KCM Investment Advisors LLC Cuts Stakes in The Boeing Company (NYSE:BA)

KCM Investment Advisors LLC lowered its position in shares of The Boeing Company (NYSE:BA – Free Report) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,083 shares of the aircraft maker’s stock after selling 136 shares during the quarter. KCM Investment Advisors LLC’s holdings in Boeing were worth $1,653,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft maker’s stock valued at $9,596,383,000 after buying an additional 1,222,816 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft maker’s stock valued at $4,400,109,000 after purchasing an additional 4,425,964 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after buying an additional 1,884,850 shares during the last quarter. Northern Trust Corp boosted its holdings in Boeing by 1.1% during the fourth quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft maker’s stock worth $1,304,150,000 after acquiring an additional 52,081 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Boeing by 14.1% in the first quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft maker’s stock worth $811,221,000 after buying an additional 518,952 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s shares.

The Wall Street analyst weighs in

Several research firms recently issued reports on BA. Robert W. Baird cut their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Wells Fargo & Company reduced their price objective on shares of Boeing from $190.00 to $185.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Baird RW raised shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. UBS Group dropped their target price on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Finally, Susquehanna restated a “positive” rating and issued a $230.00 target price on shares of Boeing in a report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $215.18.

Get the latest research report on Boeing

Boeing stock performance

BA stock opened at $173.85 on Friday. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The stock’s fifty day moving average is $178.18, and the two hundred day moving average is $182.46. The firm has a market cap of $106.72 billion, a P/E ratio of -48.97 and a beta of 1.56.

Boeing (NYSE:BA – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 31st. The aircraft maker reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. In the same quarter last year, the company posted ($0.82) earnings per share. The company’s quarterly revenue was down 14.6% year over year. On average, equities analysts predict that The Boeing Company will post -2.38 earnings per share for the current year.

Boeing profile

(Free report)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services and supports commercial aircraft, military aircraft, satellites, missile defense, human space flight and launch systems and services worldwide. The company operates through Commercial Aircraft; Defense, Space and Security; and Global Services segments.

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