South Dakota Investment Council Reduces Stake in The Boeing Company (NYSE:BA)

South Dakota Investment Council lowered its holdings in The Boeing Company (NYSE:BA) by 26.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,663 shares of the aircraft producer’s stock after selling 2,000 shares during the quarter. South Dakota Investment Council’s holdings in Boeing were worth $1,476,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Blueprint LLC lifted its holdings in Boeing by 8.7% in the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after buying an additional 264 shares during the period. Morse Asset Management Inc raised its position in shares of Boeing by 65.0% in the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock worth $1,533,000 after acquiring an additional 3,152 shares in the last quarter. Peregrine Asset Advisers Inc. raised its position in shares of Boeing by 1,335.3% in the 3rd quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock worth $6,985,000 after acquiring an additional 33,904 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Boeing by 2.0% in the 3rd quarter. California Public Employees Retirement System now owns 1,037,044 shares of the aircraft producer’s stock worth $198,781,000 after acquiring an additional 19,847 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of Boeing by 5.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock worth $7,594,000 after acquiring an additional 1,596 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley decreased their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. Northcoast Research lowered Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price for the company. in a research report on Wednesday, April 17th. TD Cowen decreased their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Wells Fargo & Company reduced their price objective on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. Finally, The Goldman Sachs Group reduced their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.71.

Boeing Trading Down 2.9 %

NYSE BA opened at $164.34 on Thursday. The business’s fifty day moving average is $188.03 and its 200 day moving average is $206.89. The Boeing Company has a fifty-two week low of $162.74 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter in the previous year, the company posted ($1.75) EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts predict that The Boeing Company will post 0.32 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.