Koshinski Asset Management Inc. Sells 196 Shares of The Boeing Company (NYSE:BA)

Koshinski Asset Management Inc. decreased its stake in shares of The Boeing Company (NYSE:BA) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,737 shares of the aircraft producer’s stock after selling 196 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Boeing were worth $484,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mitchell Mcleod Pugh & Williams Inc. raised its stake in Boeing by 1.7% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 4,843 shares of the aircraft producer’s stock worth $857,000 after purchasing an additional 82 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Boeing by 7.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,916 shares of the aircraft producer’s stock worth $516,000 after purchasing an additional 214 shares in the last quarter. UMB Bank n.a. raised its stake in Boeing by 0.5% in the 4th quarter. UMB Bank n.a. now owns 19,165 shares of the aircraft producer’s stock worth $3,392,000 after purchasing an additional 100 shares in the last quarter. Diversify Wealth Management LLC raised its stake in Boeing by 17.8% in the 4th quarter. Diversify Wealth Management LLC now owns 6,939 shares of the aircraft producer’s stock worth $1,194,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Annex Advisory Services LLC acquired a new stake in Boeing in the 4th quarter worth about $205,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $174.87 on Thursday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59. The firm has a market capitalization of $108.11 billion, a price-to-earnings ratio of -13.56 and a beta of 1.52. The company’s 50 day moving average price is $164.20 and its two-hundred day moving average price is $164.46.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the firm earned ($3.26) earnings per share. Boeing’s revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts predict that The Boeing Company will post -16.46 EPS for the current year.

Wall Street Analysts Forecast Growth

BA has been the subject of several analyst reports. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Citigroup dropped their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Robert W. Baird dropped their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.21.

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.