Nissay Asset Management Corp Japan ADV Acquires 3,601 Shares of The Boeing Company $BA

Nissay Asset Management Corp Japan ADV grew its holdings in The Boeing Company (NYSE:BA) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,947 shares of the aircraft producer’s stock after acquiring an additional 3,601 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Boeing were worth $15,511,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vestcor Inc boosted its holdings in Boeing by 9.0% in the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock worth $2,471,000 after purchasing an additional 1,195 shares in the last quarter. National Pension Service lifted its position in shares of Boeing by 19.6% in the first quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock worth $227,365,000 after buying an additional 218,049 shares during the last quarter. KKM Financial LLC lifted its position in shares of Boeing by 50.8% in the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer’s stock worth $2,720,000 after buying an additional 5,175 shares during the last quarter. Wynn Capital LLC bought a new stake in shares of Boeing during the 1st quarter worth about $584,000. Finally, Zimmer Partners LP acquired a new position in shares of Boeing during the 4th quarter valued at about $393,736,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Transactions at Boeing

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the transaction, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BA has been the subject of several analyst reports. Barclays boosted their target price on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Susquehanna lifted their price target on shares of Boeing from $265.00 to $270.00 and gave the company a “positive” rating in a research report on Wednesday, July 30th. UBS Group set a $280.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Bank of America raised their target price on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, 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. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $228.90.

Boeing Trading Down 0.6%

Shares of Boeing stock opened at $229.40 on Friday. The company’s fifty day simple moving average is $227.54 and its 200-day simple moving average is $197.69. The company has a market cap of $173.47 billion, a price-to-earnings ratio of -13.89 and a beta of 1.48. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

Boeing (NYSE:BA) last released its earnings results 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 company had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. During the same period in the prior year, the firm posted ($2.90) EPS. Boeing’s revenue was up 34.9% on a year-over-year basis. As a group, research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing 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.