Madison Park Capital Advisors LLC Purchases New Position in The Boeing Company (NYSE:BA)

Madison Park Capital Advisors LLC acquired a new position in The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,593 shares of the aircraft producer’s stock, valued at approximately $459,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BA. Sugar Maple Asset Management LLC acquired a new position in Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the third quarter worth $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing during the third quarter worth $30,000. Planning Capital Management Corp raised its position in shares of Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares during the last quarter. Finally, Albion Financial Group UT raised its position in shares of Boeing by 116.1% during the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after acquiring an additional 159 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 2.7 %

BA stock opened at $175.63 on Wednesday. The business has a 50-day moving average of $164.20 and a 200-day moving average of $164.46. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($3.26) earnings per share. On average, equities analysts predict that The Boeing Company will post -16.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. TD Cowen dropped their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Wells Fargo & Company dropped their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Finally, Susquehanna dropped their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $192.21.

About Boeing

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.