Mitsubishi UFJ Asset Management Co. Ltd. Buys 269,253 Shares of The Boeing Company (NYSE:BA)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in The Boeing Company (NYSE:BA) by 24.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,368,639 shares of the aircraft producer’s stock after acquiring an additional 269,253 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.18% of Boeing worth $232,532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Sierra Ocean LLC purchased a new stake in Boeing in the fourth quarter worth $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing during the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the 4th quarter worth approximately $28,000. HighMark Wealth Management LLC grew its stake in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares during the period. Finally, Anfield Capital Management LLC grew its position in shares of Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent research reports. Melius Research raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Monday. StockNews.com upgraded Boeing to a “sell” rating in a research note on Wednesday, March 12th. UBS Group boosted their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $195.68.

Boeing Stock Performance

NYSE:BA opened at $178.42 on Thursday. The company has a 50-day moving average of $173.74 and a 200-day moving average of $164.00. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95. The company has a market capitalization of $133.83 billion, a price-to-earnings ratio of -9.74 and a beta of 1.53.

Boeing (NYSE:BA) last announced 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 period last year, the business posted ($0.47) EPS. Sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

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.