The Boeing Company (NYSE:BA) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in The Boeing Company (NYSE:BA - Free Report) by 235.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 144,097 shares of the aircraft producer's stock after buying an additional 101,117 shares during the quarter. Teacher Retirement System of Texas' holdings in Boeing were worth $24,576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Novem Group boosted its position in shares of Boeing by 4.6% in the 1st quarter. Novem Group now owns 5,070 shares of the aircraft producer's stock worth $865,000 after purchasing an additional 223 shares in the last quarter. Weaver Consulting Group lifted its stake in Boeing by 10.1% in the 1st quarter. Weaver Consulting Group now owns 13,070 shares of the aircraft producer's stock worth $2,229,000 after purchasing an additional 1,196 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Boeing by 7.6% in the first quarter. Private Trust Co. NA now owns 4,266 shares of the aircraft producer's stock valued at $728,000 after purchasing an additional 303 shares during the period. Mainstream Capital Management LLC grew its position in Boeing by 16.7% in the first quarter. Mainstream Capital Management LLC now owns 1,592 shares of the aircraft producer's stock worth $272,000 after acquiring an additional 228 shares during the period. Finally, McGinn Penninger Investment Management Inc. raised its stake in shares of Boeing by 4.6% in the 1st quarter. McGinn Penninger Investment Management Inc. now owns 27,805 shares of the aircraft producer's stock valued at $4,742,000 after acquiring an additional 1,230 shares during the period. 64.82% of the stock is owned by institutional investors.

Insider Transactions at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of the company'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 sale, the senior vice president owned 13,258 shares in the company, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president directly owned 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by insiders.

Boeing Stock Performance

Shares of NYSE BA traded up $3.72 during midday trading on Friday, reaching $215.75. The stock had a trading volume of 4,476,122 shares, compared to its average volume of 9,472,233. The company's 50 day moving average price is $201.38 and its 200 day moving average price is $181.06. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $218.80. The firm has a market cap of $162.68 billion, a price-to-earnings ratio of -12.04 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 the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. Boeing's revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.13) EPS. Equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the topic of several analyst reports. Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Jefferies Financial Group lifted their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reaffirmed a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Citigroup reissued a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Finally, Redburn Atlantic upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating and upped their target price for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Four 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $215.77.

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.