Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Holdings in The Boeing Company (NYSE:BA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in The Boeing Company (NYSE:BA) by 1.1% during the first quarter, HoldingsChannel.com reports. The fund owned 125,906 shares of the aircraft producer’s stock after purchasing an additional 1,373 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Boeing were worth $24,299,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors increased its stake in Boeing by 35.5% during the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after buying an additional 4,425,964 shares during the period. Jennison Associates LLC bought a new position in shares of Boeing in the fourth quarter valued at approximately $960,397,000. Wellington Management Group LLP increased its position in shares of Boeing by 563.9% during the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock valued at $896,434,000 after purchasing an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Boeing by 23.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares during the period. Finally, Boston Partners lifted its holdings in shares of Boeing by 861.6% during the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after purchasing an additional 1,617,151 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

NYSE BA traded down $1.20 on Wednesday, hitting $184.85. 3,844,451 shares of the stock were exchanged, compared to its average volume of 8,273,953. The business’s fifty day moving average is $181.40 and its 200 day moving average is $191.55. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The company has a market capitalization of $113.48 billion, a PE ratio of -52.37 and a beta of 1.56.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. Analysts predict that The Boeing Company will post -1.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price target on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Bank of America boosted their price target on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Argus downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Melius reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Finally, Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.89.

About Boeing

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.