Kraematon Investment Advisors Inc. Reduces Stake in The Boeing Company (NYSE:BA)

Kraematon Investment Advisors Inc. cut its holdings in shares of The Boeing Company (NYSE:BA) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,278 shares of the aircraft producer’s stock after selling 50 shares during the period. Kraematon Investment Advisors Inc.’s holdings in Boeing were worth $903,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Coston McIsaac & Partners raised its position in shares of Boeing by 62.5% in the 2nd quarter. Coston McIsaac & Partners now owns 130 shares of the aircraft producer’s stock worth $27,000 after acquiring an additional 50 shares in the last quarter. IFS Advisors LLC raised its holdings in Boeing by 523.8% in the second quarter. IFS Advisors LLC now owns 131 shares of the aircraft producer’s stock worth $28,000 after purchasing an additional 110 shares in the last quarter. M&R Capital Management Inc. lifted its position in Boeing by 90.7% during the second quarter. M&R Capital Management Inc. now owns 143 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 68 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Boeing by 54.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 142 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 50 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its position in shares of Boeing by 48.5% in the 1st quarter. Raleigh Capital Management Inc. now owns 153 shares of the aircraft producer’s stock worth $33,000 after buying an additional 50 shares during the period. Institutional investors own 61.33% of the company’s stock.

Boeing Price Performance

Boeing stock traded up $8.15 during mid-day trading on Monday, reaching $216.19. 5,571,658 shares of the stock traded hands, compared to its average volume of 5,616,920. The business’s 50-day moving average is $193.74 and its 200-day moving average is $208.53. The stock has a market capitalization of $130.79 billion, a PE ratio of -44.26 and a beta of 1.48. The Boeing Company has a 12-month low of $171.00 and a 12-month high of $243.10.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported ($3.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.21) by ($0.05). The company had revenue of $18.10 billion for the quarter, compared to the consensus estimate of $18.01 billion. During the same quarter last year, the firm posted ($6.18) earnings per share. The company’s revenue was up 13.5% compared to the same quarter last year. Equities analysts anticipate that The Boeing Company will post -5.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BA shares. UBS Group assumed coverage on shares of Boeing in a research report on Tuesday, October 10th. They set a “buy” rating and a $275.00 price target for the company. Deutsche Bank Aktiengesellschaft raised Boeing from a “hold” rating to a “buy” rating and boosted their price target for the stock from $204.00 to $270.00 in a research report on Monday. Citigroup reduced their price objective on Boeing from $285.00 to $271.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Wells Fargo & Company dropped their target price on Boeing from $270.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, October 3rd. Finally, StockNews.com started coverage on Boeing in a report on Thursday, October 5th. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $249.38.

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