Koshinski Asset Management Inc. Cuts Stake in The Boeing Company (NYSE:BA) #Koshinski #Asset #Management #Cuts #Stake #Boeing #Company #NYSEBA Welcome to Americanah Blog, here is the new story we have for you today:
Koshinski Asset Management Inc. trimmed its position in shares of The Boeing Company (NYSE:BA – Get Rating) by 27.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,561 shares of the aircraft producer’s stock after selling 1,729 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Boeing were worth $624,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Boeing by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 43,355,912 shares of the aircraft producer’s stock valued at $8,302,657,000 after acquiring an additional 276,392 shares during the period. BlackRock Inc. lifted its stake in Boeing by 2.9% during the 1st quarter. BlackRock Inc. now owns 31,674,287 shares of the aircraft producer’s stock valued at $6,065,627,000 after acquiring an additional 887,382 shares during the period. Loomis Sayles & Co. L P lifted its stake in Boeing by 19.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 13,367,929 shares of the aircraft producer’s stock valued at $2,691,231,000 after acquiring an additional 2,210,908 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Boeing by 17.9% in the 4th quarter. Nuveen Asset Management LLC now owns 3,636,168 shares of the aircraft producer’s stock worth $732,033,000 after purchasing an additional 552,493 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Boeing by 2.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,814,461 shares of the aircraft producer’s stock worth $538,970,000 after purchasing an additional 62,955 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.
Boeing Price Performance
Shares of BA opened at $138.71 on Friday. The Boeing Company has a 1 year low of $113.02 and a 1 year high of $233.94. The company has a 50 day simple moving average of $158.67 and a two-hundred day simple moving average of $156.08. The firm has a market cap of $82.37 billion, a P/E ratio of -15.50 and a beta of 1.35.
Boeing (NYSE:BA – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.23). The business had revenue of $16.68 billion for the quarter, compared to analyst estimates of $17.53 billion. During the same period in the prior year, the business posted $0.40 earnings per share. Boeing’s quarterly revenue was down 1.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Boeing Company will post -1.95 earnings per share for the current year.
Analysts Set New Price Targets
BA has been the topic of several recent research reports. Royal Bank of Canada set a $200.00 price objective on shares of Boeing in a research note on Thursday, September 15th. Bank of America increased their price objective on shares of Boeing from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 7th. Citigroup upgraded shares of Boeing from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $219.00 to $209.00 in a research note on Thursday, June 16th. Wells Fargo & Company lowered their price objective on shares of Boeing from $214.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. Finally, StockNews.com upgraded shares of Boeing from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $218.07.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, 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.
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