California Public Employees Retirement System Has $262.35 Million Stock Position in The Boeing Company (NYSE:BA)

California Public Employees Retirement System lowered its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,006,469 shares of the aircraft producer's stock after selling 30,575 shares during the period. California Public Employees Retirement System owned about 0.17% of Boeing worth $262,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. CNB Bank boosted its holdings in Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer's stock worth $25,000 after buying an additional 66 shares in the last quarter. Naples Money Management LLC purchased a new stake in Boeing during the fourth quarter worth about $44,000. M&R Capital Management Inc. boosted its holdings in Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer's stock worth $50,000 after buying an additional 50 shares in the last quarter. Keener Financial Planning LLC purchased a new stake in Boeing during the fourth quarter worth about $52,000. Finally, Park Place Capital Corp lifted its holdings in shares of Boeing by 185.1% in the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer's stock valued at $40,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on BA. TD Cowen reduced their price target on shares of Boeing from $275.00 to $230.00 and set an "outperform" rating on the stock in a report on Monday, March 25th. The Goldman Sachs Group reduced their price target on shares of Boeing from $268.00 to $257.00 and set a "buy" rating on the stock in a report on Monday, March 25th. UBS Group reduced their price target on shares of Boeing from $275.00 to $250.00 and set a "buy" rating on the stock in a report on Thursday, March 21st. Melius Research reissued a "hold" rating on shares of Boeing in a research report on Monday, April 1st. Finally, Wells Fargo & Company cut their price objective on shares of Boeing from $225.00 to $215.00 and set an "equal weight" rating for the company in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and a consensus price target of $226.71.

Boeing Trading Down 0.8 %

BA traded down $1.31 during trading on Tuesday, hitting $169.17. 7,584,261 shares of the company's stock were exchanged, compared to its average volume of 9,611,969. The Boeing Company has a 1 year low of $167.53 and a 1 year high of $267.54. The stock has a 50 day moving average price of $188.81 and a 200 day moving average price of $207.19. The firm has a market cap of $103.22 billion, a P/E ratio of -45.97, a price-to-earnings-growth ratio of 134.48 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analysts' expectations of $21.14 billion. During the same quarter in the prior year, the firm earned ($1.75) earnings per share. Boeing's quarterly revenue was up 10.2% compared to the same quarter last year. Analysts forecast that The Boeing Company will post 0.32 earnings per share for the current fiscal year.

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.