1,169 Shares in The Boeing Company (NYSE:BA) Purchased by Madison Park Capital Advisors LLC

Madison Park Capital Advisors LLC acquired a new position in The Boeing Company (NYSE:BA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,169 shares of the aircraft producer’s stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Jennison Associates LLC bought a new position in Boeing during the fourth quarter worth about $960,397,000. Lazard Asset Management LLC boosted its holdings in Boeing by 8,961.2% during the third quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock worth $222,628,000 after buying an additional 1,148,643 shares during the last quarter. Barclays PLC boosted its holdings in Boeing by 54.5% during the third quarter. Barclays PLC now owns 2,351,731 shares of the aircraft producer’s stock worth $450,783,000 after buying an additional 829,321 shares during the last quarter. Invesco Ltd. boosted its holdings in Boeing by 30.1% during the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after buying an additional 759,267 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in Boeing by 726.7% during the fourth quarter. Cerity Partners LLC now owns 624,906 shares of the aircraft producer’s stock worth $162,888,000 after buying an additional 549,318 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.8 %

Shares of NYSE:BA traded down $1.31 during trading on Tuesday, hitting $169.17. 7,584,261 shares of the company were exchanged, compared to its average volume of 9,611,969. The stock has a market cap of $103.22 billion, a price-to-earnings ratio of -45.97, a P/E/G ratio of 134.48 and a beta of 1.52. The Boeing Company has a fifty-two week low of $167.53 and a fifty-two week high of $267.54. The firm has a fifty day moving average price of $188.81 and a two-hundred day moving average price of $207.19.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned ($1.75) EPS. As a group, research analysts predict that The Boeing Company will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent analyst reports. Susquehanna reduced their target price on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Bank of America cut their price objective on Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, April 11th. The Goldman Sachs Group cut their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Benchmark reiterated a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. Finally, Royal Bank of Canada cut their price objective on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $226.71.

Boeing 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.