Daiwa Securities Group Inc. Has $31.97 Million Stock Position in The Boeing Company (NYSE:BA)

Daiwa Securities Group Inc. boosted its stake in shares of The Boeing Company (NYSE:BA) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 122,639 shares of the aircraft producer’s stock after buying an additional 2,838 shares during the period. Daiwa Securities Group Inc.’s holdings in Boeing were worth $31,967,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. United Bank raised its holdings in shares of Boeing by 4.7% in the first quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock valued at $964,000 after purchasing an additional 226 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Boeing by 1,064.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock worth $163,000 after purchasing an additional 777 shares during the period. Panagora Asset Management Inc. boosted its position in Boeing by 68.0% during the first quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock worth $1,362,000 after purchasing an additional 2,879 shares during the period. Prudential PLC acquired a new position in shares of Boeing in the first quarter valued at about $836,000. Finally, Dakota Wealth Management grew its stake in shares of Boeing by 26.7% in the first quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock valued at $408,000 after acquiring an additional 448 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BA shares. Susquehanna decreased their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research note on Thursday, March 21st. UBS Group cut their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Morgan Stanley cut their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. Bank of America cut their price objective on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. Finally, Sanford C. Bernstein cut their price objective on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average price target of $229.35.

Boeing Price Performance

NYSE BA traded down $0.36 during trading hours on Wednesday, reaching $170.19. The company’s stock had a trading volume of 8,158,983 shares, compared to its average volume of 9,832,688. The firm has a fifty day simple moving average of $192.69 and a 200-day simple moving average of $207.80. The stock has a market cap of $103.84 billion, a P/E ratio of -46.08, a P/E/G ratio of 114.53 and a beta of 1.52. The Boeing Company has a 52 week low of $167.53 and a 52 week high of $267.54.

Boeing (NYSE:BA) last issued 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 business had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned ($1.75) EPS. On average, research analysts expect that The Boeing Company will post 0.37 earnings per share for the current year.

About Boeing

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.