Securian Asset Management Inc. Purchases 7,781 Shares of The Boeing Company (NYSE:BA)

Securian Asset Management Inc. grew its position in shares of The Boeing Company (NYSE:BA - Free Report) by 24.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,086 shares of the aircraft producer's stock after buying an additional 7,781 shares during the quarter. Securian Asset Management Inc.'s holdings in Boeing were worth $7,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AdvisorNet Financial Inc lifted its holdings in shares of Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock valued at $358,000 after buying an additional 710 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Boeing by 8.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer's stock worth $72,075,000 after purchasing an additional 38,300 shares during the period. Carnegie Investment Counsel raised its holdings in Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock worth $818,000 after purchasing an additional 2,943 shares during the period. Principal Financial Group Inc. raised its holdings in Boeing by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock worth $101,296,000 after purchasing an additional 38,332 shares during the period. Finally, Jennison Associates LLC raised its holdings in Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock worth $1,018,775,000 after purchasing an additional 602,143 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Trading Up 4.1 %

BA opened at $154.19 on Wednesday. The firm has a market cap of $115.65 billion, a P/E ratio of -8.42 and a beta of 1.53. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95. The stock has a 50-day moving average of $174.00 and a 200 day moving average of $163.83.

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

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Citigroup increased their price target on Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. increased their price target on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Finally, Susquehanna increased their price target on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $195.16.

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.

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