The Boeing Company (NYSE:BA) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in The Boeing Company (NYSE:BA) by 25.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,254 shares of the aircraft producer’s stock after acquiring an additional 17,240 shares during the quarter. State of Alaska Department of Revenue’s holdings in Boeing were worth $15,089,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC lifted its position in shares of Boeing by 35.1% during the 4th quarter. Private Wealth Management Group LLC now owns 789 shares of the aircraft producer’s stock worth $140,000 after purchasing an additional 205 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Boeing by 0.8% in the fourth quarter. Bleakley Financial Group LLC now owns 14,921 shares of the aircraft producer’s stock valued at $2,641,000 after buying an additional 119 shares in the last quarter. Trilogy Capital Inc. purchased a new stake in Boeing during the 4th quarter worth about $211,000. Tyche Wealth Partners LLC boosted its position in shares of Boeing by 11.1% during the 4th quarter. Tyche Wealth Partners LLC now owns 3,001 shares of the aircraft producer’s stock worth $531,000 after acquiring an additional 300 shares in the last quarter. Finally, Clayton Financial Group LLC acquired a new position in shares of Boeing during the 4th quarter worth about $1,104,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BA. Robert W. Baird decreased their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Citigroup reduced their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Boeing Stock Up 3.2 %

Shares of NYSE:BA opened at $181.80 on Thursday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $213.77. The firm’s 50-day simple moving average is $170.47 and its 200-day simple moving average is $164.00. The company has a market cap of $112.39 billion, a price-to-earnings ratio of -9.92 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) earnings per share. On average, research analysts forecast that The Boeing Company will post -2.12 EPS for the current 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.