TIAA Trust National Association Buys 70,838 Shares of The Boeing Company (NYSE:BA)

TIAA Trust National Association lifted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 144.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,959 shares of the aircraft producer's stock after acquiring an additional 70,838 shares during the period. TIAA Trust National Association's holdings in Boeing were worth $21,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares during the last quarter. State Street Corp boosted its stake in shares of Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock valued at $4,223,397,000 after purchasing an additional 636,594 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Boeing by 2.8% during the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer's stock worth $1,774,705,000 after purchasing an additional 320,415 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Boeing by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock valued at $890,469,000 after buying an additional 164,042 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Boeing by 30.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock worth $739,585,000 after buying an additional 981,796 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

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Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business'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 transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BA shares. Wells Fargo & Company boosted their price objective on shares of Boeing from $103.00 to $113.00 and gave the stock an "underweight" rating in a research note on Monday, March 17th. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. UBS Group upped their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Susquehanna boosted their target price on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their price target on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Two investment 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $195.68.

Boeing Trading Down 3.4 %

NYSE BA traded down $6.13 during mid-day trading on Friday, hitting $172.98. The company's stock had a trading volume of 8,204,731 shares, compared to its average volume of 8,787,596. The company's 50 day simple moving average is $173.98 and its 200 day simple moving average is $164.20. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $196.95. The firm has a market capitalization of $129.74 billion, a price-to-earnings ratio of -9.44 and a beta of 1.53.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the business posted ($0.47) EPS. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

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.