Asset Management One Co. Ltd. Acquires 55,748 Shares of The Boeing Company (NYSE:BA)

Asset Management One Co. Ltd. raised its stake in shares of The Boeing Company (NYSE:BA) by 17.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 374,851 shares of the aircraft producer’s stock after purchasing an additional 55,748 shares during the period. Asset Management One Co. Ltd.’s holdings in Boeing were worth $67,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing during the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. bought a new position in Boeing during the 4th quarter valued at $28,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing during the 3rd quarter worth $28,000. Heck Capital Advisors LLC purchased a new position in Boeing during the 4th quarter worth $33,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of Boeing in the 4th quarter worth $34,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BA. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. 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. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, Morgan Stanley reduced their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Price Performance

Shares of BA stock opened at $185.75 on Friday. The stock has a market capitalization of $139.33 billion, a price-to-earnings ratio of -10.14 and a beta of 1.52. The company’s fifty day simple moving average is $173.77 and its two-hundred day simple moving average is $164.10. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10.

Boeing (NYSE:BA) last released 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 quarter in the prior year, the company posted ($0.47) earnings per share. Equities research analysts anticipate that The Boeing Company will post -2.3 EPS for the current 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.