Retirement Systems of Alabama Buys 33,932 Shares of The Boeing Company (NYSE:BA)

Retirement Systems of Alabama grew its position in The Boeing Company (NYSE:BA) by 26.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 161,857 shares of the aircraft producer’s stock after purchasing an additional 33,932 shares during the period. Retirement Systems of Alabama’s holdings in Boeing were worth $28,649,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new position in Boeing in the fourth quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. acquired a new stake in Boeing during the 4th quarter valued at $28,000. Cedar Wealth Management LLC bought a new position in Boeing in the 3rd quarter valued at $30,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing in the fourth quarter worth $33,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 3.2 %

Shares of NYSE BA opened at $181.80 on Thursday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $213.77. The company’s fifty day moving average is $170.47 and its 200-day moving average is $164.00. The stock has a market cap of $112.39 billion, a price-to-earnings ratio of -9.92 and a beta of 1.52.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 anticipate that The Boeing Company will post -2.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on BA shares. UBS Group lifted their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Citigroup dropped their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

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.