UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 369,306 Shares of The Boeing Company (NYSE:BA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in The Boeing Company (NYSE:BA) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,841,432 shares of the aircraft producer’s stock after buying an additional 369,306 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.38% of Boeing worth $502,933,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BA. Sierra Ocean LLC bought a new position in shares of Boeing during the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing during the fourth quarter valued at approximately $28,000. HighMark Wealth Management LLC increased its stake in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC increased its stake in shares of Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BA. UBS Group raised their target price on shares of Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Morgan Stanley reaffirmed a “positive” rating on shares of Boeing in a research note on Friday. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Melius Research set a $204.00 price target on shares of Boeing in a research report on Monday, March 24th. Finally, Benchmark reduced their price target on shares of Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $204.35.

Insider Transactions at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction on 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 now owns 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders have sold 10,903 shares of company stock worth $2,082,169 in the last 90 days. 0.09% of the stock is currently owned by insiders.

Boeing Trading Up 1.1%

Shares of BA stock opened at $207.48 on Wednesday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $209.66. The firm’s 50 day moving average is $173.70 and its 200 day moving average is $169.40. The stock has a market capitalization of $156.44 billion, a P/E ratio of -11.33 and a beta of 1.41.

Boeing (NYSE:BA) 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 company had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. During the same quarter in the prior year, the business posted ($1.13) EPS. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current 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.