Mizuho Securities Co. Ltd. Takes Position in The Boeing Company $BA

Mizuho Securities Co. Ltd. acquired a new stake in The Boeing Company (NYSE:BA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,280 shares of the aircraft producer’s stock, valued at approximately $1,106,000. Boeing makes up approximately 4.0% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 7th biggest holding.

Several other institutional investors also recently made changes to their positions in BA. Harbor Asset Planning Inc. acquired a new stake in shares of Boeing in the second quarter valued at about $25,000. Piscataqua Savings Bank grew its position in Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after buying an additional 137 shares during the period. Decker Retirement Planning Inc. purchased a new position in Boeing in the second quarter valued at about $35,000. IMG Wealth Management Inc. lifted its position in shares of Boeing by 159.4% during the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after acquiring an additional 110 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Boeing during the 2nd quarter worth approximately $39,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Down 2.1%

BA opened at $185.69 on Thursday. The firm has a market cap of $141.15 billion, a P/E ratio of -13.57 and a beta of 1.44. The business’s fifty day simple moving average is $210.44 and its 200 day simple moving average is $214.79. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business posted ($10.44) EPS. As a group, equities analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the sale, the executive vice president owned 14,656 shares of the company’s stock, valued at $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BA has been the subject of several research analyst reports. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. BNP Paribas set a $150.00 price target on Boeing in a research report on Tuesday. Citigroup reiterated a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research note on Tuesday, September 30th. Finally, JPMorgan Chase & Co. cut their target price on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $232.09.

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.