The Boeing Company $BA Shares Purchased by Nissay Asset Management Corp Japan ADV

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in The Boeing Company by 4.1%, acquiring 3,601 additional shares, bringing its total holdings to 90,947 shares valued at approximately $15.5 million.
• Several hedge funds, including Vestcor Inc and the National Pension Service, have also boosted their holdings in Boeing, reflecting strong interest from institutional investors, who collectively own 64.82% of the company’s stock.
• Boeing faced disappointing earnings results, reporting a loss of ($1.24) EPS, which was lower than the consensus estimate, although its revenue increased by 34.9% year-over-year.

Nissay Asset Management Corp Japan ADV increased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 4.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 90,947 shares of the aircraft producer's stock after purchasing an additional 3,601 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Boeing were worth $15,511,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. American National Bank & Trust boosted its position in shares of Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after purchasing an additional 128 shares during the period. REAP Financial Group LLC lifted its holdings in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after buying an additional 65 shares in the last quarter. Dogwood Wealth Management LLC lifted its holdings in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 112 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in Boeing during the 4th quarter worth approximately $33,000. Finally, Proathlete Wealth Management LLC acquired a new stake in Boeing during the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mortimer J. Buckley purchased 2,200 shares of the business's stock in a transaction that occurred 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 completion of the purchase, the director directly owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.

Boeing Price Performance

Shares of BA traded up $1.28 during midday trading on Monday, reaching $230.89. The stock had a trading volume of 5,950,176 shares, compared to its average volume of 5,922,415. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company's fifty day simple moving average is $227.96 and its two-hundred day simple moving average is $198.26. The company has a market cap of $174.59 billion, a price-to-earnings ratio of -13.99 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same quarter last year, the firm earned ($2.90) EPS. The company's quarterly revenue was up 34.9% on a year-over-year basis. On average, sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Ratings Changes

BA has been the topic of a number of research reports. Royal Bank Of Canada reiterated an "outperform" rating and set a $250.00 target price on shares of Boeing in a report on Wednesday, July 30th. TD Securities lowered shares of Boeing to a "cautious" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on shares of Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Rothschild & Co Redburn upgraded shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 target price on the stock in a report on Friday, June 27th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Boeing in a report on Monday, July 14th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $230.77.

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.