New York State Teachers Retirement System Has $98.24 Million Position in The Boeing Company (NYSE:BA)

New York State Teachers Retirement System increased its position in The Boeing Company (NYSE:BA) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 555,029 shares of the aircraft producer’s stock after buying an additional 53,471 shares during the period. New York State Teachers Retirement System owned 0.09% of Boeing worth $98,240,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new position in Boeing during the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the fourth quarter valued at approximately $28,000. Cedar Wealth Management LLC acquired a new position in Boeing during the third quarter valued at approximately $30,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Morgan Stanley lowered their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. UBS Group raised their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Robert W. Baird lowered their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Performance

Shares of NYSE:BA opened at $185.75 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The firm has a market cap of $139.33 billion, a PE ratio of -10.14 and a beta of 1.52. The business has a fifty day moving average of $173.77 and a 200-day moving average of $164.10.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the business posted ($0.47) earnings per share. On average, analysts anticipate that The Boeing Company will post -2.3 EPS for the current fiscal 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.