Sumitomo Mitsui DS Asset Management Company Ltd Purchases 13,451 Shares of The Boeing Company (NYSE:BA)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of The Boeing Company (NYSE:BA) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 295,064 shares of the aircraft producer’s stock after purchasing an additional 13,451 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Boeing were worth $52,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors 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. RPg Family Wealth Advisory LLC bought a new position in Boeing during the 3rd quarter valued at approximately $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing during the fourth quarter valued at $28,000. Cedar Wealth Management LLC bought a new stake in Boeing in the third quarter worth $30,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Boeing in the fourth quarter worth $33,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BA has been the subject of several recent analyst reports. UBS Group lifted their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Wells Fargo & Company upped their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Robert W. Baird reduced their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Benchmark reissued a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Price Performance

Shares of BA stock opened at $184.81 on Friday. The company has a market cap of $114.25 billion, a price-to-earnings ratio of -10.09 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $213.77. The firm has a fifty day moving average price of $171.05 and a 200-day moving average price of $164.12.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) earnings per share. Equities research analysts expect that The Boeing Company will post -2.12 EPS for the current year.

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.