Kohmann Bosshard Financial Services LLC Makes New $75,000 Investment in The Boeing Company (NYSE:BA)

Kohmann Bosshard Financial Services LLC bought a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 426 shares of the aircraft producer’s stock, valued at approximately $75,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BA. AdvisorNet Financial Inc boosted its holdings in Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after acquiring an additional 710 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in Boeing by 8.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after purchasing an additional 38,300 shares during the period. Carnegie Investment Counsel boosted its stake in shares of Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after purchasing an additional 2,943 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after buying an additional 38,332 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after buying an additional 602,143 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by company insiders.

Boeing Stock Up 0.6 %

Shares of NYSE:BA opened at $174.84 on Monday. The stock has a market cap of $131.14 billion, a PE ratio of -9.54 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $206.62. The business has a 50 day moving average of $176.87 and a 200-day moving average of $164.69.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company posted ($0.47) earnings per share. Equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Analysts Set New Price Targets

BA has been the topic of a number of recent research reports. Susquehanna raised their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. UBS Group upped their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Citigroup boosted their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $195.16.

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.