Koshinski Asset Management Inc. increased its holdings in Boeing Co (NYSE:BA) by 8.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,162 shares of the aircraft producer’s stock after acquiring an additional 402 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Boeing were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Elmwood Wealth Management Inc. purchased a new position in Boeing during the first quarter valued at approximately $31,000. NuWave Investment Management LLC bought a new stake in shares of Boeing during the second quarter valued at approximately $30,000. Cordasco Financial Network bought a new stake in shares of Boeing during the first quarter valued at approximately $26,000. MBE Wealth Management LLC bought a new stake in shares of Boeing during the first quarter valued at approximately $26,000. Finally, Marquette Asset Management LLC raised its position in shares of Boeing by 316.7% during the first quarter. Marquette Asset Management LLC now owns 200 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 152 shares during the last quarter. 61.66% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on BA shares. Credit Suisse Group restated a “neutral” rating and issued a $156.00 price target on shares of Boeing in a research report on Wednesday. ValuEngine cut shares of Boeing from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 1st. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and set a $165.00 price target on the stock. in a research report on Friday, June 26th. Canaccord Genuity restated a “hold” rating and issued a $155.00 price target on shares of Boeing in a research report on Monday, July 20th. Finally, Zacks Investment Research cut shares of Boeing from a “hold” rating to a “sell” rating and set a $146.00 price target on the stock. in a research report on Friday, April 24th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. Boeing presently has an average rating of “Hold” and an average price target of $217.38.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 29th. The aircraft producer reported ($4.79) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.93) by ($1.86). The company had revenue of $11.81 billion for the quarter, compared to analysts’ expectations of $12.95 billion. Boeing had a negative net margin of 4.27% and a negative return on equity of 3.08%. The firm’s revenue for the quarter was down 25.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($5.82) earnings per share. As a group, equities analysts forecast that Boeing Co will post -6.26 EPS for the current year.
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 in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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