Strs Ohio Invests $98.98 Million in The Boeing Company $BA

Strs Ohio acquired a new stake in shares of The Boeing Company (NYSE:BA) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 580,383 shares of the aircraft producer’s stock, valued at approximately $98,984,000. Strs Ohio owned about 0.08% of Boeing as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BA. Revolve Wealth Partners LLC bought a new stake in shares of Boeing during the 4th quarter valued at about $201,000. Bank Pictet & Cie Europe AG acquired a new stake in Boeing during the fourth quarter valued at approximately $7,837,000. Triumph Capital Management grew its position in Boeing by 12.8% in the fourth quarter. Triumph Capital Management now owns 9,557 shares of the aircraft producer’s stock worth $1,692,000 after acquiring an additional 1,084 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Boeing by 25.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,672 shares of the aircraft producer’s stock worth $13,040,000 after acquiring an additional 14,925 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its stake in Boeing by 21.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 24,229 shares of the aircraft producer’s stock valued at $4,289,000 after buying an additional 4,269 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.9%

BA opened at $227.41 on Thursday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The company has a 50-day simple moving average of $228.66 and a 200 day simple moving average of $198.67. The stock has a market capitalization of $171.96 billion, a price-to-earnings ratio of -13.77 and a beta of 1.48.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. The company’s revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the business earned ($2.90) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BA. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and increased their price target for the company from $242.00 to $270.00 in a report on Monday. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Thursday, June 12th. Bank of America lifted their price target on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Finally, KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $230.77.

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was purchased 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 in the company, valued at $497,420. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

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.