KPP Advisory Services LLC Cuts Stock Position in The Boeing Company (NYSE:BA)

KPP Advisory Services LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 28.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,362 shares of the aircraft producer’s stock after selling 531 shares during the period. KPP Advisory Services LLC’s holdings in Boeing were worth $241,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC raised its stake in shares of Boeing by 10.7% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 2,439 shares of the aircraft producer’s stock worth $432,000 after acquiring an additional 235 shares in the last quarter. Valley National Advisers Inc. grew its holdings in shares of Boeing by 4.4% during the 4th quarter. Valley National Advisers Inc. now owns 1,742 shares of the aircraft producer’s stock valued at $308,000 after purchasing an additional 73 shares during the last quarter. McAdam LLC raised its position in Boeing by 31.0% in the 4th quarter. McAdam LLC now owns 2,466 shares of the aircraft producer’s stock worth $437,000 after purchasing an additional 583 shares during the period. Pacific Sage Partners LLC raised its position in Boeing by 6.4% in the 4th quarter. Pacific Sage Partners LLC now owns 8,835 shares of the aircraft producer’s stock worth $1,564,000 after purchasing an additional 533 shares during the period. Finally, Round Rock Advisors LLC lifted its stake in Boeing by 36.1% in the fourth quarter. Round Rock Advisors LLC now owns 2,007 shares of the aircraft producer’s stock worth $355,000 after purchasing an additional 532 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE:BA opened at $175.95 on Tuesday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $213.77. The company has a market capitalization of $108.77 billion, a PE ratio of -9.60 and a beta of 1.52. The firm’s 50-day moving average price is $169.50 and its 200-day moving average price is $164.05.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) EPS. Equities analysts anticipate that The Boeing Company will post -2.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent research reports. Robert W. Baird lowered their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Finally, Morgan Stanley cut their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing 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.