McAdam LLC Has $437,000 Stake in The Boeing Company (NYSE:BA)

McAdam LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 31.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,466 shares of the aircraft producer’s stock after buying an additional 583 shares during the quarter. McAdam LLC’s holdings in Boeing were worth $437,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Sugar Maple Asset Management LLC acquired a new position in Boeing in the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. acquired a new stake in Boeing during the fourth quarter worth approximately $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing during the third quarter worth approximately $30,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing in the fourth quarter valued at approximately $33,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 1.8 %

BA opened at $176.26 on Monday. The stock has a market capitalization of $108.96 billion, a P/E ratio of -9.62 and a beta of 1.52. The stock has a 50-day moving average price of $169.50 and a 200-day moving average price of $164.20. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $214.63.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company posted ($0.47) EPS. On average, equities research analysts predict that The Boeing Company will post -1.61 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on BA shares. Morgan Stanley reduced their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Citigroup decreased their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

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.