MetLife Investment Management LLC Purchases 45,803 Shares of The Boeing Company (NYSE:BA)

MetLife Investment Management LLC raised its stake in The Boeing Company (NYSE:BA - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 202,281 shares of the aircraft producer's stock after purchasing an additional 45,803 shares during the period. MetLife Investment Management LLC's holdings in Boeing were worth $35,804,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis grew its position in Boeing by 172.7% in the 4th quarter. Natixis now owns 213,543 shares of the aircraft producer's stock valued at $37,797,000 after purchasing an additional 135,248 shares during the period. Norinchukin Bank The lifted its position in Boeing by 21.0% in the 4th quarter. Norinchukin Bank The now owns 42,205 shares of the aircraft producer's stock valued at $7,470,000 after acquiring an additional 7,316 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Boeing during the 4th quarter valued at about $5,157,000. Covalis Capital LLP bought a new stake in Boeing during the 4th quarter worth approximately $1,067,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Boeing by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,275,394 shares of the aircraft producer's stock worth $225,745,000 after purchasing an additional 39,661 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Stock Up 2.2 %

Shares of BA traded up $3.80 during trading hours on Thursday, hitting $176.17. The company had a trading volume of 6,225,326 shares, compared to its average volume of 9,100,654. The stock's 50 day moving average price is $165.18 and its 200 day moving average price is $164.29. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95. The firm has a market cap of $132.14 billion, a P/E ratio of -9.62 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of analyst reports. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. JPMorgan Chase & Co. increased their price target on Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. UBS Group upped their price objective on Boeing from $190.00 to $207.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Susquehanna raised their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $197.70.

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

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.