3,043 Shares in The Boeing Company (NYSE:BA) Bought by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated bought a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,043 shares of the aircraft producer’s stock, valued at approximately $537,000.

Several other hedge funds have also made changes to their positions in the business. Sugar Maple Asset Management LLC purchased a new stake in Boeing during the 4th quarter valued at approximately $27,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing in the 4th quarter valued at approximately $28,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the third quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Boeing during the fourth quarter worth $33,000. Finally, Cedar Wealth Management LLC purchased a new position in Boeing in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup cut their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Morgan Stanley dropped their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Finally, UBS Group raised their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $195.00.

Boeing Price Performance

Shares of BA opened at $181.51 on Friday. The Boeing Company has a 1-year low of $137.03 and a 1-year 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. The firm has a 50 day simple moving average of $171.70 and a 200-day simple moving average of $164.27.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the firm earned ($0.47) earnings per share. On average, equities analysts expect 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.