Utah Retirement Systems Purchases 21,200 Shares of The Boeing Company (NYSE:BA)

Utah Retirement Systems grew its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 22.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,339 shares of the aircraft producer's stock after acquiring an additional 21,200 shares during the period. Utah Retirement Systems' holdings in Boeing were worth $20,769,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BA. Keynote Financial Services LLC lifted its stake in Boeing by 3.8% during the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after purchasing an additional 57 shares during the period. Chaney Capital Management Inc. lifted its position in shares of Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after buying an additional 58 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in Boeing by 0.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock valued at $1,878,000 after buying an additional 59 shares in the last quarter. Center for Financial Planning Inc. grew its position in Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock valued at $99,000 after acquiring an additional 60 shares during the period. Finally, Trek Financial LLC raised its stake in Boeing by 2.7% during the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

BA stock traded up $2.60 during mid-day trading on Friday, hitting $185.49. 8,681,274 shares of the company were exchanged, compared to its average volume of 9,062,111. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The firm's 50 day simple moving average is $165.14 and its 200 day simple moving average is $165.82. The firm has a market cap of $139.86 billion, a P/E ratio of -10.13 and a beta of 1.40.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.13) EPS. On average, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on BA. Melius Research set a $204.00 target price on shares of Boeing in a report on Monday, March 24th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. UBS Group raised their price target on Boeing from $190.00 to $207.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $200.90.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by corporate insiders.

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.