Mitsubishi Ufj Kokusai Asset Management Ltd. buys $48,366,450 stake in Boeing Co (BA)

Boeing Co (BA) : Mitsubishi Ufj Kokusai Asset Management Ltd. scooped up 31,771 additional shares in Boeing Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 362,948 shares of Boeing Co which is valued at $48,366,450.Boeing Co makes up approximately 1.31% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

Boeing Co opened for trading at $132.11 and hit $133.63 on the upside on Friday, eventually ending the session at $133.26, with a gain of 0.89% or 1.18 points. The heightened volatility saw the trading volume jump to 24,66,030 shares. Company has a market cap of $84,888 M.

Other Hedge Funds, Including , Tokio Marine Asset Management Co Ltd boosted its stake in BA in the latest quarter, The investment management firm added 3,450 additional shares and now holds a total of 24,182 shares of Boeing Co which is valued at $3,222,493. Boeing Co makes up approx 0.32% of Tokio Marine Asset Management Co Ltd’s portfolio.Whittier Trust Co boosted its stake in BA in the latest quarter, The investment management firm added 30,170 additional shares and now holds a total of 128,217 shares of Boeing Co which is valued at $17,283,652. Boeing Co makes up approx 0.76% of Whittier Trust Co’s portfolio.Ccm Investment Advisers reduced its stake in BA by selling 77,717 shares or 44.96% in the most recent quarter. The Hedge Fund company now holds 95,135 shares of BA which is valued at $12,824,198. Boeing Co makes up approx 1.21% of Ccm Investment Advisers’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in BA by selling 1,286 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 157,368 shares of BA which is valued at $20,623,076. Boeing Co makes up approx 0.20% of Tiaa Cref Trust Co Fsbmo’s portfolio.Gateway Investment Advisers reduced its stake in BA by selling 22,360 shares or 4.19% in the most recent quarter. The Hedge Fund company now holds 510,808 shares of BA which is valued at $66,941,388. Boeing Co makes up approx 0.57% of Gateway Investment Advisers’s portfolio.

On the company’s financial health, Boeing Co reported $1.74 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $1.84. The company had revenue of $22632.00 million for the quarter, compared to analysts expectations of $21497.36 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 EPS.

Many Wall Street Analysts have commented on Boeing Co. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 132 from a previous price target of $128 .Company shares were Reiterated by Canaccord Genuity on Apr 28, 2016 to “Hold”, Firm has raised the Price Target to $ 140 from a previous price target of $135 .Boeing Co was Downgraded by BofA/Merrill to ” Underperform” on Apr 20, 2016.

The Boeing Company together with its subsidiaries is an aerospace company. The Company operates through five segments: Commercial Airplanes Boeing Military Aircraft (BMA) Network & Space Systems (N&SS) Global Services & Support (GS&S) and Boeing Capital (BCC). The Defense Space & Security (BDS) business includes BMA N&SS and GS&S. The Commercial Airplanes segment develops produces and markets commercial jet aircraft and provides related support services. The BMA segment is engaged in the research development production and modification of manned and unmanned military aircraft and weapons systems for global strike. The N&SS segment is engaged in the research development production and modification of the products and related services. The GS&S segment provides a range of support solutions. The BCC segment’s portfolio consists of equipment under operating leases finance leases notes and other receivables assets held for sale or re-lease and investments.

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