The Boeing Company (NYSE:BA) Shares Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board boosted its stake in The Boeing Company (NYSE:BA) by 8.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 31,895 shares of the aircraft producer’s stock after acquiring an additional 2,500 shares during the period. New Mexico Educational Retirement Board’s holdings in Boeing were worth $6,108,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Strategic Blueprint LLC increased its stake in Boeing by 8.7% in the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after purchasing an additional 264 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Boeing by 41.5% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock worth $4,108,000 after buying an additional 4,622 shares during the last quarter. Orca Investment Management LLC boosted its holdings in Boeing by 5.5% in the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after acquiring an additional 195 shares during the last quarter. One Charles Private Wealth Services LLC purchased a new stake in Boeing during the fourth quarter valued at about $205,000. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of Boeing by 5.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock worth $7,594,000 after purchasing an additional 1,596 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BA shares. Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. TD Cowen reduced their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. UBS Group decreased their price target on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Robert W. Baird lowered their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Finally, Melius restated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Stock Down 0.3 %

Shares of BA traded down $0.50 during mid-day trading on Friday, hitting $182.01. 5,899,850 shares of the company’s stock were exchanged, compared to its average volume of 5,801,654. The stock has a market cap of $111.73 billion, a price-to-earnings ratio of -51.27 and a beta of 1.55. The firm has a fifty day moving average of $178.50 and a two-hundred day moving average of $198.42. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. On average, equities analysts predict that The Boeing Company will post -1.67 earnings per share for the current year.

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.