KKM Financial LLC Has $2.72 Million Holdings in The Boeing Company (NYSE:BA)

KKM Financial LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 50.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,368 shares of the aircraft producer’s stock after acquiring an additional 5,175 shares during the quarter. KKM Financial LLC’s holdings in Boeing were worth $2,720,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in shares of Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after acquiring an additional 38,332 shares during the last quarter. HBW Advisory Services LLC acquired a new position in Boeing in the 4th quarter worth about $264,000. RMR Wealth Builders purchased a new stake in shares of Boeing during the 4th quarter worth about $333,000. Graypoint LLC grew its stake in shares of Boeing by 36.3% in the 4th quarter. Graypoint LLC now owns 2,612 shares of the aircraft producer’s stock valued at $462,000 after buying an additional 696 shares in the last quarter. Finally, Czech National Bank increased its holdings in Boeing by 35.9% in the fourth quarter. Czech National Bank now owns 162,090 shares of the aircraft producer’s stock worth $28,690,000 after buying an additional 42,847 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BA. Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. increased their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Melius raised Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Citigroup increased their price objective on Boeing from $210.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Finally, Benchmark reduced their target price on Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $201.85.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now owns 42,513 shares of the company’s stock, valued at $7,950,356.13. This trade represents a 8.40 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Boeing Stock Up 1.5 %

BA stock opened at $194.53 on Friday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95. The company has a market cap of $146.68 billion, a PE ratio of -10.62 and a beta of 1.41. The business’s 50-day simple moving average is $167.01 and its 200 day simple moving average is $166.91.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the prior year, the firm posted ($1.13) earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Boeing 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.