Norinchukin Bank The Has $7.47 Million Stock Position in The Boeing Company (NYSE:BA)

Norinchukin Bank The increased its holdings in The Boeing Company (NYSE:BA) by 21.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,205 shares of the aircraft producer’s stock after acquiring an additional 7,316 shares during the period. Norinchukin Bank The’s holdings in Boeing were worth $7,470,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BA. Sierra Ocean LLC bought a new position in shares of Boeing in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the 4th quarter worth $27,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing in the fourth quarter valued at about $28,000. HighMark Wealth Management LLC boosted its holdings in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC grew its position in Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 3.4 %

Shares of NYSE:BA opened at $161.84 on Friday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95. The stock has a market cap of $121.39 billion, a P/E ratio of -8.83 and a beta of 1.24. The company has a 50 day moving average of $166.41 and a 200 day moving average of $164.03.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the firm posted ($0.47) earnings per share. On average, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BA shares. JPMorgan Chase & Co. upped their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. StockNews.com raised shares of Boeing to a “sell” rating in a research report on Saturday, April 5th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Finally, Citigroup increased their price objective on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $198.95.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by 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.