National Pension Service Purchases 16,605 Shares of The Boeing Company (NYSE:BA)

National Pension Service raised its position in The Boeing Company (NYSE:BA) by 2.0% during the 4th quarter, HoldingsChannel reports. The fund owned 856,491 shares of the aircraft producer’s stock after buying an additional 16,605 shares during the quarter. National Pension Service’s holdings in Boeing were worth $223,253,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC lifted its stake in Boeing by 18.3% in the 4th quarter. Bogart Wealth LLC now owns 1,045 shares of the aircraft producer’s stock valued at $272,000 after acquiring an additional 162 shares in the last quarter. RMR Wealth Builders bought a new stake in Boeing in the 4th quarter valued at approximately $285,000. Picton Mahoney Asset Management lifted its stake in Boeing by 3.5% in the 4th quarter. Picton Mahoney Asset Management now owns 97,980 shares of the aircraft producer’s stock valued at $25,539,000 after acquiring an additional 3,313 shares in the last quarter. EdgeRock Capital LLC bought a new stake in Boeing in the 4th quarter valued at approximately $239,000. Finally, Everpar Advisors LLC bought a new stake in Boeing in the 4th quarter valued at approximately $306,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.1 %

Shares of NYSE:BA traded up $0.27 during trading on Thursday, reaching $180.62. 1,662,784 shares of the company traded hands, compared to its average volume of 9,464,140. The company’s 50 day moving average is $182.80 and its two-hundred day moving average is $206.14. The firm has a market capitalization of $110.88 billion, a PE ratio of -51.09 and a beta of 1.54. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BA. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Sanford C. Bernstein dropped their price objective on Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. Morgan Stanley dropped their price objective on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Melius reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, The Goldman Sachs Group dropped their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $222.41.

Boeing Company 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.