National Pension Service Increases Position in The Boeing Company (NYSE:BA)

National Pension Service increased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 856,491 shares of the aircraft producer's stock after acquiring an additional 16,605 shares during the period. National Pension Service owned about 0.14% of Boeing worth $223,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BA. CNB Bank raised its stake in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer's stock valued at $25,000 after acquiring an additional 66 shares during the last quarter. Evolution Advisers Inc. bought a new position in Boeing in the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. bought a new position in Boeing in the 4th quarter worth approximately $28,000. Naples Money Management LLC bought a new position in Boeing in the 4th quarter worth approximately $44,000. Finally, Blue Bell Private Wealth Management LLC raised its position in Boeing by 66.2% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer's stock worth $45,000 after purchasing an additional 94 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 0.5 %

Shares of NYSE BA traded up $0.94 during trading hours on Thursday, hitting $181.29. 5,094,057 shares of the company traded hands, compared to its average volume of 9,504,012. The company's 50 day moving average price is $182.26 and its 200 day moving average price is $205.96. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The stock has a market capitalization of $111.29 billion, a price-to-earnings ratio of -51.06 and a beta of 1.54.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Benchmark restated a "buy" rating and issued a $250.00 price objective on shares of Boeing in a research report on Tuesday, March 26th. Northcoast Research lowered shares of Boeing from a "neutral" rating to a "sell" rating and set a $140.00 target price for the company. in a report on Wednesday, April 17th. Citigroup lowered their target price on shares of Boeing from $252.00 to $224.00 and set a "buy" rating for the company in a report on Thursday, April 25th. Morgan Stanley decreased their price target on shares of Boeing from $235.00 to $180.00 and set an "equal weight" rating for the company in a report on Wednesday, April 10th. Finally, Barclays decreased their price objective on Boeing from $235.00 to $190.00 and set an "equal weight" rating for the company in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Boeing presently has an average rating of "Hold" and a consensus price target of $222.41.

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.