Arizona State Retirement System Increases Stock Holdings in The Boeing Company (NYSE:BA)

Arizona State Retirement System increased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 219,569 shares of the aircraft producer's stock after acquiring an additional 9,050 shares during the quarter. Arizona State Retirement System's holdings in Boeing were worth $37,447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American National Bank & Trust lifted its stake in shares of Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after buying an additional 128 shares during the period. REAP Financial Group LLC increased its holdings in Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after buying an additional 65 shares during the period. Dogwood Wealth Management LLC boosted its holdings in shares of Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 112 shares during the last quarter. Solstein Capital LLC acquired a new stake in shares of Boeing in the fourth quarter worth $33,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Boeing during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Trading Up 0.3%

Shares of Boeing stock traded up $0.59 on Friday, reaching $226.68. 6,527,919 shares of the stock were exchanged, compared to its average volume of 9,537,229. The firm has a market capitalization of $170.92 billion, a PE ratio of -12.65 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $230.20. The business has a fifty day moving average price of $206.14 and a two-hundred day moving average price of $182.96.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts' consensus estimates 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. The firm's quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.13) earnings per share. Research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

BA has been the topic of several analyst reports. Melius Research set a $204.00 price target on Boeing in a research report on Monday, March 24th. Redburn Atlantic raised Boeing from a "hold" rating to a "strong-buy" rating and boosted their price target for the company from $180.00 to $275.00 in a report on Friday, June 27th. Benchmark lowered their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. UBS Group lifted their target price on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Wall Street Zen cut Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $216.32.

Insider Activity

In other news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president owned 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president owned 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,744 shares of company stock worth $1,511,370. Company insiders own 0.09% 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.