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

Oregon Public Employees Retirement Fund grew its position in The Boeing Company (NYSE:BA) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,051 shares of the aircraft producer’s stock after purchasing an additional 300 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Boeing were worth $13,630,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC grew its holdings in Boeing by 14.5% in the second quarter. Sequoia Financial Advisors LLC now owns 38,283 shares of the aircraft producer’s stock worth $8,021,000 after purchasing an additional 4,847 shares during the last quarter. Vest Financial LLC grew its holdings in Boeing by 39.2% in the second quarter. Vest Financial LLC now owns 15,700 shares of the aircraft producer’s stock worth $3,290,000 after purchasing an additional 4,425 shares during the last quarter. Pegasus Asset Management Inc. grew its holdings in Boeing by 2.3% in the second quarter. Pegasus Asset Management Inc. now owns 13,023 shares of the aircraft producer’s stock worth $2,729,000 after purchasing an additional 287 shares during the last quarter. MGO One Seven LLC grew its holdings in Boeing by 14.7% in the second quarter. MGO One Seven LLC now owns 9,699 shares of the aircraft producer’s stock worth $2,032,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Welch Group LLC grew its holdings in Boeing by 3.6% in the second quarter. Welch Group LLC now owns 2,705 shares of the aircraft producer’s stock worth $567,000 after purchasing an additional 95 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BA shares. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Vertical Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. Redburn Atlantic upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and lifted their price objective for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. Finally, Citigroup reiterated a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $233.91.

Boeing Price Performance

NYSE BA opened at $211.04 on Monday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The company has a fifty day moving average of $224.29 and a 200 day moving average of $206.57. The company has a market capitalization of $159.58 billion, a PE ratio of -12.78 and a beta of 1.47.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same period last year, the firm earned ($2.90) earnings per share. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. Research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mortimer J. Buckley acquired 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

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.