New York State Teachers Retirement System Buys 1,384 Shares of The Boeing Company (NYSE:BA)

New York State Teachers Retirement System boosted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 0.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 556,413 shares of the aircraft producer's stock after acquiring an additional 1,384 shares during the quarter. New York State Teachers Retirement System owned 0.07% of Boeing worth $94,896,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BA. Vanguard Group Inc. grew its stake in Boeing by 24.4% in 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 purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC increased its holdings in Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after buying an additional 3,452,075 shares during the last quarter. Northern Trust Corp raised its position in Boeing by 33.6% during the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after acquiring an additional 1,634,231 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Boeing by 30.7% in 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 acquiring an additional 981,796 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new stake in Boeing in the fourth quarter worth approximately $568,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president owned 20,513 shares of the company's stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were 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 directly owned 42,513 shares of the company's stock, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by insiders.

Boeing Price Performance

Shares of NYSE BA traded up $0.42 during midday trading on Tuesday, hitting $209.95. The stock had a trading volume of 5,966,695 shares, compared to its average volume of 9,458,315. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80. The firm has a market cap of $158.30 billion, a P/E ratio of -11.72 and a beta of 1.41. The company's 50-day simple moving average is $198.86 and its 200 day simple moving average is $180.35.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same quarter in the previous year, the company posted ($1.13) earnings per share. The business's revenue for the quarter was up 17.7% on a year-over-year basis. Equities analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Cowen reissued a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. 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, April 28th. Morgan Stanley set a $200.00 target price on Boeing and gave the stock an "equal weight" rating in a report on Thursday, June 12th. Citigroup reaffirmed a "buy" rating on shares of Boeing in a research report on Thursday, May 22nd. Finally, UBS Group lifted their price target on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and an average target price of $215.77.

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.