Public Employees Retirement Association of Colorado Sells 3,269 Shares of The Boeing Company (NYSE:BA)

Public Employees Retirement Association of Colorado reduced its stake in The Boeing Company (NYSE:BA) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,247 shares of the aircraft producer’s stock after selling 3,269 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Boeing were worth $15,873,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BA. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing in the fourth quarter valued at about $26,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Boeing during the fourth quarter worth approximately $28,000. Evolution Advisers Inc. acquired a new stake in shares of Boeing during the fourth quarter worth approximately $28,000. Vima LLC acquired a new stake in shares of Boeing during the fourth quarter worth approximately $34,000. Finally, Accent Capital Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth approximately $39,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the subject of several recent analyst reports. Baird R W raised shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Northcoast Research lowered shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a report on Wednesday, April 17th. Melius Research reiterated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Finally, Morgan Stanley reduced their price objective on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Stock Performance

BA opened at $185.52 on Tuesday. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The company has a fifty day simple moving average of $181.72 and a 200 day simple moving average of $187.96.

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.