The Boeing Company $BA Shares Sold by Madrona Financial Services LLC

Madrona Financial Services LLC lowered its stake in The Boeing Company (NYSE:BA) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,609 shares of the aircraft producer’s stock after selling 778 shares during the period. Madrona Financial Services LLC’s holdings in Boeing were worth $1,804,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Piscataqua Savings Bank increased its stake in Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares in the last quarter. Proathlete Wealth Management LLC acquired a new position in shares of Boeing in the first quarter worth about $34,000. Monetary Management Group Inc. boosted its holdings in shares of Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after buying an additional 50 shares during the period. Dogwood Wealth Management LLC increased its position in shares of Boeing by 30.4% in the second quarter. Dogwood Wealth Management LLC now owns 240 shares of the aircraft producer’s stock worth $52,000 after acquiring an additional 56 shares in the last quarter. Finally, Columbia River Financial Group LLC acquired a new stake in shares of Boeing during the first quarter valued at approximately $50,000. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BA. Redburn Atlantic upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and lifted their price objective for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the company a “buy” rating in a report on Thursday, June 12th. UBS Group set a $280.00 price target on Boeing and gave the company a “buy” rating in a research report on Wednesday, July 30th. Susquehanna restated a “positive” rating and set a $270.00 price objective on shares of Boeing in a research report on Monday, September 15th. Finally, Barclays upped their target price on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $231.00.

Insiders Place Their Bets

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of Boeing stock opened at $215.24 on Thursday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The firm has a market capitalization of $162.75 billion, a PE ratio of -13.04 and a beta of 1.47. The company’s fifty day moving average price is $225.67 and its two-hundred day moving average price is $204.00.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same period in the prior year, the business earned ($2.90) EPS. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. Analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.