Kentucky Retirement Systems Has $8.89 Million Stock Position in The Boeing Company (NYSE:BA)

Kentucky Retirement Systems lifted its stake in The Boeing Company (NYSE:BA) by 23.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,213 shares of the aircraft producer’s stock after acquiring an additional 9,434 shares during the period. Kentucky Retirement Systems’ holdings in Boeing were worth $8,888,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in Boeing by 3.5% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 8,877 shares of the aircraft producer’s stock worth $1,571,000 after buying an additional 300 shares in the last quarter. Cromwell Holdings LLC boosted its stake in shares of Boeing by 76.5% in the 4th quarter. Cromwell Holdings LLC now owns 2,158 shares of the aircraft producer’s stock valued at $382,000 after purchasing an additional 935 shares in the last quarter. ING Groep NV boosted its stake in shares of Boeing by 179.1% in the 4th quarter. ING Groep NV now owns 214,367 shares of the aircraft producer’s stock valued at $37,943,000 after purchasing an additional 137,554 shares in the last quarter. Zullo Investment Group Inc. boosted its stake in shares of Boeing by 2.4% in the 4th quarter. Zullo Investment Group Inc. now owns 5,602 shares of the aircraft producer’s stock valued at $992,000 after purchasing an additional 130 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Boeing by 9.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 22,666 shares of the aircraft producer’s stock valued at $4,012,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 2.9 %

Boeing stock opened at $180.77 on Friday. The firm has a market capitalization of $135.59 billion, a P/E ratio of -9.87 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The business has a 50-day moving average of $176.58 and a 200-day moving average of $164.32.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the business posted ($0.47) earnings per share. Research analysts anticipate that The Boeing Company will post -2.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BA shares. Susquehanna boosted their target price on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Citigroup boosted their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have given 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, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

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.