Police & Firemen s Retirement System of New Jersey Purchases 1,272 Shares of The Boeing Company $BA

Police & Firemen s Retirement System of New Jersey boosted its position in shares of The Boeing Company (NYSE:BA) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,044 shares of the aircraft producer’s stock after acquiring an additional 1,272 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Boeing were worth $23,058,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Harbor Asset Planning Inc. acquired a new stake in Boeing in the 2nd quarter valued at approximately $25,000. Piscataqua Savings Bank increased its holdings in shares of Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares during the period. Monetary Management Group Inc. grew its position in Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after buying an additional 50 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in Boeing in the 2nd quarter valued at approximately $35,000. Finally, IMG Wealth Management Inc. grew its holdings in shares of Boeing by 159.4% during the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after purchasing an additional 110 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BA shares. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and boosted their price target for the company from $242.00 to $270.00 in a report on Monday, September 8th. Loop Capital set a $223.00 target price on shares of Boeing in a research report on Monday, November 3rd. UBS Group reaffirmed a “buy” rating on shares of Boeing in a report on Thursday, October 30th. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Finally, Sanford C. Bernstein increased their price target on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $241.05.

Boeing Stock Performance

Shares of NYSE:BA opened at $195.63 on Thursday. The company has a 50 day moving average price of $214.27 and a two-hundred day moving average price of $214.50. The company has a market capitalization of $148.70 billion, a PE ratio of -14.30 and a beta of 1.44. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period last year, the business earned ($10.44) earnings per share. On average, sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The shares were bought at an average cost of $226.10 per share, with a total value of $497,420.00. Following the transaction, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.09% of the company’s stock.

Boeing Company 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.