Madrona Financial Services LLC Has $1.80 Million Stock Holdings in The Boeing Company $BA

Madrona Financial Services LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 8.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BA. Kingstone Capital Partners Texas LLC acquired a new stake in Boeing in the 2nd quarter valued at about $378,459,000. Vanguard Group Inc. raised its stake in Boeing by 1.9% in the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after buying an additional 1,212,327 shares during the period. Strs Ohio acquired a new stake in shares of Boeing in the first quarter valued at approximately $98,984,000. Canada Pension Plan Investment Board boosted its stake in shares of Boeing by 243.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock worth $128,689,000 after acquiring an additional 535,060 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of Boeing by 38.4% during the 1st quarter. Deutsche Bank AG now owns 1,805,186 shares of the aircraft producer’s stock worth $307,874,000 after acquiring an additional 501,161 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA 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 stock’s fifty day moving average is $225.67 and its 200 day moving average is $204.00. The stock has a market capitalization of $162.75 billion, a P/E ratio of -13.04 and a beta of 1.47.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. During the same quarter in the prior year, the company posted ($2.90) earnings per share. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. Equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised their price target on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Bank of America lifted their target price on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Citigroup reissued a “buy” rating on shares of Boeing in a report on Monday, July 28th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Finally, The Goldman Sachs Group set a $212.00 target price on Boeing and gave the company a “buy” rating in a research report on Thursday, June 12th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $231.00.

Insiders Place Their Bets

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the transaction, the director directly owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president directly 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 position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

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.