Daiwa Securities Group Inc. Buys 22,437 Shares of The Boeing Company (NYSE:BA)

Daiwa Securities Group Inc. boosted its stake in The Boeing Company (NYSE:BA) by 15.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,289 shares of the aircraft producer’s stock after acquiring an additional 22,437 shares during the period. Daiwa Securities Group Inc.’s holdings in Boeing were worth $30,318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BA. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Boeing by 32.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 177,115 shares of the aircraft producer’s stock valued at $31,349,000 after purchasing an additional 43,426 shares during the last quarter. Enterprise Financial Services Corp lifted its holdings in Boeing by 3.0% in the fourth quarter. Enterprise Financial Services Corp now owns 2,756 shares of the aircraft producer’s stock valued at $488,000 after buying an additional 81 shares during the period. Roberts Glore & Co. Inc. IL boosted its position in Boeing by 21.5% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 2,371 shares of the aircraft producer’s stock valued at $420,000 after acquiring an additional 420 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in Boeing by 88.0% during the 4th quarter. Personal CFO Solutions LLC now owns 14,312 shares of the aircraft producer’s stock worth $2,533,000 after acquiring an additional 6,698 shares during the period. Finally, Amundi raised its position in shares of Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after acquiring an additional 1,292,417 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.16% of the company’s stock.

Boeing Trading Down 2.7 %

Shares of NYSE:BA opened at $154.20 on Monday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $203.80. The stock has a market cap of $115.66 billion, a PE ratio of -8.42 and a beta of 1.53. The stock’s fifty day simple moving average is $175.03 and its two-hundred day simple moving average is $164.15.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the company earned ($0.47) EPS. On average, sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Susquehanna raised 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. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.