New York State Common Retirement Fund Grows Stock Holdings in The Boeing Company (NYSE:BA)

New York State Common Retirement Fund lifted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,057,661 shares of the aircraft producer's stock after purchasing an additional 54,513 shares during the period. New York State Common Retirement Fund owned about 0.14% of Boeing worth $180,384,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BA. Vanguard Group Inc. grew its holdings in shares of Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC grew its holdings 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. Castlekeep Investment Advisors LLC bought a new stake in Boeing in the 4th quarter worth $568,000. Alyeska Investment Group L.P. bought a new stake in Boeing in the 4th quarter worth $526,889,000. Finally, Zimmer Partners LP bought a new stake in Boeing in the 4th quarter worth $393,736,000. Institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BA shares. UBS Group raised their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Sanford C. Bernstein reissued an "outperform" rating on shares of Boeing in a report on Monday. TD Securities lowered shares of Boeing to a "cautious" rating in a report on Thursday, May 22nd. Citigroup raised their price target on shares of Boeing from $220.00 to $270.00 and gave the stock a "buy" rating in a report on Monday. Finally, Melius Research set a $204.00 target price on shares of Boeing in a research note on Monday, March 24th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $219.95.

Boeing Trading Down 0.1%

BA stock traded down $0.17 during midday trading on Wednesday, reaching $229.83. 7,462,610 shares of the company's stock traded hands, compared to its average volume of 9,559,198. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $233.61. The stock has a market cap of $173.29 billion, a P/E ratio of -12.83 and a beta of 1.41. The stock's 50-day moving average is $207.90 and its 200 day moving average is $183.67.

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, topping analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.13) earnings per share. As a group, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares in the company, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president directly owned 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by insiders.

Boeing 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.