Teachers Retirement System of The State of Kentucky Has $8.95 Million Stock Position in The Boeing Company (NYSE:BA)

Teachers Retirement System of The State of Kentucky decreased its position in The Boeing Company (NYSE:BA) by 4.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,374 shares of the aircraft producer’s stock after selling 2,063 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Boeing were worth $8,949,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing in the 4th quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. acquired a new position in Boeing in the 4th quarter valued at approximately $28,000. Evolution Advisers Inc. acquired a new position in Boeing in the 4th quarter valued at approximately $28,000. Vima LLC acquired a new position in Boeing in the 4th quarter valued at approximately $34,000. Finally, Accent Capital Management LLC acquired a new position in Boeing in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

NYSE BA traded down $8.36 on Friday, reaching $169.95. The company had a trading volume of 11,742,812 shares, compared to its average volume of 6,374,948. The firm has a market cap of $104.72 billion, a price-to-earnings ratio of -47.87 and a beta of 1.56. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The business has a 50 day moving average of $181.87 and a two-hundred day moving average of $187.28.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period last year, the firm earned ($0.82) EPS. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. As a group, research analysts predict that The Boeing Company will post -2.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the topic of several analyst reports. UBS Group lowered their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Susquehanna upped their price objective on Boeing from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Thursday. Wells Fargo & Company lowered their price objective on Boeing from $190.00 to $185.00 and set an “equal weight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. lowered their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Barclays lowered their price objective on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $215.65.

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.