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

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in Boeing by 8.9%, now owning 22,839 shares valued at approximately $3.9 million.
• Boeing's stock recently opened at $233.32 with a market capitalization of $176.43 billion and a year-to-date performance with a high of $242.69 and a low of $128.88.
• Despite a revenue increase to $22.75 billion, Boeing reported an EPS loss of ($1.24), missing the consensus estimate by $0.32.

Tokio Marine Asset Management Co. Ltd. lifted its position in The Boeing Company (NYSE:BA - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,839 shares of the aircraft producer's stock after buying an additional 1,865 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in Boeing were worth $3,895,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. American National Bank & Trust raised its position in Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after acquiring an additional 128 shares during the period. REAP Financial Group LLC raised its position in Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after acquiring an additional 65 shares during the period. Dogwood Wealth Management LLC raised its position in Boeing by 167.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 112 shares during the period. Heck Capital Advisors LLC bought a new position in Boeing in the fourth quarter worth approximately $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in Boeing by 122.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 191 shares of the aircraft producer's stock worth $34,000 after acquiring an additional 105 shares during the period. Institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on BA shares. The Goldman Sachs Group set a $212.00 price target on shares of Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. Susquehanna increased their price objective on shares of Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a research note on Wednesday, July 30th. Cowen reissued a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.90.

Insider Buying and Selling at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of Boeing 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 completion of the sale, the executive vice president directly owned 35,873 shares of the company's stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.09% of the company's stock.

Boeing Stock Up 0.9%

BA stock traded up $2.12 during mid-day trading on Friday, hitting $235.31. 6,285,891 shares of the company were exchanged, compared to its average volume of 8,429,573. The firm has a market capitalization of $177.93 billion, a P/E ratio of -14.25 and a beta of 1.48. The business has a fifty day simple moving average of $218.96 and a 200-day simple moving average of $192.09. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate 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 period last year, the firm posted ($2.90) earnings per share. The business's revenue for the quarter was up 34.9% on a year-over-year basis. Research analysts predict 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.