The Boeing Company (NYSE:BA) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 29.3% in the 4th quarter, HoldingsChannel reports. The firm owned 202,281 shares of the aircraft producer’s stock after buying an additional 45,803 shares during the quarter. MetLife Investment Management LLC’s holdings in Boeing were worth $35,804,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

BA has been the subject of several recent research reports. Susquehanna increased their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Wells Fargo & Company dropped their target price on Boeing from $113.00 to $111.00 and set an “underweight” rating on the stock in a report on Tuesday, April 15th. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Finally, Citigroup lifted their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $198.95.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s 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 completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Shares of NYSE:BA opened at $161.84 on Friday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The company’s fifty day moving average is $166.41 and its two-hundred day moving average is $164.11. The stock has a market capitalization of $121.39 billion, a price-to-earnings ratio of -8.83 and a beta of 1.24.

Boeing (NYSE:BA) last posted 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 earned ($0.47) earnings per share. Sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

About Boeing

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.