The Boeing Company (NYSE:BA) is MADDEN SECURITIES Corp’s 7th Largest Position

MADDEN SECURITIES Corp decreased its position in The Boeing Company (NYSE:BA – Get Rating) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,787 shares of the aircraft producer’s stock after selling 5,155 shares during the period. Boeing accounts for approximately 3.2% of MADDEN SECURITIES Corp’s investment portfolio, making the stock its 7th largest position. MADDEN SECURITIES Corp’s holdings in Boeing were worth $6,055,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Baird Financial Group Inc. grew its stake in shares of Boeing by 8.0% in the 3rd quarter. Baird Financial Group Inc. now owns 238,221 shares of the aircraft producer’s stock valued at $28,844,000 after buying an additional 17,716 shares during the period. Meiji Yasuda Life Insurance Co grew its stake in shares of Boeing by 10.2% in the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 3,297 shares of the aircraft producer’s stock valued at $399,000 after buying an additional 306 shares during the period. ExodusPoint Capital Management LP grew its stake in shares of Boeing by 241.5% in the 3rd quarter. ExodusPoint Capital Management LP now owns 94,629 shares of the aircraft producer’s stock valued at $11,458,000 after buying an additional 66,919 shares during the period. McDonald Partners LLC grew its stake in shares of Boeing by 4.1% in the 3rd quarter. McDonald Partners LLC now owns 3,221 shares of the aircraft producer’s stock valued at $390,000 after buying an additional 126 shares during the period. Finally, Kentucky Retirement Systems boosted its position in shares of Boeing by 5.9% during the 3rd quarter. Kentucky Retirement Systems now owns 43,693 shares of the aircraft producer’s stock worth $5,290,000 after purchasing an additional 2,417 shares during the period. Hedge funds and other institutional investors own 57.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Susquehanna increased their price objective on shares of Boeing from $185.00 to $217.00 and gave the stock a “positive” rating in a research report on Wednesday, December 14th. The Goldman Sachs Group set a $261.00 price objective on shares of Boeing in a research report on Wednesday, February 15th. Citigroup increased their price objective on shares of Boeing from $222.00 to $248.00 and gave the stock a “buy” rating in a research report on Friday, January 27th. Susquehanna Bancshares increased their price objective on shares of Boeing from $185.00 to $217.00 and gave the stock a “positive” rating in a research report on Wednesday, December 14th. Finally, Bank of America increased their price objective on shares of Boeing from $165.00 to $190.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 7th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $225.13.

Boeing Price Performance

Shares of BA traded down $2.14 during midday trading on Friday, reaching $201.05. The stock had a trading volume of 9,858,936 shares, compared to its average volume of 6,524,440. The Boeing Company has a 1-year low of $113.02 and a 1-year high of $221.33. The company’s fifty day simple moving average is $209.05 and its two-hundred day simple moving average is $177.92. The company has a market cap of $120.46 billion, a price-to-earnings ratio of -24.25, a PEG ratio of 55.65 and a beta of 1.43.

Boeing (NYSE:BA – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The aircraft producer reported ($1.75) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.80). The firm had revenue of $19.98 billion for the quarter, compared to analyst estimates of $20.10 billion. During the same quarter last year, the firm earned ($7.69) EPS. The company’s quarterly revenue was up 35.1% on a year-over-year basis. On average, sell-side analysts forecast that The Boeing Company will post 0.93 earnings per share for the current year.

Boeing Company Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.