Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Position in The Boeing Company (NYSE:BA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 24.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,957 shares of the aircraft producer's stock after purchasing an additional 31,530 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Boeing were worth $28,135,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock worth $4,223,397,000 after acquiring an additional 636,594 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Boeing by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer's stock valued at $1,774,705,000 after acquiring an additional 320,415 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after buying an additional 164,042 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock worth $739,585,000 after buying an additional 981,796 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Boeing by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer's stock worth $694,091,000 after purchasing an additional 581,987 shares during the period. Institutional investors own 64.82% of the company's stock.

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Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on 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 sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company's stock.

Boeing Stock Performance

BA stock traded up $5.49 during midday trading on Friday, reaching $178.32. The company's stock had a trading volume of 26,776,050 shares, compared to its average volume of 8,659,008. The firm has a market capitalization of $133.75 billion, a price-to-earnings ratio of -9.73 and a beta of 1.53. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $196.95. The stock has a fifty day simple moving average of $172.98 and a two-hundred day simple moving average of $163.57.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the firm earned ($0.47) EPS. As a group, analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their price objective on Boeing from $103.00 to $113.00 and gave the company an "underweight" rating in a research note on Monday, March 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, StockNews.com raised shares of Boeing to a "sell" rating in a research report on Wednesday, March 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $195.68.

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.