Madison Investment Holdings Inc. Has $1.19 Million Holdings in Boeing Co (BA)

Madison Investment Holdings Inc. raised its position in shares of Boeing Co (NYSE:BA) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,687 shares of the aircraft producer’s stock after acquiring an additional 81 shares during the period. Madison Investment Holdings Inc.’s holdings in Boeing were worth $1,189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of BA. Pinnacle Associates Ltd. boosted its stake in shares of Boeing by 15.1% during the fourth quarter. Pinnacle Associates Ltd. now owns 74,661 shares of the aircraft producer’s stock valued at $24,078,000 after purchasing an additional 9,787 shares during the period. Intercontinental Wealth Advisors LLC boosted its stake in shares of Boeing by 8.9% during the fourth quarter. Intercontinental Wealth Advisors LLC now owns 744 shares of the aircraft producer’s stock valued at $240,000 after purchasing an additional 61 shares during the period. Nations Financial Group Inc. IA ADV boosted its stake in shares of Boeing by 31.0% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,237 shares of the aircraft producer’s stock valued at $722,000 after purchasing an additional 529 shares during the period. First Trust Advisors LP boosted its stake in shares of Boeing by 47.2% during the fourth quarter. First Trust Advisors LP now owns 169,587 shares of the aircraft producer’s stock valued at $54,692,000 after purchasing an additional 54,407 shares during the period. Finally, First Republic Investment Management Inc. boosted its stake in shares of Boeing by 1.5% during the third quarter. First Republic Investment Management Inc. now owns 283,170 shares of the aircraft producer’s stock valued at $105,311,000 after purchasing an additional 4,119 shares during the period. Institutional investors and hedge funds own 69.76% of the company’s stock.

BA has been the subject of a number of recent analyst reports. UBS Group reissued a “buy” rating and set a $525.00 target price (up from $500.00) on shares of Boeing in a research note on Thursday, February 28th. JPMorgan Chase & Co. reissued a “buy” rating and set a target price on shares of Boeing in a research note on Wednesday, January 30th. Jefferies Financial Group boosted their target price on shares of Boeing to $448.00 and gave the company a “buy” rating in a research note on Monday, February 4th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Finally, Argus boosted their target price on shares of Boeing from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. Boeing has an average rating of “Hold” and an average price target of $411.47.

In other Boeing news, EVP Timothy John Keating sold 26,557 shares of the stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $395.47, for a total transaction of $10,502,496.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory D. Smith sold 19,500 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $401.38, for a total transaction of $7,826,910.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,247 shares of company stock valued at $28,922,977. Insiders own 0.23% of the company’s stock.

NYSE:BA opened at $380.07 on Friday. Boeing Co has a 1-year low of $292.47 and a 1-year high of $446.01. The stock has a market capitalization of $214.54 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 2.05 and a beta of 1.33. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 25.99.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.52 by $0.96. The company had revenue of $28.34 billion during the quarter, compared to analyst estimates of $26.76 billion. Boeing had a net margin of 10.34% and a negative return on equity of 4,286.60%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.04 earnings per share. Analysts predict that Boeing Co will post 16.63 earnings per share for the current fiscal year.

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Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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