Kentucky Retirement Systems Insurance Trust Fund Has $3.71 Million Holdings in The Boeing Company (NYSE:BA)

Kentucky Retirement Systems Insurance Trust Fund lessened its stake in The Boeing Company (NYSE:BA - Free Report) by 11.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,762 shares of the aircraft producer's stock after selling 2,720 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Boeing were worth $3,712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American National Bank & Trust boosted its holdings in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after buying an additional 128 shares during the period. REAP Financial Group LLC lifted its position in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Anfield Capital Management LLC lifted its position in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 95 shares in the last quarter. Dogwood Wealth Management LLC lifted its position in shares of Boeing by 167.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 112 shares in the last quarter. Finally, Solstein Capital LLC bought a new stake in shares of Boeing in the fourth quarter worth $33,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Trading Up 1.3%

Shares of NYSE:BA traded up $2.63 on Monday, hitting $201.38. The company had a trading volume of 5,849,156 shares, compared to its average volume of 9,447,211. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $218.80. The stock has a market cap of $151.84 billion, a price-to-earnings ratio of -11.24 and a beta of 1.43. The stock has a 50 day moving average price of $193.38 and a 200 day moving average price of $178.60.

Boeing (NYSE:BA - Get Free Report) last released 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 company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter in the prior year, the firm earned ($1.13) earnings per share. Boeing's revenue for the quarter was up 17.7% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president now directly owns 13,258 shares in the company, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 over the last ninety days. Insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of research reports. Benchmark cut their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Melius Research set a $204.00 price objective on shares of Boeing in a research report on Monday, March 24th. Royal Bank Of Canada reissued a "cautious" rating on shares of Boeing in a research report on Thursday, June 12th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Finally, The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. Four analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and an average target price of $209.85.

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.