Kwmg LLC Has $5.19 Million Stock Holdings in The Boeing Company (NYSE:BA)

Kwmg LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 2.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 24,561 shares of the aircraft producer’s stock after buying an additional 598 shares during the period. Kwmg LLC’s holdings in Boeing were worth $5,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Telemus Capital LLC lifted its holdings in shares of Boeing by 4.8% during the second quarter. Telemus Capital LLC now owns 2,505 shares of the aircraft producer’s stock worth $529,000 after buying an additional 114 shares in the last quarter. Clarus Wealth Advisors lifted its holdings in shares of Boeing by 7.3% during the second quarter. Clarus Wealth Advisors now owns 2,337 shares of the aircraft producer’s stock worth $496,000 after buying an additional 160 shares in the last quarter. CVA Family Office LLC lifted its holdings in shares of Boeing by 19.2% during the second quarter. CVA Family Office LLC now owns 826 shares of the aircraft producer’s stock worth $174,000 after buying an additional 133 shares in the last quarter. Appleton Partners Inc. MA lifted its holdings in shares of Boeing by 80.7% during the second quarter. Appleton Partners Inc. MA now owns 1,955 shares of the aircraft producer’s stock worth $413,000 after buying an additional 873 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of Boeing by 37.8% during the second quarter. Sound Income Strategies LLC now owns 846 shares of the aircraft producer’s stock worth $179,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 61.33% of the company’s stock.

Boeing Trading Down 0.4 %

Boeing stock traded down $0.94 during midday trading on Friday, reaching $208.11. The company’s stock had a trading volume of 4,670,575 shares, compared to its average volume of 5,649,131. The Boeing Company has a 52 week low of $120.99 and a 52 week high of $243.10. The business has a 50-day moving average price of $223.62 and a 200-day moving average price of $212.89. The stock has a market cap of $125.20 billion, a PE ratio of -27.79 and a beta of 1.43.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported ($0.82) EPS for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.17. The firm had revenue of $19.75 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same period in the previous year, the business posted ($0.37) earnings per share. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, research analysts predict that The Boeing Company will post -2.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research reports. TheStreet raised Boeing from a “d+” rating to a “c-” rating in a report on Tuesday, August 15th. Jefferies Financial Group raised their price target on Boeing from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Wells Fargo & Company raised their price target on Boeing from $250.00 to $270.00 in a research report on Tuesday, August 8th. Bank of America upgraded Boeing from a “neutral” rating to a “buy” rating and raised their price target for the stock from $225.00 to $300.00 in a research report on Thursday, July 27th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Tuesday, August 1st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.13.

Insider Activity

In other news, Director Steven M. Mollenkopf purchased 850 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average cost of $237.00 per share, with a total value of $201,450.00. Following the completion of the purchase, the director now owns 3,767 shares of the company’s stock, valued at approximately $892,779. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Steven M. Mollenkopf acquired 850 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average cost of $237.00 per share, with a total value of $201,450.00. Following the completion of the purchase, the director now directly owns 3,767 shares in the company, valued at $892,779. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Theodore Colbert III sold 8,500 shares of Boeing stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $238.37, for a total value of $2,026,145.00. Following the completion of the transaction, the chief executive officer now directly owns 59,255 shares in the company, valued at $14,124,614.35. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.