Tokio Marine Asset Management Co. Ltd. Grows Stock Holdings in The Boeing Company (NYSE:BA)

Tokio Marine Asset Management Co. Ltd. raised its position in The Boeing Company (NYSE:BA) by 7.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,267 shares of the aircraft producer’s stock after acquiring an additional 1,079 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Boeing were worth $2,473,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kiely Wealth Advisory Group Inc. purchased a new position in shares of Boeing during the 2nd quarter worth $33,000. Hobbs Group Advisors LLC purchased a new stake in Boeing in the second quarter worth about $34,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Boeing in the second quarter worth about $39,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Boeing during the 2nd quarter valued at about $41,000. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of a number of recent analyst reports. TD Cowen decreased their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Jefferies Financial Group decreased their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Wells Fargo & Company decreased their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Finally, Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $190.37.

Boeing Stock Down 1.3 %

Shares of BA opened at $138.13 on Friday. The Boeing Company has a fifty-two week low of $137.22 and a fifty-two week high of $267.54. The company has a market cap of $85.39 billion, a P/E ratio of -10.71 and a beta of 1.57. The firm’s 50 day moving average price is $154.03 and its 200 day moving average price is $169.89.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the firm earned ($3.26) EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts forecast that The Boeing Company will post -16.09 earnings per share 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.