The Boeing Company (NYSE:BA) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its holdings in The Boeing Company (NYSE:BA) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,484 shares of the aircraft producer’s stock after selling 71 shares during the quarter. Kentucky Retirement Systems’ holdings in Boeing were worth $7,915,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing in the fourth quarter worth about $26,000. Vima LLC acquired a new position in Boeing in the 4th quarter worth approximately $34,000. Hobbs Group Advisors LLC purchased a new position in Boeing during the 2nd quarter worth approximately $34,000. McClarren Financial Advisors Inc. grew its position in Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares in the last quarter. Finally, Accent Capital Management LLC acquired a new stake in Boeing during the 4th quarter valued at $39,000. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. Baird R W upgraded Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Stifel Nicolaus lifted their target price on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Robert W. Baird reduced their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Bank of America boosted their price objective on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Finally, UBS Group cut their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $211.29.

Boeing Stock Performance

Shares of NYSE BA opened at $155.17 on Thursday. The business’s 50-day simple moving average is $172.38 and its 200-day simple moving average is $178.23. The Boeing Company has a 52 week low of $154.02 and a 52 week high of $267.54. The firm has a market cap of $95.26 billion, a price-to-earnings ratio of -43.71 and a beta of 1.57.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter last year, the company posted ($0.82) earnings per share. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. As a group, equities research analysts forecast that The Boeing Company will post -4.26 earnings per share for the current year.

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.