The Boeing Company (NYSE:BA) Holdings Raised by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV grew its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,346 shares of the aircraft producer's stock after purchasing an additional 17,027 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Boeing were worth $15,785,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after acquiring an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 3,452,075 shares in the last quarter. Northern Trust Corp raised its stake in shares of Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after purchasing an additional 1,634,231 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Boeing by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after purchasing an additional 164,042 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Boeing by 30.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock worth $739,585,000 after purchasing an additional 981,796 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president now directly owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. This trade represents a 14.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

Boeing Stock Performance

Shares of BA opened at $204.34 on Thursday. The stock has a fifty day moving average price of $169.61 and a two-hundred day moving average price of $167.80. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $209.66. The company has a market cap of $154.07 billion, a price-to-earnings ratio of -11.15 and a beta of 1.41.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company reissued an "underweight" rating and set a $140.00 price objective (up previously from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. TD Securities reiterated a "buy" rating and issued a $180.00 price objective on shares of Boeing in a research report on Thursday, April 24th. Susquehanna reiterated a "positive" rating and issued a $240.00 price objective (up previously from $205.00) on shares of Boeing in a research report on Wednesday. StockNews.com upgraded Boeing from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $203.60.

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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