The Boeing Company (NYSE:BA) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund raised its stake in shares of The Boeing Company (NYSE:BA) by 35.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,003,148 shares of the aircraft producer’s stock after buying an additional 260,054 shares during the period. New York State Common Retirement Fund owned approximately 0.16% of Boeing worth $177,557,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vest Financial LLC boosted its stake in Boeing by 202.1% during the 3rd quarter. Vest Financial LLC now owns 4,329 shares of the aircraft producer’s stock valued at $658,000 after purchasing an additional 2,896 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Boeing by 90.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 71,090 shares of the aircraft producer’s stock valued at $10,809,000 after buying an additional 33,695 shares during the period. Venture Visionary Partners LLC boosted its stake in Boeing by 2.2% during the third quarter. Venture Visionary Partners LLC now owns 11,555 shares of the aircraft producer’s stock valued at $1,757,000 after buying an additional 247 shares in the last quarter. Jade Capital Advisors LLC bought a new position in Boeing during the third quarter valued at about $4,713,000. Finally, Calton & Associates Inc. acquired a new position in Boeing during the third quarter worth about $270,000. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BA shares. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Robert W. Baird dropped their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Morgan Stanley reduced their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Up 0.2 %

Shares of NYSE:BA opened at $184.73 on Wednesday. The firm has a fifty day moving average of $175.92 and a two-hundred day moving average of $164.05. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10. The firm has a market capitalization of $138.56 billion, a P/E ratio of -10.08 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data 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. Equities research analysts expect that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

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.