Daiwa Securities Group Inc. Has $22.63 Million Position in The Boeing Company (NYSE:BA)

Daiwa Securities Group Inc. increased its position in shares of The Boeing Company (NYSE:BA) by 5.7% in the third quarter, Holdings Channel reports. The institutional investor owned 148,852 shares of the aircraft producer’s stock after buying an additional 8,085 shares during the period. Daiwa Securities Group Inc.’s holdings in Boeing were worth $22,631,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Madison Park Capital Advisors LLC raised its stake in Boeing by 4.9% during the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after buying an additional 56 shares during the last quarter. Wealth Alliance Advisory Group LLC grew its holdings in Boeing by 1.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after acquiring an additional 60 shares during the period. IMS Capital Management lifted its stake in shares of Boeing by 0.4% in the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after purchasing an additional 62 shares during the period. ADE LLC boosted its position in shares of Boeing by 4.4% during the 2nd quarter. ADE LLC now owns 1,539 shares of the aircraft producer’s stock valued at $280,000 after purchasing an additional 65 shares in the last quarter. Finally, Peoples Financial Services CORP. boosted its position in shares of Boeing by 0.8% during the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. UBS Group dropped their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Jefferies Financial Group dropped 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. Finally, The Goldman Sachs Group cut their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $190.37.

Boeing Trading Up 4.1 %

NYSE:BA opened at $149.29 on Monday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $267.54. The firm’s 50 day moving average is $151.70 and its 200 day moving average is $168.27. The stock has a market capitalization of $92.29 billion, a PE ratio of -11.57 and a beta of 1.57.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($3.26) EPS. Research analysts predict that The Boeing Company will post -16.2 earnings per share for the current year.

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.