Koshinski Asset Management Inc. Sells 219 Shares of The Boeing Company (NYSE:BA)

Koshinski Asset Management Inc. reduced its position in shares of The Boeing Company (NYSE:BA) by 8.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,518 shares of the aircraft producer’s stock after selling 219 shares during the period. Koshinski Asset Management Inc.’s holdings in Boeing were worth $429,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BA. Trek Financial LLC boosted its stake in Boeing by 2.7% during the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer’s stock worth $408,000 after buying an additional 60 shares during the last quarter. Colonial Trust Co SC boosted its position in shares of Boeing by 6.1% during the 4th quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer’s stock valued at $184,000 after acquiring an additional 60 shares during the last quarter. Mattern Wealth Management LLC boosted its position in shares of Boeing by 4.9% during the 1st quarter. Mattern Wealth Management LLC now owns 1,311 shares of the aircraft producer’s stock valued at $224,000 after acquiring an additional 61 shares during the last quarter. HBW Advisory Services LLC grew its holdings in shares of Boeing by 4.3% in the first quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer’s stock valued at $266,000 after purchasing an additional 64 shares during the period. Finally, REAP Financial Group LLC increased its position in Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

BA stock opened at $211.90 on Thursday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80. The firm has a market cap of $159.77 billion, a P/E ratio of -11.82 and a beta of 1.41. The stock’s 50 day moving average price is $200.59 and its 200 day moving average price is $180.77.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same period in the previous year, the firm posted ($1.13) EPS. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president directly owned 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president owned 13,258 shares of the company’s stock, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BA. Susquehanna reaffirmed a “positive” rating and issued a $240.00 price target (up previously from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Melius Research set a $204.00 price objective on shares of Boeing in a report on Monday, March 24th. Royal Bank Of Canada reaffirmed a “cautious” rating on shares of Boeing in a research note on Thursday, June 12th. Citigroup reiterated a “buy” rating on shares of Boeing in a research report on Thursday, May 22nd. Finally, Morgan Stanley set a $200.00 price objective on shares of Boeing and gave the stock an “equal weight” rating in a report on Thursday, June 12th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $215.77.

Boeing Company 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.