Norinchukin Bank The Purchases 7,316 Shares of The Boeing Company (NYSE:BA)

Norinchukin Bank The grew its position in The Boeing Company (NYSE:BA) by 21.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,205 shares of the aircraft producer’s stock after buying an additional 7,316 shares during the quarter. Norinchukin Bank The’s holdings in Boeing were worth $7,470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BA. Sierra Ocean LLC bought a new stake in Boeing during the fourth quarter worth $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the 4th quarter worth $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing during the 4th quarter worth $28,000. HighMark Wealth Management LLC grew its position in Boeing by 121.6% in the fourth 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 last quarter. Finally, Anfield Capital Management LLC raised its stake in 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 acquiring an additional 95 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BA. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. UBS Group boosted their target price on shares of 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 increased their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Melius Research set a $204.00 price objective on Boeing in a research report on Monday, March 24th. Finally, StockNews.com upgraded Boeing to a “sell” rating in a research report on Saturday, April 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $198.95.

Boeing Trading Up 3.4 %

Shares of BA opened at $161.84 on Friday. The firm’s fifty day simple moving average is $166.41 and its two-hundred day simple moving average is $164.03. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95. The stock has a market capitalization of $121.39 billion, a P/E ratio of -8.83 and a beta of 1.24.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the company posted ($0.47) earnings per share. As a group, research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s 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 trade represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.09% of the stock is owned by corporate insiders.

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.