Public Employees Retirement Association of Colorado Increases Stock Position in The Boeing Company (NYSE:BA)

Public Employees Retirement Association of Colorado grew its position in The Boeing Company (NYSE:BA - Free Report) by 22.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,468 shares of the aircraft producer's stock after buying an additional 17,733 shares during the period. Public Employees Retirement Association of Colorado's holdings in Boeing were worth $17,429,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Virtu Financial LLC purchased a new position in Boeing during the 3rd quarter worth approximately $7,544,000. World Investment Advisors LLC grew its stake in Boeing by 243.4% in the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock valued at $818,000 after acquiring an additional 3,814 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Boeing by 290.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer's stock valued at $2,593,000 after acquiring an additional 12,680 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Boeing by 2.1% during the 3rd quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer's stock worth $5,812,000 after purchasing an additional 804 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock worth $169,386,000 after acquiring an additional 1,055,472 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

BA has been the topic of several research reports. Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. TD Securities restated a "buy" rating and issued a $180.00 price target on shares of Boeing in a research note on Thursday, April 24th. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. UBS Group increased their price objective on Boeing from $190.00 to $207.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $200.90.

Boeing Stock Up 0.1 %

Shares of BA traded up $0.11 during trading hours on Thursday, hitting $183.35. The company had a trading volume of 4,004,880 shares, compared to its average volume of 9,029,314. The firm has a market cap of $138.24 billion, a P/E ratio of -10.01 and a beta of 1.24. The stock's 50 day moving average price is $164.94 and its 200 day moving average price is $165.28. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95.

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, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. The firm's quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.13) EPS. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal 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.