Tokio Marine Asset Management Co. Ltd. Acquires 4,707 Shares of The Boeing Company (NYSE:BA)

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of The Boeing Company (NYSE:BA) by 28.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 20,974 shares of the aircraft producer’s stock after acquiring an additional 4,707 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Boeing were worth $3,712,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BA. Sugar Maple Asset Management LLC bought a new stake in Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. bought a new position in Boeing in the 4th quarter worth about $28,000. Cedar Wealth Management LLC purchased a new stake in Boeing during the 3rd quarter valued at about $30,000. Finally, Heck Capital Advisors LLC bought a new stake in Boeing during the 4th quarter valued at about $33,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a report on Tuesday, October 15th. JPMorgan Chase & Co. upped their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Citigroup lowered their target price on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Price Performance

BA opened at $176.26 on Monday. The company has a 50 day simple moving average of $169.50 and a two-hundred day simple moving average of $164.20. The firm has a market cap of $108.96 billion, a P/E ratio of -9.62 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the company earned ($0.47) EPS. Equities analysts anticipate that The Boeing Company will post -1.61 earnings per share for the current year.

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.