The Boeing Company $BA Holdings Raised by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. lifted its stake in shares of The Boeing Company (NYSE:BA) by 4.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,312 shares of the aircraft producer’s stock after purchasing an additional 434 shares during the quarter. Boeing comprises about 1.1% of Asahi Life Asset Management CO. LTD.’s investment portfolio, making the stock its 22nd largest holding. Asahi Life Asset Management CO. LTD.’s holdings in Boeing were worth $1,951,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Asset Planning Inc. bought a new stake in shares of Boeing during the second quarter valued at about $25,000. Piscataqua Savings Bank raised its stake in shares of Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares in the last quarter. Monetary Management Group Inc. raised its stake in shares of Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares in the last quarter. IMG Wealth Management Inc. raised its stake in shares of Boeing by 159.4% during the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after purchasing an additional 110 shares in the last quarter. Finally, Keener Financial Planning LLC bought a new stake in shares of Boeing during the second quarter valued at about $41,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Down 0.1%

NYSE BA opened at $197.76 on Thursday. The stock’s 50-day moving average price is $218.25 and its two-hundred day moving average price is $213.61. The company has a market cap of $150.32 billion, a PE ratio of -14.46 and a beta of 1.44. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

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

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the sale, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, the director owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research note on Tuesday, September 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of Boeing in a research report on Monday, September 29th. Sanford C. Bernstein boosted their price target on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Citigroup reiterated a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Finally, Bank of America boosted their price target on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Three research 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $241.80.

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.