Mitsubishi UFJ Trust & Banking Corp Boosts Stock Position in The Boeing Company (NYSE:BA)

Mitsubishi UFJ Trust & Banking Corp raised its stake in The Boeing Company (NYSE:BA) by 20.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 321,908 shares of the aircraft producer’s stock after purchasing an additional 53,896 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Boeing were worth $56,978,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Keynote Financial Services LLC grew its position in Boeing by 3.8% in the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock valued at $273,000 after buying an additional 57 shares during the last quarter. Chaney Capital Management Inc. lifted its stake in shares of Boeing by 2.1% in the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock worth $508,000 after acquiring an additional 58 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in shares of Boeing by 0.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after acquiring an additional 59 shares in the last quarter. Center for Financial Planning Inc. increased its stake in shares of Boeing by 12.0% during the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock worth $99,000 after acquiring an additional 60 shares during the period. Finally, Transcend Capital Advisors LLC raised its holdings in Boeing by 1.3% during the fourth quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock worth $871,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research report on Monday, March 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. StockNews.com upgraded shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Finally, UBS Group increased their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.68.

Boeing Stock Up 1.0 %

NYSE BA opened at $182.71 on Wednesday. The stock has a market cap of $137.05 billion, a price-to-earnings ratio of -9.97 and a beta of 1.53. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The business has a fifty day moving average of $173.50 and a 200-day moving average of $163.90.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the firm posted ($0.47) EPS. As a group, analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

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.