Silver Oak Securities Incorporated Acquires New Shares in The Boeing Company (NYSE:BA)

Silver Oak Securities Incorporated bought a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,043 shares of the aircraft producer’s stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sugar Maple Asset Management LLC acquired a new position in Boeing in the fourth quarter valued at about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the 3rd quarter valued at approximately $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing in the 4th quarter worth approximately $28,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing during the 3rd quarter worth approximately $30,000. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Citigroup cut their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. UBS Group raised their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Robert W. Baird reduced their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock 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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Boeing Trading Down 1.8 %

Shares of Boeing stock opened at $181.51 on Friday. The company has a fifty day simple moving average of $171.70 and a 200-day simple moving average of $164.27. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $213.10. The stock has a market cap of $112.21 billion, a price-to-earnings ratio of -9.91 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the business posted ($0.47) EPS. On average, analysts forecast that The Boeing Company will post -2.12 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.