Oregon Public Employees Retirement Fund Has $11.35 Million Position in The Boeing Company (NYSE:BA)

Oregon Public Employees Retirement Fund raised its holdings in The Boeing Company (NYSE:BA) by 27.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,111 shares of the aircraft producer’s stock after acquiring an additional 13,969 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Boeing were worth $11,348,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Boeing in the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing in the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the 3rd quarter worth $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the fourth quarter worth about $28,000. Finally, HighMark Wealth Management LLC grew its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 0.9 %

Shares of NYSE:BA opened at $178.36 on Wednesday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10. The company has a market cap of $133.78 billion, a PE ratio of -9.74 and a beta of 1.52. The stock has a 50 day moving average of $176.98 and a 200 day moving average of $164.55.

Boeing (NYSE:BA) last announced 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 period in the previous year, the firm earned ($0.47) EPS. Equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Susquehanna increased their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

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.