The Boeing Company (NYSE:BA) Shares Sold by MUFG Securities EMEA plc

MUFG Securities EMEA plc lowered its holdings in The Boeing Company (NYSE:BAFree Report) by 81.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,286 shares of the aircraft producer’s stock after selling 5,555 shares during the period. MUFG Securities EMEA plc’s holdings in Boeing were worth $335,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BA. Jennison Associates LLC purchased a new position in shares of Boeing in the fourth quarter valued at $960,397,000. Boston Partners boosted its stake in shares of Boeing by 861.6% in the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after purchasing an additional 1,617,151 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Boeing by 8,961.2% in the third quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock valued at $222,628,000 after purchasing an additional 1,148,643 shares during the period. Barclays PLC boosted its stake in shares of Boeing by 54.5% in the third quarter. Barclays PLC now owns 2,351,731 shares of the aircraft producer’s stock valued at $450,783,000 after purchasing an additional 829,321 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Boeing by 30.1% in the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock valued at $628,599,000 after purchasing an additional 759,267 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA stock traded up $2.31 during trading hours on Friday, reaching $174.52. The stock had a trading volume of 9,489,380 shares, compared to its average volume of 6,679,203. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The firm has a 50-day simple moving average of $179.01 and a 200-day simple moving average of $205.53. The firm has a market capitalization of $107.13 billion, a PE ratio of -49.16 and a beta of 1.54.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. On average, equities analysts anticipate that The Boeing Company will post -1.11 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Stifel Nicolaus restated a “buy” rating and issued a $240.00 target price on shares of Boeing in a research note on Wednesday, May 15th. StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Bank of America reduced their price objective on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Finally, UBS Group reduced their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $221.24.

Read Our Latest Analysis on BA

Boeing Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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