South Dakota Investment Council Has $1.71 Million Position in The Boeing Company (NYSE:BA)

South Dakota Investment Council lifted its position in The Boeing Company (NYSE:BA) by 38.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,630 shares of the aircraft producer’s stock after acquiring an additional 2,675 shares during the period. South Dakota Investment Council’s holdings in Boeing were worth $1,705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Boeing by 90.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 71,090 shares of the aircraft producer’s stock worth $10,809,000 after acquiring an additional 33,695 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Boeing by 23.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,998 shares of the aircraft producer’s stock worth $456,000 after purchasing an additional 570 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in Boeing by 0.4% during the 3rd quarter. IFM Investors Pty Ltd now owns 23,856 shares of the aircraft producer’s stock worth $3,627,000 after buying an additional 86 shares during the period. Dakota Wealth Management lifted its stake in Boeing by 4.3% in the third quarter. Dakota Wealth Management now owns 10,386 shares of the aircraft producer’s stock valued at $1,579,000 after buying an additional 425 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its holdings in shares of Boeing by 5.3% in the third quarter. Mount Yale Investment Advisors LLC now owns 3,250 shares of the aircraft producer’s stock valued at $494,000 after buying an additional 163 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Susquehanna boosted their price target on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and cut their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price target 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Down 2.0 %

Boeing stock opened at $177.34 on Monday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The stock has a market cap of $133.02 billion, a P/E ratio of -9.68 and a beta of 1.52. The company’s 50-day moving average price is $176.74 and its two-hundred day moving average price is $164.39.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the business earned ($0.47) earnings per share. Equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

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.