Kwmg LLC Raises Stake in The Boeing Company (NYSE:BA)

Kwmg LLC increased its stake in The Boeing Company (NYSE:BA) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,697 shares of the aircraft producer’s stock after purchasing an additional 2,424 shares during the quarter. Kwmg LLC’s holdings in Boeing were worth $5,433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BA. American Century Companies Inc. increased its stake in Boeing by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock valued at $8,189,000 after purchasing an additional 7,739 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of Boeing by 325.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock worth $55,000 after buying an additional 231 shares during the last quarter. Zions Bancorporation N.A. boosted its position in shares of Boeing by 87.0% in the 2nd quarter. Zions Bancorporation N.A. now owns 836 shares of the aircraft producer’s stock worth $152,000 after buying an additional 389 shares in the last quarter. Westover Capital Advisors LLC acquired a new stake in Boeing in the 2nd quarter valued at about $348,000. Finally, Thoroughbred Financial Services LLC increased its holdings in Boeing by 5.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 10,803 shares of the aircraft producer’s stock valued at $1,966,000 after acquiring an additional 520 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 0.8 %

Shares of BA traded down $1.44 during midday trading on Monday, reaching $170.56. 4,895,084 shares of the company were exchanged, compared to its average volume of 8,307,826. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The stock has a 50-day moving average price of $161.39 and a 200-day moving average price of $165.16. The company has a market cap of $105.44 billion, a price-to-earnings ratio of -13.22 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($3.26) EPS. Equities research analysts anticipate that The Boeing Company will post -16.18 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on BA. Wells Fargo & Company lowered their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft upped their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Jefferies Financial Group dropped their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

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.