Asset Management One Co. Ltd. Boosts Stake in The Boeing Company (NYSE:BA)

Asset Management One Co. Ltd. lifted its holdings in The Boeing Company (NYSE:BA - Free Report) by 10.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 414,657 shares of the aircraft producer's stock after purchasing an additional 39,806 shares during the quarter. Asset Management One Co. Ltd. owned 0.06% of Boeing worth $70,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Revolve Wealth Partners LLC bought a new position in Boeing in the fourth quarter valued at about $201,000. Bank Pictet & Cie Europe AG purchased a new stake in shares of Boeing during the 4th quarter valued at about $7,837,000. TCW Group Inc. purchased a new stake in shares of Boeing during the 4th quarter valued at about $2,833,000. Howard Capital Management Inc. lifted its stake in shares of Boeing by 5.3% in the 4th quarter. Howard Capital Management Inc. now owns 3,576 shares of the aircraft producer's stock worth $633,000 after purchasing an additional 180 shares during the period. Finally, MONECO Advisors LLC boosted its holdings in shares of Boeing by 28.6% in the fourth quarter. MONECO Advisors LLC now owns 5,548 shares of the aircraft producer's stock worth $982,000 after buying an additional 1,234 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of BA traded down $1.85 during mid-day trading on Wednesday, hitting $199.09. 4,664,861 shares of the stock were exchanged, compared to its average volume of 9,422,940. The company has a market cap of $150.12 billion, a PE ratio of -11.11 and a beta of 1.43. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $218.80. The firm has a 50-day moving average of $195.13 and a two-hundred day moving average of $179.09.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. During the same period in the previous year, the company earned ($1.13) EPS. Boeing's revenue for the quarter was up 17.7% compared to the same quarter last year. On average, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now directly owns 42,513 shares of the company's stock, valued at $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The sale 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 firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president now directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wells Fargo & Company reiterated an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Melius raised Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Bank of America upgraded Boeing from a "neutral" rating to a "buy" rating and upped their price target for the stock from $185.00 to $260.00 in a research report on Monday, June 2nd. Finally, Susquehanna reaffirmed a "positive" rating and set a $240.00 price objective (up from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $209.85.

Boeing Company 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.