Treasurer of the State of North Carolina Buys 57,130 Shares of The Boeing Company (NYSE:BA)

Treasurer of the State of North Carolina increased its stake in The Boeing Company (NYSE:BA - Free Report) by 22.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 311,254 shares of the aircraft producer's stock after purchasing an additional 57,130 shares during the period. Treasurer of the State of North Carolina's holdings in Boeing were worth $55,092,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings 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 valued at $11,406,361,000 after purchasing an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Boeing by 29.5% during 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 buying an additional 3,452,075 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Boeing by 3.4% during 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 acquiring an additional 164,042 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Boeing by 30.7% in 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 purchasing an additional 981,796 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Boeing by 17.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer's stock valued at $694,091,000 after purchasing an additional 581,987 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several analysts have recently weighed in on BA shares. Citigroup boosted their price target on Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, February 10th. StockNews.com upgraded shares of Boeing to a "sell" rating in a research report on Saturday, April 5th. Susquehanna raised their price target on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. UBS Group boosted their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their target price on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Boeing has an average rating of "Moderate Buy" and a consensus price target of $196.10.

Boeing Price Performance

Shares of BA traded up $2.12 during trading hours on Monday, hitting $158.96. The stock had a trading volume of 3,314,497 shares, compared to its average volume of 9,003,947. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The firm has a market capitalization of $119.23 billion, a P/E ratio of -8.68 and a beta of 1.24. The firm has a 50 day simple moving average of $168.68 and a 200-day simple moving average of $164.00.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data 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 quarter in the previous year, the company posted ($0.47) earnings per share. Equities analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other 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 completion of the sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.09% of the company's stock.

Boeing Company 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.