Defence

Koshinski Asset Management Inc. Reduces Stake in Boeing Company (NYSE:BA)


Koshinski Asset Management Inc. reduced its position in shares of Boeing Company (NYSE: BAGet a rating) by 27.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,561 shares of the aircraft maker’s stock after selling 1,729 shares during the quarter. At the end of the last reporting period, shares of Koshinski Asset Management Inc. at Boeing cost $624,000.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Boeing by 0.6% in the 1st quarter. Now Vanguard Group Inc. owns 43,355,912 shares of the aircraft manufacturer’s stock valued at $8,302,657,000 after acquiring an additional 276,392 shares during the period. BlackRock Inc. grew its stake in Boeing by 2.9% in the first quarter. Now BlackRock Inc. now owns 31,674,287 shares of the aircraft maker’s stock valued at $6,065,627,000 after acquiring an additional 887,382 shares during the period. Loomis Sayles & Co. LP grew its stake in Boeing by 19.8% during the 4th quarter. Now Loomis Sayles & Co. LP now owns 13,367,929 shares of the aircraft manufacturer’s stock valued at $2,691,231,000 after acquiring an additional 2,210,908 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Boeing by 17.9% in the 4th quarter. Nuveen Asset Management LLC now owns 3,636,168 shares of the aircraft maker’s stock worth $732,033,000 after buying an additional 552,493 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Boeing by 2.3% in the 1st quarter. Now Charles Schwab Investment Management Inc. owns 2,814,461 shares of the aircraft maker’s stock valued at $538,970,000 after purchasing an additional 62,955 shares during the period. 57.10% of shares are owned by hedge funds and other institutional investors.

The cost of Boeing

Actions B.A opened at $138.71 on Friday. The Boeing Company has a 1 year low of $113.02 and a 1 year high of $233.94. The company has a 50-day simple moving average of $158.67 and a 200-day simple moving average of $156.08. The firm has a market cap of $82.37 billion, a P/E ratio of -15.50 and a beta of 1.35.

Boeing (NYSE: BAGet a rating) last announced its quarterly earnings data on Wednesday, July 27th. The aircraft maker reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.23). The company had revenue of $16.68 billion for the quarter, compared to analyst estimates of $17.53 billion. For the same period last year, the profit per share was 0.40 dollars. Boeing’s quarterly revenue was down 1.9% year-over-year. sell-side analysts expect that The Boeing Company will post -1.95 earnings per share for the current year.

Analysts set new price targets

BA has been the subject of several recent research reports. Royal Bank of Canada set a $200.00 target price on shares of Boeing in a report on Thursday, September 15th. Bank of America upped their target price on shares of Boeing from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 7th. Citigroup raised shares of Boeing from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $219.00 to $209.00 in a research note on Thursday, June 16th. Wells Fargo & Company cut their price target on shares of Boeing from $214.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. finally StockNews.com upgraded shares of Boeing from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Boeing has an average rating of “Moderate Buy” and a consensus price target of $218.07, according to MarketBeat.

Boeing profile

(Get a rating)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, maintains and supports commercial jetliners, military aircraft, satellites, missile defense, flight and human space launch systems, and services worldwide. The company operates in four segments: commercial aircraft; Defense, space and security; Global Services; and Boeing Capital.

Selected stories

Want to see what other hedge funds hold BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE: BAGet a rating).

Institutional Ownership of Boeing (NYSE:BA) by Quarter



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https://www.defenseworld.net/2022/09/23/koshinski-asset-management-inc-cuts-stake-in-the-boeing-company-nyseba.html Koshinski Asset Management Inc. Reduces Stake in Boeing Company (NYSE:BA)

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