Teacher Retirement System of Texas raised its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 997.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,980 shares of the aircraft producer's stock after acquiring an additional 39,065 shares during the quarter. Teacher Retirement System of Texas' holdings in Boeing were worth $7,607,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in 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 stake in shares of Boeing in the 4th quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the 3rd quarter valued at approximately $28,000. Fiduciary Advisors Inc. bought a new position in Boeing during the fourth quarter worth $28,000. Finally, HighMark Wealth Management LLC boosted its holdings in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after purchasing an additional 90 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm's 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 owns 19,213 shares of the company's stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.09% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on BA. Northcoast Research upgraded shares of Boeing from a "sell" rating to a "neutral" rating in a research report on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of Boeing from $103.00 to $113.00 and gave the stock an "underweight" rating in a report on Monday, March 17th. Citigroup upped their target price on Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised their price target on Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Finally, StockNews.com raised Boeing to a "sell" rating in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $195.68.
View Our Latest Analysis on BA
Boeing Trading Up 0.4 %
Shares of NYSE BA traded up $0.63 during mid-day trading on Thursday, reaching $179.18. The company had a trading volume of 4,763,835 shares, compared to its average volume of 8,614,419. The company has a 50-day moving average price of $173.74 and a two-hundred day moving average price of $164.00. The stock has a market cap of $134.40 billion, a PE ratio of -9.78 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.
Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data 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 in the previous year, the business posted ($0.47) earnings per share. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current year.
Boeing Profile
(
Free Report)
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.
Featured Stories
Before you consider Boeing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boeing wasn't on the list.
While Boeing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
