California State Teachers Retirement System Acquires 209,614 Shares of The Boeing Company (NYSE:BA)

California State Teachers Retirement System increased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 22.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,162,820 shares of the aircraft producer's stock after buying an additional 209,614 shares during the quarter. California State Teachers Retirement System owned 0.16% of Boeing worth $205,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after acquiring an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the last quarter. Northern Trust Corp raised its stake in shares of Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after purchasing an additional 1,634,231 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Boeing by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after buying an additional 164,042 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after buying an additional 981,796 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on BA. Melius Research set a $204.00 price objective on shares of Boeing in a research report on Monday, March 24th. UBS Group lifted their price target on shares of Boeing from $190.00 to $207.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $181.00 to $218.00 in a report on Monday. Benchmark lowered their target price on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Finally, Wells Fargo & Company reiterated an "underweight" rating and set a $140.00 price target (up previously from $111.00) on shares of Boeing in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Boeing has an average rating of "Moderate Buy" and an average price target of $200.90.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by insiders.

Boeing Trading Up 0.7 %

Shares of BA traded up $1.22 during mid-day trading on Wednesday, reaching $183.22. 6,254,686 shares of the stock traded hands, compared to its average volume of 9,048,370. The company has a market cap of $138.15 billion, a price-to-earnings ratio of -10.00 and a beta of 1.24. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $196.95. The firm has a fifty day moving average price of $164.82 and a 200 day moving average price of $165.16.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. Boeing's revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.13) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

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.