Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Position in The Boeing Company (NYSE:BA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of The Boeing Company (NYSE:BA) by 24.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 158,957 shares of the aircraft producer’s stock after acquiring an additional 31,530 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Boeing were worth $28,135,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. State Street Corp boosted its holdings in shares of Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after purchasing an additional 636,594 shares during the period. Geode Capital Management LLC lifted its position in Boeing by 2.8% in the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock worth $1,774,705,000 after buying an additional 320,415 shares during the last quarter. Fisher Asset Management LLC lifted its position in Boeing by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer’s stock worth $890,469,000 after buying an additional 164,042 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock valued at $739,585,000 after acquiring an additional 981,796 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Boeing by 17.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer’s stock valued at $694,091,000 after acquiring an additional 581,987 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $172.82 on Friday. The firm has a market capitalization of $129.63 billion, a PE ratio of -9.43 and a beta of 1.53. The business’s 50-day moving average is $172.86 and its two-hundred day moving average is $163.54. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $196.95.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. As a group, sell-side 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 stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BA. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. increased their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. StockNews.com raised Boeing to a “sell” rating in a research note on Wednesday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their target price on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $195.68.

About Boeing

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.