Public Employees Retirement System of Ohio Acquires Shares of 300,673 The Boeing Company (NYSE:BA)

Public Employees Retirement System of Ohio bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 300,673 shares of the aircraft producer's stock, valued at approximately $53,219,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in 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 in the last quarter. Geode Capital Management LLC boosted its position in Boeing by 29.5% in 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 buying an additional 3,452,075 shares during the last quarter. Northern Trust Corp grew its stake in shares of 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. Fisher Asset Management LLC increased its position in shares of Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after acquiring an additional 164,042 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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 worth $739,585,000 after acquiring an additional 981,796 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Benchmark reduced their target price on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Citigroup reissued a "buy" rating on shares of Boeing in a research report on Thursday. Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Boeing currently has an average rating of "Moderate Buy" and a consensus target price of $204.35.

Boeing Stock Performance

BA stock opened at $203.39 on Friday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $209.66. The stock has a market capitalization of $153.36 billion, a price-to-earnings ratio of -11.10 and a beta of 1.41. The stock's fifty day moving average is $175.36 and its two-hundred day moving average is $169.97.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $19.57 billion. The firm's revenue was up 17.7% on a year-over-year basis. During the same period last year, the business earned ($1.13) EPS. As a group, analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.

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