KKM Financial LLC Grows Position in The Boeing Company (NYSE:BA)

KKM Financial LLC raised its position in shares of The Boeing Company (NYSE:BA - Free Report) by 50.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,368 shares of the aircraft producer's stock after acquiring an additional 5,175 shares during the period. KKM Financial LLC's holdings in Boeing were worth $2,720,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Guardian Wealth Advisors LLC NC raised its position in Boeing by 2.7% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 4,443 shares of the aircraft producer's stock worth $786,000 after purchasing an additional 116 shares in the last quarter. Gen Wealth Partners Inc increased its holdings in shares of Boeing by 20.6% during the fourth quarter. Gen Wealth Partners Inc now owns 7,515 shares of the aircraft producer's stock worth $1,330,000 after buying an additional 1,285 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in shares of Boeing during the fourth quarter worth approximately $13,683,000. Greenvale Capital LLP acquired a new stake in shares of Boeing during the fourth quarter worth approximately $37,170,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $488,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Up 1.1%

BA traded up $2.23 during trading on Thursday, hitting $206.95. 1,965,004 shares of the company's stock were exchanged, compared to its average volume of 9,163,348. The business's 50 day moving average is $169.61 and its two-hundred day moving average is $167.80. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $209.66. The stock has a market cap of $156.04 billion, a P/E ratio of -11.31 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. The business's quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the business posted ($1.13) EPS. On average, sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now directly owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group increased their price target on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Susquehanna reaffirmed a "positive" rating and issued a $240.00 price objective (up from $205.00) on shares of Boeing in a research note on Wednesday. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $181.00 to $218.00 in a research note on Monday, April 28th. TD Securities reissued a "buy" rating and set a $180.00 price target on shares of Boeing in a research report on Thursday, April 24th. Finally, Cowen reissued a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $203.60.

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.