The Boeing Company (NYSE:BA) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 6.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,402 shares of the aircraft producer's stock after purchasing an additional 6,221 shares during the period. Public Sector Pension Investment Board's holdings in Boeing were worth $17,465,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wood Tarver Financial Group LLC grew its stake in Boeing by 14.3% during the first quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock worth $75,000 after buying an additional 55 shares during the period. Signature Wealth Management Partners LLC grew its stake in Boeing by 2.0% during the first quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer's stock worth $493,000 after buying an additional 57 shares during the period. Byrne Financial Freedom LLC grew its stake in Boeing by 3.0% during the first quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock worth $340,000 after buying an additional 58 shares during the period. HighPoint Advisor Group LLC grew its stake in Boeing by 0.3% during the first quarter. HighPoint Advisor Group LLC now owns 19,657 shares of the aircraft producer's stock worth $3,578,000 after buying an additional 58 shares during the period. Finally, WBH Advisory Inc. grew its stake in Boeing by 2.6% during the first quarter. WBH Advisory Inc. now owns 2,304 shares of the aircraft producer's stock worth $393,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on BA. TD Securities downgraded shares of Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Jefferies Financial Group boosted their price objective on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. UBS Group set a $280.00 price objective on shares of Boeing and gave the stock a "buy" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group set a $212.00 target price on shares of Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, Benchmark decreased their target price on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $228.90.

Insider Buying and Selling at Boeing

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the 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 sale, the senior vice president directly owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.09% of the company's stock.

Boeing Price Performance

NYSE BA opened at $226.01 on Tuesday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The company has a market capitalization of $170.90 billion, a price-to-earnings ratio of -13.69 and a beta of 1.48. The company's fifty day moving average price is $217.68 and its two-hundred day moving average price is $191.12.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. Boeing's revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the business earned ($2.90) EPS. As a group, analysts anticipate that The Boeing Company will post -2.58 EPS for the current 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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