Kentucky Retirement Systems Insurance Trust Fund Buys 7,151 Shares of The Boeing Company (NYSE:BA)

Kentucky Retirement Systems Insurance Trust Fund boosted its stake in The Boeing Company (NYSE:BA - Free Report) by 41.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,482 shares of the aircraft producer's stock after purchasing an additional 7,151 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Boeing were worth $4,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of BA. Chaney Capital Management Inc. raised its stake in shares of Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after acquiring an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Boeing by 0.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock worth $1,878,000 after buying an additional 59 shares during the period. Center for Financial Planning Inc. increased its stake in shares of Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock worth $99,000 after buying an additional 60 shares during the period. Beacon Capital Management LLC increased its stake in shares of Boeing by 4.0% in the fourth quarter. Beacon Capital Management LLC now owns 1,709 shares of the aircraft producer's stock worth $302,000 after buying an additional 65 shares during the period. Finally, Sterneck Capital Management LLC increased its stake in shares of Boeing by 2.3% in the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer's stock worth $530,000 after buying an additional 66 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on BA. Robert W. Baird decreased their target price on shares of Boeing from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Benchmark reaffirmed a "buy" rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Wells Fargo & Company lifted their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and a consensus target price of $195.16.

Boeing Trading Down 2.0 %

NYSE:BA traded down $3.54 during mid-day trading on Friday, reaching $177.34. The company's stock had a trading volume of 8,971,331 shares, compared to its average volume of 7,792,261. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10. The firm's fifty day moving average price is $176.74 and its two-hundred day moving average price is $164.39. The stock has a market cap of $133.01 billion, a P/E ratio of -9.68 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the firm earned ($0.47) EPS. Analysts predict that The Boeing Company will post -2.32 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.16% of the company's stock.

About Boeing

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.