Kentucky Retirement Systems Has $8.89 Million Stock Holdings in The Boeing Company (NYSE:BA)

Kentucky Retirement Systems lifted its holdings in The Boeing Company (NYSE:BA) by 23.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 50,213 shares of the aircraft producer’s stock after purchasing an additional 9,434 shares during the quarter. Kentucky Retirement Systems’ holdings in Boeing were worth $8,888,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Boeing during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the 4th quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the 4th quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC boosted its position in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Wells Fargo & Company upped their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Susquehanna upped their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Price Performance

BA stock opened at $180.77 on Friday. The stock has a market capitalization of $135.59 billion, a price-to-earnings ratio of -9.87 and a beta of 1.52. The business’s fifty day moving average price is $176.58 and its two-hundred day moving average price is $164.32. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10.

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 the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) earnings per share. Research analysts expect that The Boeing Company will post -2.32 EPS for the current 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.