Norinchukin Bank The Acquires 5,068 Shares of The Boeing Company $BA

Key Points

• Norinchukin Bank increased its stake in Boeing by 12.0%, acquiring an additional 5,068 shares in the first quarter, bringing its total holdings to 47,273 shares valued at approximately $8.06 million.
• Boeing recently reported a loss of ($1.24) earnings per share for the last quarter, which was worse than analysts' expectations, despite a significant revenue increase of 34.9% year-over-year.
• Analysts maintain a generally positive outlook on Boeing, with three rating the stock as a Strong Buy and a consensus price target of $228.90.

Norinchukin Bank The grew its holdings in The Boeing Company (NYSE:BA - Free Report) by 12.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,273 shares of the aircraft producer's stock after acquiring an additional 5,068 shares during the period. Norinchukin Bank The's holdings in Boeing were worth $8,062,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BA. CW Advisors LLC boosted its position in shares of Boeing by 22.0% in the first quarter. CW Advisors LLC now owns 23,649 shares of the aircraft producer's stock worth $4,060,000 after purchasing an additional 4,257 shares during the period. Summit Financial LLC boosted its position in shares of Boeing by 1.4% in the first quarter. Summit Financial LLC now owns 12,963 shares of the aircraft producer's stock worth $2,211,000 after purchasing an additional 173 shares during the period. Osterweis Capital Management Inc. boosted its position in shares of Boeing by 31.8% in the first quarter. Osterweis Capital Management Inc. now owns 109,881 shares of the aircraft producer's stock worth $18,740,000 after purchasing an additional 26,522 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in shares of Boeing by 2.3% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 7,057 shares of the aircraft producer's stock worth $1,204,000 after purchasing an additional 156 shares during the period. Finally, Capital Analysts LLC boosted its position in shares of Boeing by 5.2% in the first quarter. Capital Analysts LLC now owns 18,451 shares of the aircraft producer's stock worth $3,147,000 after purchasing an additional 917 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Up 0.1%

Boeing stock opened at $225.3060 on Thursday. The firm has a market cap of $170.37 billion, a price-to-earnings ratio of -13.65 and a beta of 1.48. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The business's 50-day moving average price is $220.17 and its 200 day moving average price is $193.55.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results 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 company had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period last year, the firm earned ($2.90) earnings per share. Equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BA shares. Royal Bank Of Canada restated an "outperform" rating and set a $250.00 target price on shares of Boeing in a research report on Wednesday, July 30th. Cowen reaffirmed a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the stock a "buy" rating in a research note on Thursday, June 12th. Barclays lifted their price objective on shares of Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Boeing in a research report on Monday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and a consensus price target of $228.90.

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the sale, the executive vice president directly 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. Company insiders own 0.09% of the company's stock.

Boeing Company Profile

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.

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