Maryland State Retirement & Pension System Acquires 903 Shares of The Boeing Company (NYSE:BA)

Maryland State Retirement & Pension System grew its holdings in shares of The Boeing Company (NYSE:BA) by 2.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 45,308 shares of the aircraft producer’s stock after acquiring an additional 903 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Boeing were worth $8,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in Boeing in the fourth quarter worth $26,000. DiNuzzo Private Wealth Inc. bought a new stake in Boeing in the 4th quarter valued at about $28,000. Vima LLC purchased a new stake in Boeing during the fourth quarter valued at about $34,000. Hobbs Group Advisors LLC purchased a new stake in Boeing during the second quarter valued at about $34,000. Finally, McClarren Financial Advisors Inc. boosted its position in Boeing by 451.4% during the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 0.9 %

Shares of BA traded up $1.48 during midday trading on Friday, reaching $173.74. The stock had a trading volume of 4,146,190 shares, compared to its average volume of 7,852,250. The company has a market capitalization of $106.66 billion, a price-to-earnings ratio of -48.97 and a beta of 1.56. The company’s 50-day moving average is $178.18 and its 200 day moving average is $182.46. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

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

Analysts Set New Price Targets

BA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $225.00 price target on shares of Boeing in a research note on Tuesday, June 25th. Stifel Nicolaus boosted their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Baird R W upgraded Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Sanford C. Bernstein decreased their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Finally, Susquehanna reissued a “positive” rating and issued a $230.00 price target on shares of Boeing in a report on Wednesday, August 14th. Two 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $215.18.

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.