State of Tennessee Department of Treasury increased its holdings in The Boeing Company (NYSE:BA - Free Report) by 36.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 290,124 shares of the aircraft producer's stock after purchasing an additional 77,048 shares during the quarter. State of Tennessee Department of Treasury's holdings in Boeing were worth $51,352,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after acquiring an additional 3,452,075 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Boeing during the fourth quarter valued at approximately $230,944,000. Amundi lifted its holdings in shares of Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after purchasing an additional 1,292,417 shares in the last quarter. Finally, Burkehill Global Management LP acquired a new stake in Boeing in the 4th quarter valued at $212,400,000. 64.82% of the stock is owned by institutional investors.
Insider Activity
In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.09% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on BA shares. Melius Research set a $204.00 price objective on shares of Boeing in a report on Monday, March 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. Susquehanna upped their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Benchmark cut their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday. Finally, Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.11.
Check Out Our Latest Research Report on Boeing
Boeing Stock Performance
Boeing stock traded up $9.95 during midday trading on Wednesday, hitting $172.47. 16,243,089 shares of the company's stock were exchanged, compared to its average volume of 9,110,920. The company has a market cap of $129.37 billion, a P/E ratio of -9.41 and a beta of 1.24. The stock has a 50-day moving average price of $165.42 and a two-hundred day moving average price of $164.23. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95.
Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.
About Boeing
(
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.
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