The Boeing Company (NYSE:BA) Shares Purchased by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado raised its stake in The Boeing Company (NYSE:BA) by 22.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,468 shares of the aircraft producer’s stock after buying an additional 17,733 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Boeing were worth $17,429,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in Boeing during the 3rd quarter valued at about $7,544,000. World Investment Advisors LLC grew its stake in shares of Boeing by 243.4% in the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock worth $818,000 after acquiring an additional 3,814 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of Boeing by 290.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer’s stock valued at $2,593,000 after acquiring an additional 12,680 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Boeing by 2.1% in the third quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer’s stock valued at $5,812,000 after acquiring an additional 804 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after purchasing an additional 1,055,472 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by company insiders.

Boeing Stock Up 0.9 %

Shares of BA stock opened at $177.92 on Monday. The stock has a market cap of $134.15 billion, a P/E ratio of -9.71 and a beta of 1.24. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $196.95. The business has a fifty day simple moving average of $164.87 and a 200-day simple moving average of $164.82.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BA shares. Melius raised Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Susquehanna boosted their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $198.45.

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.