National Pension Service Boosts Stake in The Boeing Company (NYSE:BA)

National Pension Service lifted its stake in shares of The Boeing Company (NYSE:BA) by 15.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,115,082 shares of the aircraft producer’s stock after acquiring an additional 149,846 shares during the period. National Pension Service’s holdings in Boeing were worth $197,370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Boeing by 23.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,998 shares of the aircraft producer’s stock worth $456,000 after acquiring an additional 570 shares during the last quarter. Modera Wealth Management LLC raised its position in shares of Boeing by 12.6% in the 3rd quarter. Modera Wealth Management LLC now owns 6,237 shares of the aircraft producer’s stock worth $948,000 after acquiring an additional 700 shares in the last quarter. Frank Rimerman Advisors LLC boosted its stake in Boeing by 4.6% during the third quarter. Frank Rimerman Advisors LLC now owns 2,906 shares of the aircraft producer’s stock worth $442,000 after acquiring an additional 128 shares in the last quarter. Concord Wealth Partners boosted its stake in Boeing by 34.4% in the 3rd quarter. Concord Wealth Partners now owns 504 shares of the aircraft producer’s stock worth $77,000 after purchasing an additional 129 shares in the last quarter. Finally, Orrstown Financial Services Inc. bought a new stake in Boeing in the 3rd quarter worth about $251,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BA shares. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Citigroup upped their price objective on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Boeing Price Performance

Shares of BA stock opened at $178.36 on Wednesday. The company has a market cap of $133.78 billion, a PE ratio of -9.74 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The stock’s 50 day simple moving average is $176.98 and its two-hundred day simple moving average is $164.55.

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

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.