Meiji Yasuda Asset Management Co Ltd. Sells 683 Shares of The Boeing Company (NYSE:BA)

Meiji Yasuda Asset Management Co Ltd. lessened its holdings in The Boeing Company (NYSE:BA – Get Rating) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,415 shares of the aircraft producer’s stock after selling 683 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Boeing were worth $898,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BA. CarsonAllaria Wealth Management Ltd. raised its stake in Boeing by 88.7% during the 3rd quarter. CarsonAllaria Wealth Management Ltd. now owns 266 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 125 shares during the period. Karp Capital Management Corp bought a new stake in Boeing during the 3rd quarter worth approximately $33,000. Selway Asset Management bought a new stake in Boeing during the 3rd quarter worth approximately $36,000. Ten Capital Wealth Advisors LLC raised its stake in Boeing by 200.9% during the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 325 shares of the aircraft producer’s stock worth $39,000 after acquiring an additional 217 shares during the period. Finally, Beaird Harris Wealth Management LLC raised its stake in Boeing by 61.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 328 shares of the aircraft producer’s stock worth $40,000 after acquiring an additional 125 shares during the period. Institutional investors own 57.07% of the company’s stock.

Boeing Stock Up 1.9 %

NYSE BA opened at $207.28 on Wednesday. The company has a fifty day moving average of $209.44 and a two-hundred day moving average of $177.35. The firm has a market capitalization of $124.20 billion, a price-to-earnings ratio of -25.00, a PEG ratio of 54.52 and a beta of 1.43. The Boeing Company has a 52 week low of $113.02 and a 52 week high of $221.33.

Boeing (NYSE:BA – Get Rating) last posted its quarterly earnings data on Wednesday, January 25th. The aircraft producer reported ($1.75) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.80). The business had revenue of $19.98 billion for the quarter, compared to the consensus estimate of $20.10 billion. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period last year, the firm earned ($7.69) earnings per share. Equities research analysts anticipate that The Boeing Company will post 0.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Morgan Stanley cut shares of Boeing from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $213.00 to $220.00 in a research note on Tuesday, January 10th. StockNews.com raised shares of Boeing from a “sell” rating to a “hold” rating in a report on Monday, January 30th. Susquehanna Bancshares increased their price objective on shares of Boeing from $185.00 to $217.00 and gave the company a “positive” rating in a report on Wednesday, December 14th. Susquehanna increased their price objective on shares of Boeing from $185.00 to $217.00 and gave the company a “positive” rating in a report on Wednesday, December 14th. Finally, The Goldman Sachs Group set a $261.00 price objective on shares of Boeing in a report on Wednesday, February 15th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $225.13.

Boeing Company Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.