The Boeing Company (NYSE:BA) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its holdings in The Boeing Company (NYSE:BA) by 4.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,231 shares of the aircraft producer’s stock after purchasing an additional 533 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Boeing were worth $3,449,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CNB Bank grew its holdings in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Park Place Capital Corp grew its holdings in shares of Boeing by 185.1% in the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after purchasing an additional 137 shares in the last quarter. Lowe Wealth Advisors LLC acquired a new position in shares of Boeing in the third quarter valued at approximately $43,000. Naples Money Management LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $44,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in Boeing by 66.2% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on BA. Melius reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. UBS Group lowered their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Sanford C. Bernstein lowered their price target on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Royal Bank of Canada lowered their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Stifel Nicolaus lowered their price target on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $226.71.

Boeing Stock Down 2.9 %

NYSE:BA traded down $4.84 during trading hours on Wednesday, reaching $164.34. 20,821,575 shares of the company’s stock were exchanged, compared to its average volume of 9,753,916. The firm has a market capitalization of $100.27 billion, a price-to-earnings ratio of -44.66, a P/E/G ratio of 135.00 and a beta of 1.52. The company has a 50-day moving average of $188.03 and a 200 day moving average of $206.89. The Boeing Company has a 1-year low of $162.74 and a 1-year high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.75) EPS. Research analysts forecast that The Boeing Company will post 0.32 EPS for the current fiscal 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.