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

KRS Capital Management LLC cut its holdings in The Boeing Company (NYSE:BA) by 18.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new stake in Boeing during the fourth quarter valued at about $26,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing during the fourth quarter valued at about $28,000. Evolution Advisers Inc. acquired a new position in shares of Boeing during the fourth quarter valued at about $28,000. Vima LLC acquired a new position in shares of Boeing during the fourth quarter valued at about $34,000. Finally, Accent Capital Management LLC acquired a new position in shares of Boeing during the fourth quarter valued at about $39,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BA shares. 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. Barclays dropped their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Royal Bank of Canada dropped their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Melius Research reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Stock Performance

NYSE BA traded down $0.50 during trading on Friday, reaching $182.01. The company’s stock had a trading volume of 5,899,850 shares, compared to its average volume of 5,801,654. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The firm has a 50 day moving average price of $178.50 and a 200 day moving average price of $198.77.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. Analysts anticipate that The Boeing Company will post -1.67 earnings per share for the current year.

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.