Madrona Financial Services LLC Raises Stake in The Boeing Company (NYSE:BA)

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

Several other hedge funds have also made changes to their positions in BA. Lazari Capital Management Inc. lifted its position in Boeing by 55.7% during the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after acquiring an additional 8,309 shares during the period. Sanders Morris Harris LLC lifted its holdings in shares of Boeing by 869.1% during the first quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock worth $4,395,000 after purchasing an additional 20,425 shares during the period. Czech National Bank grew its position in Boeing by 8.4% in the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after buying an additional 9,281 shares during the last quarter. Park Avenue Securities LLC grew its position in Boeing by 20.7% in the 1st quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock valued at $2,035,000 after buying an additional 1,805 shares during the last quarter. Finally, BSN CAPITAL PARTNERS Ltd purchased a new position in Boeing during the 3rd quarter worth $11,237,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Jefferies Financial Group dropped their target price on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Wells Fargo & Company reduced their price target on Boeing from $110.00 to $109.00 and set an “underweight” rating for the company in a report on Monday. Citigroup dropped their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Susquehanna reduced their target price on Boeing from $230.00 to $210.00 and set a “positive” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $198.79.

Boeing Stock Up 0.3 %

BA opened at $155.31 on Friday. The business’s fifty day simple moving average is $161.36 and its 200 day simple moving average is $172.88. The Boeing Company has a 52 week low of $146.02 and a 52 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 released its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. Boeing’s revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.82) earnings per share. As a group, equities analysts expect that The Boeing Company will post -5.35 EPS 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.