The Boeing Company (NYSE:BA) Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. decreased its holdings in The Boeing Company (NYSE:BA) by 0.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,032 shares of the aircraft producer’s stock after selling 566 shares during the quarter. Boeing accounts for about 4.7% of KLCM Advisors Inc.’s portfolio, making the stock its 2nd largest holding. KLCM Advisors Inc.’s holdings in Boeing were worth $30,245,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Rakuten Securities Inc. bought a new stake in Boeing during the 4th quarter worth approximately $376,000. Elite Wealth Management Inc. grew its holdings in Boeing by 16.3% during the 4th quarter. Elite Wealth Management Inc. now owns 3,612 shares of the aircraft producer’s stock worth $942,000 after acquiring an additional 505 shares during the last quarter. Sfmg LLC grew its holdings in Boeing by 2.2% during the 4th quarter. Sfmg LLC now owns 2,952 shares of the aircraft producer’s stock worth $770,000 after acquiring an additional 64 shares during the last quarter. Phoenix Wealth Advisors bought a new stake in Boeing during the 4th quarter worth approximately $249,000. Finally, Scissortail Wealth Management LLC bought a new stake in Boeing during the 4th quarter worth approximately $814,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. Sanford C. Bernstein dropped their price target on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. UBS Group dropped their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Bank of America dropped their price target on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.88.

Boeing Stock Up 1.6 %

BA traded up $2.73 during trading on Wednesday, hitting $170.55. 7,986,725 shares of the company traded hands, compared to its average volume of 7,265,883. The firm has a market cap of $104.06 billion, a P/E ratio of -46.34, a price-to-earnings-growth ratio of 114.53 and a beta of 1.52. The stock’s fifty day moving average is $192.69 and its 200 day moving average is $207.80. The Boeing Company has a one year low of $167.53 and a one year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. Boeing’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.75) EPS. On average, equities research analysts forecast that The Boeing Company will post 0.37 EPS for the current fiscal year.

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 Commercial Airplanes; Defense, Space & Security; and Global Services segments.