Nippon Life Global Investors Americas Inc. Acquires 29,150 Shares of The Boeing Company $BA

Nippon Life Global Investors Americas Inc. grew its stake in The Boeing Company (NYSE:BAFree Report) by 18.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 189,330 shares of the aircraft producer’s stock after buying an additional 29,150 shares during the period. Boeing makes up approximately 1.7% of Nippon Life Global Investors Americas Inc.’s holdings, making the stock its 18th biggest position. Nippon Life Global Investors Americas Inc.’s holdings in Boeing were worth $40,863,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Harbor Asset Planning Inc. bought a new position in shares of Boeing in the second quarter valued at approximately $25,000. Davis Capital Management acquired a new position in Boeing in the 3rd quarter valued at $33,000. Howard Hughes Medical Institute acquired a new position in Boeing in the 2nd quarter valued at $34,000. Decker Retirement Planning Inc. bought a new position in Boeing in the 2nd quarter worth $35,000. Finally, IMG Wealth Management Inc. lifted its position in Boeing by 159.4% during the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.0%

NYSE:BA opened at $247.71 on Friday. The firm has a 50-day moving average price of $208.57 and a 200 day moving average price of $217.16. The firm has a market capitalization of $188.28 billion, a PE ratio of -18.11, a price-to-earnings-growth ratio of 7.05 and a beta of 1.16. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $248.75.

Boeing (NYSE:BAGet Free Report) last posted its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period in the previous year, the business earned ($10.44) EPS. Boeing’s revenue for the quarter was up 30.4% compared to the same quarter last year. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Dana S. Deasy bought 554 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was purchased at an average price of $178.88 per share, with a total value of $99,099.52. Following the purchase, the senior vice president directly owned 28,442 shares of the company’s stock, valued at $5,087,704.96. The trade was a 1.99% increase in their position. The SEC filing for this purchase provides additional information. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BA shares. New Street Research set a $257.00 price objective on Boeing in a research note on Tuesday, December 9th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Jefferies Financial Group set a $255.00 price target on Boeing in a report on Tuesday, September 30th. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $240.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Finally, BNP Paribas Exane began coverage on shares of Boeing in a research note on Tuesday, November 18th. They set an “underperform” rating and a $150.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $237.46.

Get Our Latest Stock Analysis on Boeing

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

Boeing Company Profile

(Free Report)

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

Read More

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.