FUKOKU MUTUAL LIFE INSURANCE Co Has $512,000 Stock Holdings in The Boeing Company (NYSE:BA)

FUKOKU MUTUAL LIFE INSURANCE Co increased its holdings in shares of The Boeing Company (NYSE:BA) by 22.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,891 shares of the aircraft producer’s stock after acquiring an additional 526 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Boeing were worth $512,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Diversify Advisory Services LLC lifted its holdings in Boeing by 1.7% in the third quarter. Diversify Advisory Services LLC now owns 6,415 shares of the aircraft producer’s stock valued at $1,026,000 after buying an additional 110 shares during the period. Valmark Advisers Inc. raised its holdings in shares of Boeing by 4.9% in the third quarter. Valmark Advisers Inc. now owns 3,139 shares of the aircraft producer’s stock valued at $477,000 after purchasing an additional 147 shares during the last quarter. Nicholas Hoffman & Company LLC. boosted its stake in shares of Boeing by 9.3% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 5,855 shares of the aircraft producer’s stock worth $890,000 after buying an additional 500 shares during the last quarter. Mutual Advisors LLC boosted its position in Boeing by 125.5% in the third quarter. Mutual Advisors LLC now owns 25,581 shares of the aircraft producer’s stock worth $3,970,000 after purchasing an additional 14,239 shares during the last quarter. Finally, Highline Wealth Partners LLC bought a new position in Boeing during the third quarter valued at about $458,000. 64.82% of the stock is currently owned by institutional investors.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Boeing Stock Performance

NYSE BA opened at $173.02 on Thursday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10. The stock’s fifty day moving average is $176.99 and its two-hundred day moving average is $164.61. The firm has a market capitalization of $129.77 billion, a P/E ratio of -9.44 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 firm posted ($0.47) EPS. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BA. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. UBS Group lifted their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

About Boeing

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.