KRS Capital Management LLC Sells 852 Shares of The Boeing Company (NYSE:BA)

KRS Capital Management LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 18.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,699 shares of the aircraft producer’s stock after selling 852 shares during the period. KRS Capital Management LLC’s holdings in Boeing were worth $714,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Boeing in the fourth quarter worth approximately $26,000. Evolution Advisers Inc. bought a new stake in Boeing during the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. bought a new stake in Boeing during the fourth quarter valued at approximately $28,000. Vima LLC bought a new stake in Boeing during the fourth quarter valued at approximately $34,000. Finally, Accent Capital Management LLC bought a new stake in Boeing during the fourth quarter valued at approximately $39,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock traded down $0.50 during mid-day trading on Friday, reaching $182.01. 5,899,850 shares of the company’s stock traded hands, compared to its average volume of 5,801,654. The stock has a 50 day moving average of $178.50 and a two-hundred day moving average of $198.77. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Sell-side analysts forecast that The Boeing Company will post -1.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the subject of several recent research reports. Northcoast Research lowered shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price for the company. in a research report on Wednesday, April 17th. Royal Bank of Canada dropped their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. JPMorgan Chase & Co. dropped their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Citigroup dropped their price target on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, Morgan Stanley dropped their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.89.

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.