SBI Securities Co. Ltd. Raises Stake in The Boeing Company (NYSE:BA)

SBI Securities Co. Ltd. boosted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 8.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,611 shares of the aircraft producer's stock after buying an additional 2,404 shares during the period. SBI Securities Co. Ltd.'s holdings in Boeing were worth $5,221,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after acquiring an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC lifted its stake in Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after acquiring an additional 3,452,075 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Boeing during the fourth quarter worth about $568,000. Alyeska Investment Group L.P. purchased a new stake in Boeing during the 4th quarter worth approximately $526,889,000. Finally, Zimmer Partners LP acquired a new position in shares of Boeing in the fourth quarter worth $393,736,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BA. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Susquehanna reaffirmed a "positive" rating on shares of Boeing in a report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $200.00 to $230.00 and gave the stock an "overweight" rating in a research note on Wednesday. Jefferies Financial Group increased their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Benchmark decreased their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Four analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $219.95.

Insider Buying and Selling

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the transaction, the senior vice president owned 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president owned 42,513 shares of the company's stock, valued at $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Performance

BA stock traded down $0.17 during midday trading on Wednesday, hitting $229.83. 7,004,184 shares of the stock were exchanged, compared to its average volume of 8,691,506. The stock's 50-day moving average price is $207.90 and its 200-day moving average price is $183.67. The stock has a market cap of $173.29 billion, a price-to-earnings ratio of -12.83 and a beta of 1.41. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $233.61.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. During the same period last year, the company earned ($1.13) EPS. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. Research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

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.