Teacher Retirement System of Texas Reduces Stock Holdings in The Boeing Company $BA

Teacher Retirement System of Texas lowered its position in shares of The Boeing Company (NYSE:BA) by 8.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,847 shares of the aircraft producer’s stock after selling 12,250 shares during the quarter. Teacher Retirement System of Texas’ holdings in Boeing were worth $27,626,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Boeing by 1.9% during the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after buying an additional 1,212,327 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Boeing by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer’s stock worth $715,979,000 after buying an additional 19,615 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Boeing by 3.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,933,139 shares of the aircraft producer’s stock worth $500,247,000 after buying an additional 91,707 shares in the last quarter. Swiss National Bank increased its holdings in Boeing by 2.5% in the 1st quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer’s stock worth $359,895,000 after buying an additional 51,700 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Boeing by 2.3% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,014,928 shares of the aircraft producer’s stock worth $422,188,000 after buying an additional 46,180 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BA shares. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price target on shares of Boeing in a research note on Monday, September 29th. Barclays boosted their price target on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Sanford C. Bernstein boosted their price target on Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Finally, UBS Group set a $280.00 price target on Boeing and gave the company a “buy” rating in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.32.

Insider Buying and Selling

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

Boeing Trading Up 0.7%

NYSE BA opened at $223.01 on Tuesday. The stock’s 50 day moving average is $221.49 and its 200 day moving average is $211.29. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The stock has a market cap of $168.63 billion, a PE ratio of -13.51 and a beta of 1.47.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. During the same quarter in the previous year, the company posted ($2.90) earnings per share. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Boeing Profile

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.