South Dakota Investment Council Buys 1,300 Shares of The Boeing Company (NYSE:BA)

South Dakota Investment Council lifted its holdings in The Boeing Company (NYSE:BA - Free Report) by 13.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,930 shares of the aircraft producer's stock after buying an additional 1,300 shares during the quarter. South Dakota Investment Council's holdings in Boeing were worth $1,864,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Revolve Wealth Partners LLC bought a new stake in Boeing in the 4th quarter valued at approximately $201,000. Bank Pictet & Cie Europe AG bought a new stake in shares of Boeing during the 4th quarter worth approximately $7,837,000. Proficio Capital Partners LLC bought a new stake in shares of Boeing during the 4th quarter worth approximately $293,000. Teacher Retirement System of Texas raised its stake in shares of Boeing by 997.8% during the 4th quarter. Teacher Retirement System of Texas now owns 42,980 shares of the aircraft producer's stock worth $7,607,000 after purchasing an additional 39,065 shares in the last quarter. Finally, Summit Global Investments raised its stake in shares of Boeing by 47.9% during the 4th quarter. Summit Global Investments now owns 2,385 shares of the aircraft producer's stock worth $422,000 after purchasing an additional 772 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research reports. Bank of America raised Boeing from a "neutral" rating to a "buy" rating and upped their price objective for the company from $185.00 to $260.00 in a report on Monday, June 2nd. TD Securities lowered Boeing to a "cautious" rating in a report on Thursday, May 22nd. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the company a "buy" rating in a report on Thursday, June 12th. Susquehanna reaffirmed a "positive" rating on shares of Boeing in a report on Monday, July 14th. Finally, Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $221.55.

Insider Activity at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of the firm's 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 completion of the sale, the senior vice president directly owned 13,258 shares of the company's stock, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president directly owned 42,513 shares of the company's stock, valued at $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 three months, insiders sold 7,744 shares of company stock valued at $1,511,370. Insiders own 0.09% of the company's stock.

Boeing Price Performance

NYSE BA traded up $0.05 during trading hours on Thursday, hitting $233.93. The company's stock had a trading volume of 1,763,510 shares, compared to its average volume of 8,548,229. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $235.27. The company's 50 day simple moving average is $211.97 and its two-hundred day simple moving average is $185.92. The company has a market cap of $176.39 billion, a P/E ratio of -13.05 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. The firm's revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the company posted ($1.13) EPS. As a group, research analysts predict that The Boeing Company will post -2.58 earnings per share 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.