Mizuho Asset Management Co. Ltd. increased its position in shares of Boeing Co. (NYSE:BA) by 87.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,403 shares of the aircraft producer’s stock after buying an additional 3,910 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Boeing were worth $1,091,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Boeing during the second quarter worth approximately $168,000. CWM LLC raised its stake in Boeing by 23.6% in the second quarter. CWM LLC now owns 1,477 shares of the aircraft producer’s stock worth $192,000 after buying an additional 282 shares during the period. Loomis Sayles & Co. L P raised its stake in Boeing by 82.1% in the first quarter. Loomis Sayles & Co. L P now owns 1,513 shares of the aircraft producer’s stock worth $192,000 after buying an additional 682 shares during the period. Hudock Capital Group LLC raised its stake in Boeing by 4.2% in the second quarter. Hudock Capital Group LLC now owns 1,553 shares of the aircraft producer’s stock worth $201,000 after buying an additional 62 shares during the period. Finally, Arcus Capital Partners LLC raised its stake in Boeing by 0.8% in the second quarter. Arcus Capital Partners LLC now owns 1,590 shares of the aircraft producer’s stock worth $207,000 after buying an additional 13 shares during the period. 75.46% of the stock is currently owned by institutional investors and hedge funds.
Boeing Co. (NYSE:BA) traded up 0.40% on Tuesday, reaching $131.09. The company’s stock had a trading volume of 265,731 shares. Boeing Co. has a 52-week low of $102.10 and a 52-week high of $150.59. The stock has a market cap of $81.78 billion, a price-to-earnings ratio of 23.60 and a beta of 1.06. The firm’s 50-day moving average price is $131.63 and its 200-day moving average price is $130.95.
Boeing (NYSE:BA) last released its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, topping the consensus estimate of ($0.92) by $0.48. Boeing had a return on equity of 82.66% and a net margin of 3.84%. The firm earned $24.80 million during the quarter, compared to analysts’ expectations of $23.22 million. During the same period in the prior year, the company earned $1.62 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts expect that Boeing Co. will post $6.29 earnings per share for the current year.
A number of analysts have issued reports on the company. Goldman Sachs Group Inc. set a $101.00 target price on Boeing and gave the company a “sell” rating in a report on Tuesday, May 31st. Jefferies Group reaffirmed a “buy” rating on shares of Boeing in a report on Tuesday, May 31st. Vetr raised Boeing from a “sell” rating to a “hold” rating and set a $129.80 target price on the stock in a report on Monday, July 25th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $160.00 target price on shares of Boeing in a report on Wednesday, June 1st. Finally, Canaccord Genuity raised their target price on Boeing from $140.00 to $144.00 and gave the company a “hold” rating in a report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $147.23.
In other news, SVP Diana L. Sands sold 14,151 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $133.06, for a total value of $1,882,932.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Randall L. Stephenson purchased 1,871 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was purchased at an average price of $133.89 per share, with a total value of $250,508.19. Following the completion of the purchase, the director now directly owns 3,721 shares in the company, valued at approximately $498,204.69. The disclosure for this purchase can be found here. 0.58% of the stock is owned by insiders.
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
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