California Public Employees Retirement System Has $155 Million Stock Holdings in The Boeing Company (NYSE:BA)

California Public Employees Retirement System increased its holdings in shares of The Boeing Company (NYSE:BA) by 10.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 875,678 shares of the aircraft producer’s stock after purchasing an additional 80,847 shares during the quarter. California Public Employees Retirement System’s holdings in Boeing were worth $154,995,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock worth $11,406,361,000 after buying an additional 12,641,715 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Boeing in the 4th quarter valued at approximately $230,944,000. Amundi boosted its position in Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after acquiring an additional 1,292,417 shares during the last quarter. Burkehill Global Management LP bought a new position in shares of Boeing during the 4th quarter worth approximately $212,400,000. Finally, Franklin Resources Inc. raised its holdings in shares of Boeing by 1,296.3% in the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after purchasing an additional 1,055,472 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BA shares. StockNews.com raised shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. UBS Group lifted their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Citigroup increased their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.68.

Boeing Stock Down 3.4 %

Shares of NYSE:BA opened at $172.98 on Monday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95. The company’s 50 day moving average price is $173.98 and its two-hundred day moving average price is $164.22. The firm has a market cap of $129.74 billion, a PE ratio of -9.44 and a beta of 1.53.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the business earned ($0.47) earnings per share. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by insiders.

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.