Tokio Marine Asset Management Co. Ltd. Grows Stake in The Boeing Company (NYSE:BA)

Tokio Marine Asset Management Co. Ltd. increased its position in The Boeing Company (NYSE:BA) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,267 shares of the aircraft producer’s stock after acquiring an additional 1,079 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Boeing were worth $2,473,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BA. Black Swift Group LLC increased its position in shares of Boeing by 76.6% during the third quarter. Black Swift Group LLC now owns 18,100 shares of the aircraft producer’s stock valued at $2,752,000 after buying an additional 7,850 shares during the period. Metis Global Partners LLC grew its position in Boeing by 3.0% in the third quarter. Metis Global Partners LLC now owns 18,701 shares of the aircraft producer’s stock worth $2,843,000 after acquiring an additional 548 shares in the last quarter. Planning Capital Management Corp boosted its holdings in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares in the last quarter. Zions Bancorporation N.A. increased its position in shares of Boeing by 85.4% during the 3rd quarter. Zions Bancorporation N.A. now owns 1,550 shares of the aircraft producer’s stock valued at $236,000 after purchasing an additional 714 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Boeing by 5.1% during the 3rd quarter. KBC Group NV now owns 45,583 shares of the aircraft producer’s stock valued at $6,930,000 after buying an additional 2,201 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $138.13 on Friday. The firm has a 50-day moving average of $154.03 and a 200 day moving average of $169.89. The Boeing Company has a 1 year low of $137.22 and a 1 year high of $267.54. The stock has a market cap of $85.39 billion, a P/E ratio of -10.71 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business earned ($3.26) earnings per share. Research analysts expect that The Boeing Company will post -16.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Jefferies Financial Group decreased their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Wells Fargo & Company dropped their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Robert W. Baird decreased their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Citigroup dropped their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $190.37.

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.