares of Boeing by 11.5% in the 3rd quarter. Edge Wealth Management LLC now owns 2,897 shares of the aircraft producer’s stock valued at $440,000 after purchasing an additional 298 shares during the period. Finally, Ullmann Wealth Partners Group LLC lifted its stake in Boeing by 28.6% in the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 1,614 shares of the aircraft producer’s stock valued at $245,000 after purchasing an additional 359 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on BA. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Wells Fargo & Company lifted their price objective on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Finally, Citigroup increased their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Trading Down 0.0 %

NYSE BA opened at $180.51 on Wednesday. The company has a market cap of $135.39 billion, a price-to-earnings ratio of -9.85 and a beta of 1.52. The company has a 50 day moving average of $172.70 and a 200-day moving average of $163.99. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $209.80.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the business earned ($0.47) earnings per share. On average, equities research analysts forecast that The Boeing Company will post -2.3 earnings per share for the current year.

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.