Sompo Asset Management Co. Ltd. Has $663,000 Stock Position in The Boeing Company (NYSE:BA)

Sompo Asset Management Co. Ltd. boosted its holdings in The Boeing Company (NYSE:BA) by 22.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,640 shares of the aircraft producer’s stock after acquiring an additional 660 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Boeing were worth $663,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BA. Vanguard Group Inc. boosted its holdings in shares of Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after acquiring an additional 1,222,816 shares in the last quarter. Newport Trust Company LLC raised its position in Boeing by 1.2% in the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after purchasing an additional 388,633 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after purchasing an additional 4,425,964 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Boeing by 23.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after purchasing an additional 1,884,850 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Boeing by 1.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock valued at $1,386,757,000 after buying an additional 106,513 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 0.8 %

BA opened at $153.29 on Friday. The Boeing Company has a 1-year low of $152.60 and a 1-year high of $267.54. The company has a market cap of $94.10 billion, a P/E ratio of -43.18 and a beta of 1.57. The company has a fifty day moving average price of $171.21 and a two-hundred day moving average price of $177.74.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. Boeing’s revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.82) EPS. On average, research analysts forecast that The Boeing Company will post -4.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on BA. Bank of America lifted their target price on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Stifel Nicolaus lifted their price target on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. UBS Group decreased their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Susquehanna reaffirmed a “positive” rating and set a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. Finally, Robert W. Baird reduced their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $211.29.

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.