Mizuho Securities Co. Ltd. Buys 560 Shares of The Boeing Company (NYSE:BA)

Mizuho Securities Co. Ltd. raised its stake in shares of The Boeing Company (NYSE:BA) by 155.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 920 shares of the aircraft producer’s stock after acquiring an additional 560 shares during the quarter. Boeing makes up 0.9% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 25th largest holding. Mizuho Securities Co. Ltd.’s holdings in Boeing were worth $240,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. RFG Advisory LLC raised its holdings in shares of Boeing by 13.1% in the third quarter. RFG Advisory LLC now owns 4,172 shares of the aircraft producer’s stock valued at $800,000 after buying an additional 483 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its holdings in shares of Boeing by 3.7% in the third quarter. Onyx Bridge Wealth Group LLC now owns 2,346 shares of the aircraft producer’s stock valued at $450,000 after buying an additional 83 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Boeing by 35.0% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,214 shares of the aircraft producer’s stock valued at $424,000 after buying an additional 574 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Boeing by 2.2% in the third quarter. DAVENPORT & Co LLC now owns 24,850 shares of the aircraft producer’s stock valued at $4,763,000 after buying an additional 545 shares during the last quarter. Finally, Park Place Capital Corp raised its holdings in shares of Boeing by 185.1% in the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after buying an additional 137 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

NYSE:BA traded down $1.31 during trading hours on Tuesday, reaching $169.17. 7,584,261 shares of the stock were exchanged, compared to its average volume of 9,611,969. The Boeing Company has a twelve month low of $167.53 and a twelve month high of $267.54. The firm has a 50 day moving average of $188.81 and a 200 day moving average of $207.19. The stock has a market cap of $103.22 billion, a PE ratio of -45.97, a PEG ratio of 134.48 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period last year, the company earned ($1.75) EPS. The company’s revenue was up 10.2% compared to the same quarter last year. Equities research analysts anticipate that The Boeing Company will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BA shares. Melius Research reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Sanford C. Bernstein cut their price target on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Citigroup dropped their price objective on Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Stifel Nicolaus dropped their price objective on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Finally, Edward Jones cut Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $226.71.

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.