Koshinski Asset Management Inc. Has $484,000 Stock Position in The Boeing Company (NYSE:BA)

Koshinski Asset Management Inc. lowered its stake in The Boeing Company (NYSE:BA) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BA. Van ECK Associates Corp lifted its stake in shares of Boeing by 122.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after purchasing an additional 1,251,456 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Boeing by 289.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock valued at $2,558,790,000 after purchasing an additional 1,251,165 shares during the period. Franklin Resources Inc. lifted its stake in shares of Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after purchasing an additional 1,055,472 shares during the period. State Street Corp lifted its stake in shares of Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after purchasing an additional 636,594 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after purchasing an additional 602,143 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Citigroup lowered their price objective 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. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective 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 research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Price Performance

Shares of NYSE 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 stock has a market capitalization of $108.11 billion, a price-to-earnings ratio of -13.56 and a beta of 1.52. The business has a 50-day moving average of $164.20 and a 200-day moving average of $164.46.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the company earned ($3.26) EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, sell-side analysts expect that The Boeing Company will post -16.46 EPS for the current year.

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.