Oregon Public Employees Retirement Fund Grows Position in The Boeing Company $BA

Oregon Public Employees Retirement Fund boosted its position in The Boeing Company (NYSE:BA) by 32.9% during the 3rd quarter, Holdings Channel reports. The fund owned 86,455 shares of the aircraft producer’s stock after acquiring an additional 21,404 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Boeing were worth $18,660,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Wallace Advisory Group LLC raised its holdings in shares of Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after purchasing an additional 44 shares in the last quarter. Aspire Capital Advisors LLC increased its holdings in Boeing by 0.8% in the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after buying an additional 45 shares during the last quarter. Lantz Financial LLC raised its stake in Boeing by 1.5% in the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after buying an additional 46 shares in the last quarter. Blue Barn Wealth LLC raised its stake in Boeing by 1.8% in the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock valued at $544,000 after buying an additional 46 shares in the last quarter. Finally, Motco lifted its holdings in Boeing by 5.4% during the 3rd quarter. Motco now owns 921 shares of the aircraft producer’s stock worth $199,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 0.4%

BA stock opened at $227.22 on Friday. The company has a market capitalization of $172.70 billion, a P/E ratio of -16.61, a PEG ratio of 6.57 and a beta of 1.16. The business has a 50 day simple moving average of $203.31 and a 200-day simple moving average of $215.53. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same period last year, the business posted ($10.44) EPS. Boeing’s revenue was up 30.4% compared to the same quarter last year. Research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at $2,896,904.96. This represents a 8.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dana S. Deasy acquired 554 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were bought at an average cost of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president directly owned 28,442 shares in the company, valued at $5,087,704.96. This trade represents a 1.99% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BA has been the topic of a number of recent analyst reports. New Street Research set a $257.00 price objective on Boeing in a report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a research note on Thursday, October 30th. Sanford C. Bernstein set a $277.00 price objective on shares of Boeing and gave the stock an “outperform” rating in a research report on Tuesday. Zacks Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Jefferies Financial Group set a $255.00 target price on shares of Boeing in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $235.33.

About Boeing

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.