Securian Asset Management Inc. Buys 7,781 Shares of The Boeing Company (NYSE:BA)

Securian Asset Management Inc. grew its stake in shares of The Boeing Company (NYSE:BA) by 24.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 40,086 shares of the aircraft producer’s stock after acquiring an additional 7,781 shares during the period. Securian Asset Management Inc.’s holdings in Boeing were worth $7,095,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BA. Sierra Ocean LLC purchased a new position in Boeing in the fourth quarter worth $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the third quarter worth $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the fourth quarter worth $28,000. Finally, HighMark Wealth Management LLC grew its holdings in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s 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 completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.16% of the company’s stock.

Boeing Stock Performance

Shares of Boeing stock opened at $154.19 on Wednesday. The firm has a 50-day simple moving average of $174.00 and a two-hundred day simple moving average of $163.83. The company has a market cap of $115.65 billion, a P/E ratio of -8.42 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.

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 in the previous year, the business posted ($0.47) EPS. Equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on BA. 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 report on Wednesday, January 29th. Barclays raised shares of 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 report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Susquehanna boosted their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from 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.