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

KG&L Capital Management LLC reduced its position in The Boeing Company (NYSE:BA) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,073 shares of the aircraft producer’s stock after selling 888 shares during the quarter. Boeing makes up about 1.8% of KG&L Capital Management LLC’s portfolio, making the stock its 13th largest position. KG&L Capital Management LLC’s holdings in Boeing were worth $5,504,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the 4th quarter valued at about $28,000. Cedar Wealth Management LLC bought a new stake in Boeing in the 3rd quarter valued at about $30,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing during the 4th quarter worth approximately $33,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Citigroup dropped their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Morgan Stanley lowered their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Finally, Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average target price of $195.00.

Boeing Stock Performance

NYSE:BA opened at $176.26 on Friday. The stock’s fifty day moving average price is $169.50 and its two-hundred day moving average price is $164.35. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $214.63.

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

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.