The Boeing Company (NYSE:BA) Shares Purchased by Madrona Financial Services LLC

Madrona Financial Services LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 7.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,371 shares of the aircraft producer’s stock after acquiring an additional 664 shares during the quarter. Madrona Financial Services LLC’s holdings in Boeing were worth $1,425,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BA. LexAurum Advisors LLC boosted its holdings in Boeing by 7.4% in the third quarter. LexAurum Advisors LLC now owns 4,286 shares of the aircraft producer’s stock valued at $652,000 after acquiring an additional 297 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Boeing by 4.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 281,613 shares of the aircraft producer’s stock worth $42,816,000 after purchasing an additional 12,754 shares during the period. Ballast Inc. grew its holdings in shares of Boeing by 2.2% during the 3rd quarter. Ballast Inc. now owns 6,910 shares of the aircraft producer’s stock worth $1,051,000 after purchasing an additional 151 shares during the period. Cardinal Capital Management acquired a new stake in Boeing during the 3rd quarter worth approximately $461,000. Finally, Secure Asset Management LLC lifted its position in Boeing by 54.4% during the third quarter. Secure Asset Management LLC now owns 13,336 shares of the aircraft producer’s stock valued at $2,028,000 after buying an additional 4,697 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Up 0.3 %

Shares of Boeing stock opened at $155.31 on Friday. The business has a 50-day moving average price of $161.36 and a 200 day moving average price of $172.88. The Boeing Company has a fifty-two week low of $146.02 and a fifty-two week high of $267.54. The firm has a market cap of $95.34 billion, a P/E ratio of -43.75 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period last year, the business earned ($0.82) EPS. The company’s revenue was down 14.6% on a year-over-year basis. As a group, equities research analysts anticipate that The Boeing Company will post -5.35 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the topic of several recent research reports. Morgan Stanley reduced their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Friday. JPMorgan Chase & Co. decreased their target price on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday. Citigroup dropped their target price on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday. Wells Fargo & Company decreased their price target on Boeing from $110.00 to $109.00 and set an “underweight” rating for the company in a report on Monday. Finally, DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $198.79.

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.