Kwmg LLC Has $4.30 Million Stock Holdings in The Boeing Company (NYSE:BA)

Kwmg LLC increased its position in shares of The Boeing Company (NYSE:BA) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,273 shares of the aircraft producer’s stock after buying an additional 968 shares during the quarter. Kwmg LLC’s holdings in Boeing were worth $4,299,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after purchasing an additional 1,222,816 shares in the last quarter. Newport Trust Company LLC increased its position in shares of Boeing by 1.2% during the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock worth $5,758,830,000 after acquiring an additional 388,633 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Boeing by 1.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock worth $1,386,757,000 after acquiring an additional 106,513 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in Boeing by 14.1% in the 1st quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock valued at $811,221,000 after acquiring an additional 518,952 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA traded up $0.91 during trading on Monday, hitting $155.91. 6,222,196 shares of the company’s stock traded hands, compared to its average volume of 8,013,744. The stock has a market capitalization of $95.71 billion, a price-to-earnings ratio of -43.78 and a beta of 1.57. The Boeing Company has a 12-month low of $149.49 and a 12-month high of $267.54. The business has a 50 day moving average of $165.48 and a 200-day moving average of $175.06.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter in the prior year, the firm earned ($0.82) EPS. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, analysts expect that The Boeing Company will post -4.27 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on BA shares. Susquehanna reissued a “positive” rating and issued a $230.00 price objective on shares of Boeing in a research note on Wednesday, August 14th. Sanford C. Bernstein lowered their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Wells Fargo & Company cut their price objective on shares of Boeing from $119.00 to $110.00 and set an “underweight” rating on the stock in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday. Finally, TD Cowen cut their price target on shares of Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $206.00.

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.