New York State Common Retirement Fund Sells 43,379 Shares of The Boeing Company $BA

New York State Common Retirement Fund trimmed its holdings in The Boeing Company (NYSE:BA) by 4.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,014,282 shares of the aircraft producer’s stock after selling 43,379 shares during the quarter. New York State Common Retirement Fund owned about 0.13% of Boeing worth $212,523,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $201,000. Assetmark Inc. lifted its holdings in Boeing by 20.3% during the 1st quarter. Assetmark Inc. now owns 2,446 shares of the aircraft producer’s stock worth $417,000 after buying an additional 412 shares in the last quarter. Mackenzie Financial Corp boosted its position in Boeing by 17.7% in the 1st quarter. Mackenzie Financial Corp now owns 69,088 shares of the aircraft producer’s stock valued at $11,783,000 after buying an additional 10,387 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Boeing in the 1st quarter valued at $682,000. Finally, Vestcor Inc increased its stake in shares of Boeing by 9.0% in the 1st quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock valued at $2,471,000 after buying an additional 1,195 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BA. Jefferies Financial Group set a $255.00 price target on Boeing in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a research note on Thursday, October 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 target price on shares of Boeing in a report on Monday, September 29th. JPMorgan Chase & Co. decreased their price target on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, UBS Group reaffirmed a “buy” rating on shares of Boeing in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $232.09.

Insider Buying and Selling

In other news, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Dana S. Deasy acquired 554 shares of the company’s stock in a transaction on Monday, November 24th. The stock was bought at an average cost of $178.88 per share, with a total value of $99,099.52. Following the completion of the acquisition, the senior vice president directly owned 28,442 shares in the company, valued at approximately $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.09% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $189.46 on Friday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The company has a market cap of $144.01 billion, a P/E ratio of -13.85 and a beta of 1.44. The stock’s 50-day simple moving average is $205.86 and its 200 day simple moving average is $214.27.

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

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.