New York State Common Retirement Fund Has $177.56 Million Stock Holdings in The Boeing Company (NYSE:BA)

New York State Common Retirement Fund increased its position in The Boeing Company (NYSE:BA - Free Report) by 35.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,003,148 shares of the aircraft producer's stock after acquiring an additional 260,054 shares during the period. New York State Common Retirement Fund owned approximately 0.16% of Boeing worth $177,557,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Van ECK Associates Corp increased its stake in Boeing by 122.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer's stock valued at $357,712,000 after buying an additional 1,251,456 shares during the period. International Assets Investment Management LLC increased its stake in Boeing by 289.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer's stock valued at $2,558,790,000 after buying an additional 1,251,165 shares during the period. Franklin Resources Inc. increased its stake in Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock valued at $169,386,000 after buying an additional 1,055,472 shares during the period. State Street Corp increased its stake in Boeing by 2.3% during the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock valued at $4,223,397,000 after buying an additional 636,594 shares during the period. Finally, Jennison Associates LLC increased its stake in Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock valued at $1,018,775,000 after buying an additional 602,143 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Performance

Shares of BA stock traded down $3.54 during trading on Friday, hitting $177.34. 8,971,331 shares of the company were exchanged, compared to its average volume of 7,792,261. The firm has a market capitalization of $133.01 billion, a price-to-earnings ratio of -9.68 and a beta of 1.52. The business's 50-day simple moving average is $176.58 and its 200 day simple moving average is $164.32. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10.

Boeing (NYSE:BA - Get Free Report) last posted 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 period last year, the business posted ($0.47) EPS. On average, equities analysts forecast that The Boeing Company will post -2.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on BA. Citigroup raised their target price on shares of Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Northcoast Research raised shares of Boeing from a "sell" rating to a "neutral" rating in a research note on Thursday, December 12th. Benchmark reaffirmed a "buy" rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Wells Fargo & Company lifted their price objective 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. Finally, Sanford C. Bernstein cut shares of Boeing from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.