Mitsubishi UFJ Trust & Banking Corp Has $68.17 Million Stock Holdings in The Boeing Company $BA

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of The Boeing Company (NYSE:BA) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 325,368 shares of the aircraft producer’s stock after selling 867 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Boeing were worth $68,174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Boeing by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after acquiring an additional 1,212,327 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Boeing by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer’s stock worth $715,979,000 after buying an additional 19,615 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Boeing by 3.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,933,139 shares of the aircraft producer’s stock valued at $500,247,000 after acquiring an additional 91,707 shares during the last quarter. Swiss National Bank raised its position in shares of Boeing by 2.5% in the 1st quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer’s stock valued at $359,895,000 after acquiring an additional 51,700 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Boeing by 2.3% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,014,928 shares of the aircraft producer’s stock worth $422,188,000 after acquiring an additional 46,180 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Trading Up 0.2%

Shares of BA stock opened at $195.63 on Thursday. The firm has a fifty day simple moving average of $214.27 and a two-hundred day simple moving average of $214.50. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The firm has a market capitalization of $148.70 billion, a PE ratio of -14.30 and a beta of 1.44.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the prior year, the company earned ($10.44) EPS. Boeing’s revenue was up 30.4% on a year-over-year basis. On average, equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley bought 2,200 shares of Boeing stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director owned 2,200 shares in the company, valued at approximately $497,420. This represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Barclays lifted their price objective on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft cut shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a research report on Thursday, October 30th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and boosted their price target for the stock from $242.00 to $270.00 in a research report on Monday, September 8th. Finally, JPMorgan Chase & Co. lowered their price target on Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $241.05.

Boeing 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.