The Boeing Company (NYSE:BA) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in The Boeing Company (NYSE:BA) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,639 shares of the aircraft producer’s stock after acquiring an additional 2,838 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Boeing were worth $31,967,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Key Financial Inc boosted its position in shares of Boeing by 60.1% in the 4th quarter. Key Financial Inc now owns 7,992 shares of the aircraft producer’s stock worth $2,083,000 after buying an additional 3,000 shares in the last quarter. Telos Capital Management Inc. purchased a new stake in shares of Boeing in the 4th quarter worth about $233,000. Alpha Omega Wealth Management LLC purchased a new position in Boeing in the 4th quarter valued at about $252,000. Beam Wealth Advisors Inc. purchased a new position in Boeing in the 4th quarter valued at about $214,000. Finally, Rakuten Securities Inc. purchased a new position in Boeing in the 4th quarter valued at about $376,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on BA shares. Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Tuesday, March 26th. Susquehanna reduced their target price on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Melius Research restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Northcoast Research lowered shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a report on Wednesday. Finally, UBS Group dropped their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $229.35.

Boeing Stock Performance

BA traded down $0.36 on Wednesday, reaching $170.19. 8,158,983 shares of the company’s stock were exchanged, compared to its average volume of 9,832,688. The company has a market cap of $103.84 billion, a price-to-earnings ratio of -46.08, a PEG ratio of 114.53 and a beta of 1.52. The company’s 50 day moving average is $192.69 and its 200-day moving average is $207.80. The Boeing Company has a twelve month low of $167.53 and a twelve month high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter in the prior year, the business earned ($1.75) EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts forecast that The Boeing Company will post 0.37 EPS for the current 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.