Public Employees Retirement Association of Colorado Trims Stock Holdings in The Boeing Company (NYSE:BA)

Public Employees Retirement Association of Colorado lessened its stake in shares of The Boeing Company (NYSE:BA) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,541 shares of the aircraft producer’s stock after selling 1,706 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Boeing were worth $14,659,000 as of its most recent filing with the Securities and Exchange Commission.

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

Boeing Trading Down 0.8 %

BA opened at $153.29 on Friday. The Boeing Company has a twelve month low of $152.60 and a twelve month high of $267.54. The firm has a market cap of $94.10 billion, a price-to-earnings ratio of -43.18 and a beta of 1.57. The company has a fifty day simple moving average of $171.21 and a 200 day simple moving average of $177.74.

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

Analysts Set New Price Targets

Several research firms recently issued reports on BA. Sanford C. Bernstein decreased their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Susquehanna reissued a “positive” rating and set a $230.00 price objective on shares of Boeing in a research note on Wednesday, August 14th. Bank of America upped their price objective on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Stifel Nicolaus lifted their target price on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, UBS Group dropped their price target on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $211.29.

Boeing 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.