Mufg Securities Americas Inc. Takes $1.95 Million Position in The Boeing Company (NYSE:BA)

Mufg Securities Americas Inc. purchased a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,035 shares of the aircraft producer’s stock, valued at approximately $1,953,000.

A number of other large investors also recently bought and sold shares of the business. Fiduciary Alliance LLC acquired a new position in shares of Boeing during the fourth quarter valued at approximately $482,000. Wedmont Private Capital boosted its stake in shares of Boeing by 8.3% in the fourth quarter. Wedmont Private Capital now owns 4,950 shares of the aircraft producer’s stock worth $851,000 after acquiring an additional 381 shares during the last quarter. Claro Advisors LLC increased its position in shares of Boeing by 12.8% during the fourth quarter. Claro Advisors LLC now owns 5,174 shares of the aircraft producer’s stock worth $916,000 after purchasing an additional 589 shares in the last quarter. Eastern Bank raised its stake in Boeing by 13.1% in the 4th quarter. Eastern Bank now owns 13,703 shares of the aircraft producer’s stock valued at $2,425,000 after purchasing an additional 1,583 shares during the last quarter. Finally, Tsfg LLC raised its stake in Boeing by 82.2% in the 4th quarter. Tsfg LLC now owns 583 shares of the aircraft producer’s stock valued at $103,000 after purchasing an additional 263 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the topic of several recent research reports. UBS Group lifted their target price on shares of Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. JPMorgan Chase & Co. boosted their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Citigroup upped their price objective on shares of Boeing from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Finally, Sanford C. Bernstein upgraded Boeing from a “market perform” rating to an “outperform” rating and upped their price target for the company from $181.00 to $218.00 in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.85.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were 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. This represents a 8.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Uma M. Amuluru sold 3,159 shares of the 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 sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of BA opened at $203.36 on Wednesday. The firm has a 50-day simple moving average of $168.61 and a two-hundred day simple moving average of $167.55. The stock has a market cap of $153.33 billion, a PE ratio of -11.10 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $205.73.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the business posted ($1.13) EPS. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.