Daiwa Securities Group Inc. Raises Holdings in The Boeing Company (NYSE:BA)

Daiwa Securities Group Inc. increased its position in The Boeing Company (NYSE:BA) by 15.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 171,289 shares of the aircraft producer’s stock after acquiring an additional 22,437 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Boeing were worth $30,318,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BA. Raymond James Financial Inc. purchased a new position in shares of Boeing in the fourth quarter worth about $230,944,000. Amundi grew its stake in Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock valued at $268,862,000 after buying an additional 1,292,417 shares in the last quarter. Franklin Resources Inc. raised its holdings in Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after acquiring an additional 1,055,472 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock worth $739,585,000 after acquiring an additional 981,796 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after acquiring an additional 636,594 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

BA stock opened at $154.20 on Monday. The Boeing Company has a one year low of $137.03 and a one year high of $203.80. The company has a market capitalization of $115.66 billion, a PE ratio of -8.42 and a beta of 1.53. The company’s 50 day moving average price is $175.03 and its two-hundred day moving average price is $164.15.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the firm posted ($0.47) EPS. On average, research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BA has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Citigroup raised their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, UBS Group upped their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

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.