Louisiana State Employees Retirement System Has $7.12 Million Stock Holdings in The Boeing Company (NYSE:BA)

Louisiana State Employees Retirement System raised its position in shares of The Boeing Company (NYSE:BA) by 21.8% in the 4th quarter, Holdings Channel reports. The firm owned 40,200 shares of the aircraft producer’s stock after acquiring an additional 7,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Boeing were worth $7,115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Exchange Traded Concepts LLC boosted its stake in Boeing by 691.3% in the third quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock valued at $262,000 after buying an additional 1,507 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in Boeing during the third quarter worth about $141,000. NBC Securities Inc. lifted its holdings in shares of Boeing by 11.7% in the third quarter. NBC Securities Inc. now owns 5,636 shares of the aircraft producer’s stock worth $856,000 after acquiring an additional 592 shares during the last quarter. Edge Wealth Management LLC boosted its stake in shares of Boeing by 11.5% in the 3rd quarter. Edge Wealth Management LLC now owns 2,897 shares of the aircraft producer’s stock valued at $440,000 after purchasing an additional 298 shares in the last quarter. Finally, Ullmann Wealth Partners Group LLC grew its holdings in shares of Boeing by 28.6% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 1,614 shares of the aircraft producer’s stock valued at $245,000 after purchasing an additional 359 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BA shares. UBS Group increased their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Wells Fargo & Company raised their price objective on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Price Performance

Shares of NYSE:BA opened at $180.51 on Wednesday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $209.80. The business’s 50-day moving average is $172.70 and its 200-day moving average is $163.99. The company has a market capitalization of $135.39 billion, a price-to-earnings ratio of -9.85 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings results 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 in the previous year, the business earned ($0.47) earnings per share. Analysts anticipate that The Boeing Company will post -2.3 EPS for the current 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.