KG&L Capital Management LLC Sells 888 Shares of The Boeing Company (NYSE:BA)

KG&L Capital Management LLC reduced its holdings in shares of The Boeing Company (NYSE:BA) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,073 shares of the aircraft producer’s stock after selling 888 shares during the period. Boeing comprises approximately 1.8% of KG&L Capital Management LLC’s portfolio, making the stock its 13th biggest holding. KG&L Capital Management LLC’s holdings in Boeing were worth $5,504,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Waldron Private Wealth LLC lifted its stake in shares of Boeing by 81.8% in the 4th quarter. Waldron Private Wealth LLC now owns 9,874 shares of the aircraft producer’s stock valued at $1,748,000 after acquiring an additional 4,443 shares during the last quarter. Total Clarity Wealth Management Inc. purchased a new position in Boeing in the 4th quarter worth approximately $253,000. Clear Creek Financial Management LLC lifted its position in Boeing by 43.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 14,374 shares of the aircraft producer’s stock valued at $2,544,000 after purchasing an additional 4,342 shares during the last quarter. N.E.W. Advisory Services LLC boosted its stake in shares of Boeing by 13.2% during the fourth quarter. N.E.W. Advisory Services LLC now owns 1,591 shares of the aircraft producer’s stock valued at $282,000 after purchasing an additional 185 shares during the period. Finally, Heck Capital Advisors LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $33,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Down 1.8 %

Shares of BA opened at $176.26 on Friday. The Boeing Company has a one year low of $137.03 and a one year high of $214.63. The business has a fifty day moving average of $169.50 and a 200 day moving average of $164.35.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the firm earned ($0.47) EPS. On average, research analysts predict that The Boeing Company will post -1.61 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BA. Wells Fargo & Company raised their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday. TD Cowen dropped their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, Benchmark reaffirmed a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.00.

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.