MADDEN SECURITIES Corp Invests $1.93 Million in The Boeing Company (NYSE:BA)

MADDEN SECURITIES Corp purchased a new stake in The Boeing Company (NYSE:BA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,325 shares of the aircraft producer's stock, valued at approximately $1,931,000.

Several other large investors have also made changes to their positions in BA. Vanguard Group Inc. grew its holdings in shares of Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after purchasing an additional 3,452,075 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Boeing in the 4th quarter worth about $568,000. Alyeska Investment Group L.P. bought a new stake in shares of Boeing in the 4th quarter worth about $526,889,000. Finally, Zimmer Partners LP bought a new stake in shares of Boeing in the 4th quarter worth about $393,736,000. Institutional investors own 64.82% of the company's stock.

Boeing Trading Down 1.7%

Shares of NYSE:BA traded down $3.54 during mid-day trading on Friday, reaching $200.21. The stock had a trading volume of 16,066,055 shares, compared to its average volume of 9,405,866. The firm has a market cap of $150.96 billion, a PE ratio of -10.93 and a beta of 1.43. The firm has a 50 day simple moving average of $187.71 and a two-hundred day simple moving average of $176.42. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $218.80.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. The business's revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.13) earnings per share. On average, equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BA. Melius Research set a $204.00 price objective on shares of Boeing in a report on Monday, March 24th. Cowen reissued a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. The Goldman Sachs Group reissued a "buy" rating and set a $212.00 price objective on shares of Boeing in a report on Thursday. Benchmark decreased their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Finally, Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $185.00 to $260.00 in a report on Monday, June 2nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $209.85.

Insider Activity at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president now owns 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock worth $1,511,370 in the last ninety days. Company insiders own 0.09% of the company's stock.

About Boeing

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.