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

Sompo Asset Management Co. Ltd. lifted its holdings in shares of The Boeing Company (NYSE:BA) by 22.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,640 shares of the aircraft producer’s stock after purchasing 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 quarter.

Other institutional investors have also modified their holdings of the company. Chicago Partners Investment Group LLC increased its position in shares of Boeing by 0.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock worth $3,895,000 after acquiring an additional 56 shares in the last quarter. Madison Park Capital Advisors LLC boosted its stake in shares of Boeing by 4.9% during the 2nd 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. Angeles Wealth Management LLC grew its holdings in shares of Boeing by 4.3% in the 4th quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock valued at $381,000 after acquiring an additional 60 shares in the last quarter. Bridge Creek Capital Management LLC increased its position in shares of Boeing by 3.1% in the first quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after acquiring an additional 60 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC raised its holdings in Boeing by 1.6% during the second 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 in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.8 %

Shares of BA opened at $153.29 on Friday. The Boeing Company has a 12 month low of $152.60 and a 12 month high of $267.54. The firm’s 50 day moving average is $171.21 and its 200-day moving average is $177.74. The stock has a market capitalization of $94.10 billion, a PE ratio of -43.18 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. Boeing’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.82) earnings per share. Equities research analysts predict that The Boeing Company will post -4.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Sanford C. Bernstein reduced their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Baird R W raised Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Robert W. Baird lowered their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Stifel Nicolaus increased their price target on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Susquehanna restated a “positive” rating and set a $230.00 price objective on shares of Boeing in a research note on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $211.29.

Boeing Company 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.