Teachers Retirement System of The State of Kentucky Purchases 45,018 Shares of The Boeing Company (NYSE:BA)

Teachers Retirement System of The State of Kentucky lifted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 104.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,204 shares of the aircraft producer's stock after buying an additional 45,018 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Boeing were worth $15,612,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sierra Ocean LLC purchased a new position in shares of Boeing during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing in the 4th quarter valued at $27,000. Fiduciary Advisors Inc. purchased a new stake in Boeing during the fourth quarter valued at about $28,000. HighMark Wealth Management LLC lifted its position in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after buying an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC increased its holdings in Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent analyst reports. Benchmark lowered their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday. Wells Fargo & Company restated an "underweight" rating and set a $140.00 price objective (up previously from $111.00) on shares of Boeing in a research report on Wednesday. Citigroup lifted their price target on Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. Finally, Melius Research set a $204.00 target price on shares of Boeing in a report on Monday, March 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and a consensus target price of $198.45.

Boeing Price Performance

BA traded up $1.66 during mid-day trading on Friday, hitting $177.92. The stock had a trading volume of 7,627,386 shares, compared to its average volume of 9,065,703. The firm has a market capitalization of $133.46 billion, a price-to-earnings ratio of -9.71 and a beta of 1.24. The stock's fifty day simple moving average is $165.01 and its 200-day simple moving average is $164.43. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. As a group, research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 directly owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by insiders.

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.