Public Employees Retirement Association of Colorado increased its stake in shares of The Boeing Company (NYSE:BA – Free Report) by 3.3% in the fourth quarter, Holdings Channel reports. The firm owned 100,389 shares of the aircraft producer’s stock after buying an additional 3,188 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Boeing were worth $21,796,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in BA. Vanguard Group Inc. grew its stake in shares of Boeing by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after purchasing an additional 3,460,021 shares during the period. Alyeska Investment Group L.P. grew its stake in shares of Boeing by 245.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock worth $489,052,000 after purchasing an additional 1,600,909 shares during the period. Deutsche Bank AG grew its stake in shares of Boeing by 47.5% during the fourth quarter. Deutsche Bank AG now owns 2,376,243 shares of the aircraft producer’s stock worth $515,930,000 after purchasing an additional 765,197 shares during the period. ING Groep NV grew its stake in Boeing by 2,073.4% in the fourth quarter. ING Groep NV now owns 772,400 shares of the aircraft producer’s stock valued at $167,703,000 after acquiring an additional 736,861 shares during the period. Finally, Geode Capital Management LLC grew its stake in Boeing by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock valued at $3,679,592,000 after acquiring an additional 533,753 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.
Boeing Stock Up 0.1%
BA stock opened at $219.23 on Monday. 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 stock has a market capitalization of $172.82 billion, a P/E ratio of 106.42 and a beta of 1.20. The business has a 50-day moving average of $222.78 and a 200-day moving average of $221.68. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on BA shares. Citigroup boosted their target price on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Morgan Stanley boosted their target price on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Tigress Financial boosted their target price on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Wolfe Research reissued an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.32.
More Boeing News
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing’s commercial delivery surge is helping drive free cash flow and supporting a recovery in the company’s balance sheet. Boeing’s Unseen Rebound: Why the Headlines Are Wrong
- Positive Sentiment: Boeing’s Global Services business posted higher quarterly revenue, a record $33 billion backlog, and new contract wins, suggesting a growing recurring-growth engine. Can Boeing’s Global Services Business Become a Bigger Growth Driver?
- Positive Sentiment: Boeing announced a $2.35 billion investment in its Wichita campus along with other operational updates, which investors may view as a commitment to capacity and long-term execution. Boeing (BA) Stock Trades Up, Here Is Why
- Neutral Sentiment: DP Aircraft I secured up to $92 million in long-term financing for Boeing 787s ahead of LOT leases, which is supportive for 787-related demand but is a smaller indirect catalyst for Boeing stock. DP Aircraft I locks in US$92m long-term financing for Boeing 787s ahead of LOT leases
- Negative Sentiment: Boeing was recently pressured by a broader pullback, with the stock previously dipping more than the market as investors remained sensitive to execution and valuation concerns. Why Boeing (BA) Dipped More Than Broader Market Today
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 bought at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the transaction, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.
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.
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