Madrona Financial Services LLC Increases Stock Position in The Boeing Company (NYSE:BA)

Madrona Financial Services LLC lifted its holdings in The Boeing Company (NYSE:BA) by 4.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,808 shares of the aircraft producer’s stock after acquiring an additional 437 shares during the quarter. Madrona Financial Services LLC’s holdings in Boeing were worth $1,736,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BA. Thrivent Financial for Lutherans lifted its position in Boeing by 28.2% during the second quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock valued at $5,942,000 after acquiring an additional 7,182 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in Boeing by 1,401.6% during the second quarter. Frank Rimerman Advisors LLC now owns 2,778 shares of the aircraft producer’s stock valued at $506,000 after acquiring an additional 2,593 shares during the last quarter. Public Sector Pension Investment Board lifted its position in Boeing by 72.7% during the second quarter. Public Sector Pension Investment Board now owns 21,790 shares of the aircraft producer’s stock valued at $3,966,000 after acquiring an additional 9,171 shares during the last quarter. Evergreen Capital Management LLC lifted its position in Boeing by 3.1% during the second quarter. Evergreen Capital Management LLC now owns 6,260 shares of the aircraft producer’s stock valued at $1,139,000 after acquiring an additional 191 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Boeing by 61.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 111,023 shares of the aircraft producer’s stock worth $20,207,000 after buying an additional 42,174 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the subject of several analyst reports. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a report on Tuesday, October 15th. TD Cowen reduced their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. JPMorgan Chase & Co. reduced their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.21.

Boeing Trading Up 0.3 %

Shares of NYSE BA opened at $175.39 on Thursday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59. The company has a market cap of $108.42 billion, a PE ratio of -13.55 and a beta of 1.52. The stock has a 50 day simple moving average of $164.90 and a 200-day simple moving average of $164.53.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the business posted ($3.26) earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts forecast that The Boeing Company will post -16.36 earnings per share for the current fiscal year.

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.