Teacher Retirement System of Texas Acquires 39,065 Shares of The Boeing Company (NYSE:BA)

Teacher Retirement System of Texas grew its holdings in The Boeing Company (NYSE:BA) by 997.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,980 shares of the aircraft producer’s stock after acquiring an additional 39,065 shares during the quarter. Teacher Retirement System of Texas’ holdings in Boeing were worth $7,607,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Sandy Spring Bank increased its holdings in shares of Boeing by 3.0% in the fourth quarter. Sandy Spring Bank now owns 7,068 shares of the aircraft producer’s stock worth $1,251,000 after acquiring an additional 204 shares in the last quarter. Atlantic Private Wealth LLC increased its holdings in shares of Boeing by 100.0% in the fourth quarter. Atlantic Private Wealth LLC now owns 200 shares of the aircraft producer’s stock worth $35,000 after acquiring an additional 100 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in shares of Boeing by 21.8% in the fourth quarter. Royal London Asset Management Ltd. now owns 288,554 shares of the aircraft producer’s stock worth $51,074,000 after acquiring an additional 51,743 shares in the last quarter. Investment House LLC bought a new stake in shares of Boeing in the fourth quarter worth about $2,554,000. Finally, Stokes Family Office LLC bought a new position in shares of Boeing during the fourth quarter worth about $203,000. 64.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

Boeing Stock Up 3.2 %

BA opened at $178.32 on Friday. The stock has a market cap of $133.75 billion, a price-to-earnings ratio of -9.73 and a beta of 1.53. The business has a 50 day moving average of $172.98 and a 200-day moving average of $163.59. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the business earned ($0.47) earnings per share. As a group, analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on BA. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. StockNews.com upgraded Boeing to a “sell” rating in a report on Wednesday, March 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Two 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $195.68.

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.