KKM Financial LLC Buys 5,162 Shares of The Boeing Company $BA

KKM Financial LLC increased its stake in The Boeing Company (NYSE:BAFree Report) by 29.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,658 shares of the aircraft producer’s stock after purchasing an additional 5,162 shares during the period. Boeing makes up 1.5% of KKM Financial LLC’s holdings, making the stock its 21st biggest holding. KKM Financial LLC’s holdings in Boeing were worth $4,890,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SteelPeak Wealth LLC increased its stake in shares of Boeing by 50.4% in the 3rd quarter. SteelPeak Wealth LLC now owns 26,360 shares of the aircraft producer’s stock valued at $5,689,000 after purchasing an additional 8,833 shares during the last quarter. Vanguard Group Inc. boosted its stake in Boeing by 1.7% in the second quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock valued at $13,991,022,000 after buying an additional 1,118,316 shares in the last quarter. Patton Fund Management Inc. grew its position in Boeing by 734.4% in the third quarter. Patton Fund Management Inc. now owns 10,322 shares of the aircraft producer’s stock valued at $2,228,000 after acquiring an additional 9,085 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Boeing by 3.3% in the third quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock worth $1,188,153,000 after acquiring an additional 177,597 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Boeing by 41.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock valued at $48,316,000 after purchasing an additional 65,216 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BA shares. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a research note on Tuesday, December 9th. Argus upgraded Boeing to a “hold” rating in a research report on Monday, February 2nd. TD Cowen reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, January 28th. Zacks Research raised Boeing from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, BNP Paribas Exane set a $150.00 price objective on Boeing in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $246.14.

Check Out Our Latest Report on Boeing

Insider Transactions at Boeing

In other Boeing news, SVP Ann M. Schmidt sold 6,281 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the transaction, the senior vice president directly owned 13,978 shares in the company, valued at $3,401,825.86. This trade represents a 31.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mortimer J. Buckley bought 2,230 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the transaction, the director owned 4,430 shares in the company, valued at $993,206. This trade represents a 101.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 21,012 shares of company stock valued at $4,980,687 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $209.97 on Monday. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $254.35. The firm has a market capitalization of $164.90 billion, a PE ratio of 104.46 and a beta of 1.14. The company has a 50-day moving average price of $235.19 and a two-hundred day moving average price of $219.17.

Boeing (NYSE:BAGet Free Report) last posted its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The company had revenue of $23.95 billion for the quarter, compared to analysts’ expectations of $22.41 billion. During the same period in the previous year, the firm earned ($5.90) EPS. The firm’s quarterly revenue was up 57.1% compared to the same quarter last year. Equities analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Trending Headlines about Boeing

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Boeing Profile

(Free Report)

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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