Nomura Asset Management Co. Ltd. Sells 455 Shares of The Boeing Company (NYSE:BA)

Nomura Asset Management Co. Ltd. decreased its holdings in The Boeing Company (NYSE:BA) by 0.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 192,347 shares of the aircraft producer’s stock after selling 455 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Boeing were worth $50,137,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Skopos Labs Inc. bought a new position in shares of Boeing in the fourth quarter worth about $599,000. Objectivity Squared LLC bought a new position in shares of Boeing in the fourth quarter worth about $2,353,000. Congress Wealth Management LLC DE boosted its stake in shares of Boeing by 135.6% in the fourth quarter. Congress Wealth Management LLC DE now owns 7,512 shares of the aircraft producer’s stock worth $1,959,000 after acquiring an additional 4,323 shares during the period. Advisory Services Network LLC boosted its stake in shares of Boeing by 20.5% in the fourth quarter. Advisory Services Network LLC now owns 34,337 shares of the aircraft producer’s stock worth $8,950,000 after acquiring an additional 5,842 shares during the period. Finally, HCR Wealth Advisors boosted its stake in shares of Boeing by 2.1% in the fourth quarter. HCR Wealth Advisors now owns 20,071 shares of the aircraft producer’s stock worth $5,232,000 after acquiring an additional 412 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

BA stock traded up $2.31 during midday trading on Friday, reaching $174.52. 9,489,380 shares of the company traded hands, compared to its average volume of 6,679,203. The business has a 50 day moving average of $179.01 and a 200-day moving average of $205.53. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The firm has a market capitalization of $107.13 billion, a price-to-earnings ratio of -49.16 and a beta of 1.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. Research analysts anticipate that The Boeing Company will post -0.6 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on BA. Citigroup dropped their price objective on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. The Goldman Sachs Group decreased their target price on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Melius Research reiterated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. UBS Group decreased their target price on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Finally, StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $221.24.

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.