KPP Advisory Services LLC Sells 531 Shares of The Boeing Company (NYSE:BA)

KPP Advisory Services LLC decreased its holdings in The Boeing Company (NYSE:BA) by 28.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,362 shares of the aircraft producer’s stock after selling 531 shares during the quarter. KPP Advisory Services LLC’s holdings in Boeing were worth $241,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Sugar Maple Asset Management LLC purchased a new stake in Boeing in the 4th quarter worth approximately $27,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the fourth quarter worth approximately $28,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the third quarter worth $28,000. Heck Capital Advisors LLC bought a new stake in shares of Boeing during the 4th quarter valued at $33,000. Finally, Cedar Wealth Management LLC purchased a new position in shares of Boeing during the 3rd quarter valued at $30,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of NYSE BA opened at $175.95 on Tuesday. The firm has a 50-day simple moving average of $169.50 and a two-hundred day simple moving average of $164.05. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $213.77. The company has a market cap of $108.77 billion, a P/E ratio of -9.60 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. As a group, equities research analysts expect that The Boeing Company will post -2.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BA. Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. Citigroup cut their target price on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $195.00.

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.