The Boeing Company $BA Shares Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. lifted its position in The Boeing Company (NYSE:BA) by 25.5% in the second quarter, Holdings Channel reports. The firm owned 3,161 shares of the aircraft producer’s stock after acquiring an additional 643 shares during the period. Koshinski Asset Management Inc.’s holdings in Boeing were worth $662,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of Boeing in the second quarter valued at approximately $378,459,000. Vanguard Group Inc. raised its stake in shares of Boeing by 1.9% during the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock worth $11,197,468,000 after purchasing an additional 1,212,327 shares during the last quarter. Strs Ohio purchased a new stake in shares of Boeing during the first quarter worth approximately $98,984,000. Canada Pension Plan Investment Board raised its stake in shares of Boeing by 243.8% during the first quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock worth $128,689,000 after purchasing an additional 535,060 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Boeing by 938.4% during the second quarter. Valeo Financial Advisors LLC now owns 556,814 shares of the aircraft producer’s stock worth $116,669,000 after purchasing an additional 503,193 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

NYSE BA opened at $213.09 on Monday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company has a market capitalization of $161.13 billion, a P/E ratio of -12.91 and a beta of 1.47. The business has a 50 day moving average price of $223.10 and a 200 day moving average price of $208.23.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. During the same period in the prior year, the firm earned ($2.90) earnings per share. Boeing’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BA shares. Redburn Atlantic upgraded Boeing from a “hold” rating to a “strong-buy” rating and upped their price target for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. Jefferies Financial Group set a $255.00 price target on Boeing in a research note on Tuesday, September 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Barclays increased their target price on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price for the company in a research note on Friday, June 27th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average target price of $240.20.

Insider Activity at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director directly owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

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.