Teachers Retirement System of The State of Kentucky Sells 2,011 Shares of The Boeing Company (NYSE:BA)

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of The Boeing Company (NYSE:BA) by 4.4% during the third quarter, Holdings Channel reports. The firm owned 43,186 shares of the aircraft producer’s stock after selling 2,011 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Boeing were worth $6,566,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BA. Newport Trust Company LLC raised its stake in Boeing by 1.2% during the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock worth $5,758,830,000 after acquiring an additional 388,633 shares in the last quarter. State Street Corp increased its position in shares of Boeing by 2.3% during the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after purchasing an additional 636,594 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Boeing by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock valued at $1,774,705,000 after purchasing an additional 320,415 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Boeing by 1.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock valued at $1,386,757,000 after buying an additional 106,513 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after acquiring an additional 602,143 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BA has been the topic of a number of research analyst reports. Susquehanna decreased their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Robert W. Baird lowered their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Jefferies Financial Group dropped their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group cut their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $190.11.

Boeing Stock Up 1.1 %

Shares of BA opened at $167.79 on Friday. The company has a 50 day moving average of $152.15 and a 200-day moving average of $166.14. The stock has a market capitalization of $103.73 billion, a P/E ratio of -12.99 and a beta of 1.56. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the firm earned ($3.26) EPS. The company’s revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that The Boeing Company will post -16.18 earnings per share for the current fiscal 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.