The Boeing Company $BA Stock Holdings Boosted by Kwmg LLC

Kwmg LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 1.8% in the 2nd quarter, Holdings Channel reports. The fund owned 32,108 shares of the aircraft producer’s stock after buying an additional 564 shares during the period. Kwmg LLC’s holdings in Boeing were worth $6,728,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BA. Vestcor Inc boosted its position in shares of Boeing by 9.0% during the 1st quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock valued at $2,471,000 after purchasing an additional 1,195 shares in the last quarter. National Pension Service boosted its position in shares of Boeing by 19.6% during the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock valued at $227,365,000 after purchasing an additional 218,049 shares in the last quarter. Wynn Capital LLC bought a new position in shares of Boeing during the 1st quarter valued at about $584,000. MFG Wealth Management Inc. bought a new position in shares of Boeing during the 1st quarter valued at about $2,125,000. Finally, Kelman Lazarov Inc. bought a new position in shares of Boeing during the 1st quarter valued at about $262,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE BA opened at $212.26 on Tuesday. The company has a 50 day simple moving average of $227.61 and a 200-day simple moving average of $201.73. The firm has a market capitalization of $160.50 billion, a price-to-earnings ratio of -12.86 and a beta of 1.48. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. Boeing’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the business earned ($2.90) earnings per share. On average, analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

BA has been the subject of several research reports. UBS Group set a $280.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Wednesday, July 30th. Rothschild & Co Redburn upgraded shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective for the company in a research report on Friday, June 27th. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $230.77.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley purchased 2,200 shares of Boeing stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the transaction, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the sale, the executive vice president directly owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

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.