The Boeing Company (NYSE:BA) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Boeing by 12.3% in Q1, owning 1,537,301 shares valued at approximately $262 million.
• In addition, American National Bank & Trust boosted its stake in Boeing by 474.1%, while multiple other hedge funds also increased their positions significantly.
• Boeing reported a loss of $1.24 per share for the last quarter, missing estimates, although revenue increased by 34.9% year-over-year to $22.75 billion.

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in The Boeing Company (NYSE:BA - Free Report) by 12.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,537,301 shares of the aircraft producer's stock after buying an additional 168,662 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Boeing worth $262,187,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Boeing during the 4th quarter worth $568,000. Alyeska Investment Group L.P. purchased a new stake in shares of Boeing during the 4th quarter worth $526,889,000. Zimmer Partners LP purchased a new stake in shares of Boeing during the 4th quarter worth $393,736,000. Northern Trust Corp boosted its position in shares of Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after purchasing an additional 1,634,231 shares in the last quarter. Finally, Sculptor Capital LP purchased a new stake in shares of Boeing during the 4th quarter worth $265,500,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $250.00 price objective on shares of Boeing in a research report on Wednesday, July 30th. Susquehanna boosted their price objective on shares of Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a research report on Wednesday, July 30th. Jefferies Financial Group boosted their price objective on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $228.90.

Insider Transactions at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the transaction, the executive vice president owned 20,513 shares of the company's stock, valued at $4,161,472.31. This represents a 13.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the transaction, the senior vice president directly owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Boeing Stock Performance

BA stock traded up $1.75 during trading on Friday, hitting $229.08. The stock had a trading volume of 4,716,407 shares, compared to its average volume of 7,343,935. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company's 50 day moving average price is $217.39 and its two-hundred day moving average price is $190.57. The stock has a market cap of $173.22 billion, a price-to-earnings ratio of -13.88 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same period in the prior year, the company posted ($2.90) earnings per share. Boeing's revenue was up 34.9% on a year-over-year basis. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 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.