Asahi Life Asset Management CO. LTD. Buys 603 Shares of The Boeing Company (NYSE:BA)

Asahi Life Asset Management CO. LTD. lifted its stake in The Boeing Company (NYSE:BA) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,343 shares of the aircraft producer’s stock after acquiring an additional 603 shares during the quarter. Boeing accounts for about 0.9% of Asahi Life Asset Management CO. LTD.’s investment portfolio, making the stock its 29th largest holding. Asahi Life Asset Management CO. LTD.’s holdings in Boeing were worth $1,421,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Madison Park Capital Advisors LLC lifted its position 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 valued at $219,000 after buying an additional 56 shares in the last quarter. Wealth Alliance Advisory Group LLC lifted its position in shares of Boeing by 1.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after buying an additional 60 shares in the last quarter. Angeles Wealth Management LLC lifted its position in shares of Boeing by 4.2% during the 1st quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock valued at $294,000 after buying an additional 61 shares in the last quarter. IMS Capital Management lifted its holdings in 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 in the last quarter. Finally, Meeder Advisory Services Inc. lifted its holdings in Boeing by 0.9% in the 1st quarter. Meeder Advisory Services Inc. now owns 7,559 shares of the aircraft producer’s stock valued at $1,459,000 after purchasing an additional 65 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of Boeing stock traded down $1.80 on Monday, reaching $153.21. 5,842,561 shares of the company were exchanged, compared to its average volume of 8,117,784. The Boeing Company has a 1-year low of $146.02 and a 1-year high of $267.54. The company has a market cap of $94.05 billion, a P/E ratio of -43.16 and a beta of 1.57. The stock’s 50 day moving average price is $159.68 and its 200-day moving average price is $171.64.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted ($3.26) earnings per share. On average, research analysts predict that The Boeing Company will post -5.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, October 14th. Benchmark reaffirmed a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday. Wells Fargo & Company lowered their target price on shares of Boeing from $109.00 to $86.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $191.79.

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.