The Boeing Company $BA Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its holdings in The Boeing Company (NYSE:BAFree Report) by 1.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 302,601 shares of the aircraft producer’s stock after buying an additional 4,203 shares during the period. Public Employees Retirement System of Ohio’s holdings in Boeing were worth $60,227,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Princeton Capital Management LLC grew its position in shares of Boeing by 78.3% in the 4th quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock worth $2,660,000 after buying an additional 5,381 shares during the last quarter. Rakuten Investment Management Inc. lifted its position in Boeing by 502.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer’s stock valued at $22,398,000 after acquiring an additional 85,982 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Boeing in the first quarter valued at approximately $7,961,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Boeing in the fourth quarter valued at approximately $55,787,000. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in Boeing by 103.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer’s stock worth $2,237,000 after purchasing an additional 5,726 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the purchase, the director directly owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Boeing Price Performance

Shares of BA opened at $209.03 on Friday. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The company’s fifty day moving average price is $219.57 and its 200-day moving average price is $224.46. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The firm has a market capitalization of $164.78 billion, a PE ratio of 101.47 and a beta of 1.21.

Boeing (NYSE:BAGet Free Report) last issued its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.49) EPS. On average, equities research analysts predict that The Boeing Company will post -0.33 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on BA shares. Morgan Stanley increased their price objective on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Btg Pactual set a $260.00 target price on Boeing in a research report on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a research note on Tuesday. Wolfe Research reissued an “outperform” rating and issued a $275.00 price target on shares of Boeing in a report on Thursday, April 23rd. Finally, Citigroup boosted their price target on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $261.53.

View Our Latest Analysis on BA

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About Boeing

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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