Mizuho Securities Co. Ltd. Buys 80 Shares of The Boeing Company (NYSE:BA)

Mizuho Securities Co. Ltd. raised its holdings in shares of The Boeing Company (NYSE:BA) by 40.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280 shares of the aircraft producer’s stock after acquiring an additional 80 shares during the quarter. Mizuho Securities Co. Ltd.’s holdings in Boeing were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in BA. Capital Research Global Investors raised its stake in shares of Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after acquiring an additional 4,425,964 shares in the last quarter. Wellington Management Group LLP grew its stake in Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after buying an additional 1,884,850 shares during the last quarter. Boston Partners lifted its holdings in shares of Boeing by 861.6% during the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after purchasing an additional 1,617,151 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in Boeing during the 1st quarter valued at $272,312,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA stock traded up $1.48 during mid-day trading on Friday, reaching $173.74. 4,146,190 shares of the company were exchanged, compared to its average volume of 5,527,323. The business’s 50 day simple moving average is $178.13 and its 200 day simple moving average is $182.06. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The company has a market capitalization of $107.05 billion, a P/E ratio of -48.94 and a beta of 1.56.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter in the previous year, the business posted ($0.82) EPS. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, analysts forecast that The Boeing Company will post -4.26 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on BA. Susquehanna reaffirmed a “positive” rating and set a $230.00 price target on shares of Boeing in a report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 price target on shares of Boeing in a research report on Tuesday, June 25th. Wells Fargo & Company decreased their target price on shares of Boeing from $190.00 to $185.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. UBS Group decreased their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Finally, Stifel Nicolaus raised their price target on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $215.18.

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.