Silver Oak Securities Incorporated Has $371,000 Stock Holdings in The Boeing Company (NYSE:BA)

Silver Oak Securities Incorporated grew its position in shares of The Boeing Company (NYSE:BA) by 154.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,424 shares of the aircraft producer’s stock after purchasing an additional 864 shares during the period. Silver Oak Securities Incorporated’s holdings in Boeing were worth $371,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BA. Vicus Capital boosted its stake in shares of Boeing by 78.6% during the third quarter. Vicus Capital now owns 1,734 shares of the aircraft producer’s stock valued at $332,000 after purchasing an additional 763 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Boeing by 3.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 31,917 shares of the aircraft producer’s stock worth $6,118,000 after acquiring an additional 1,133 shares during the period. Pinnacle Associates Ltd. lifted its stake in shares of Boeing by 1.8% in the third quarter. Pinnacle Associates Ltd. now owns 52,353 shares of the aircraft producer’s stock worth $10,035,000 after acquiring an additional 936 shares during the period. Wells Trecaso Financial Group LLC lifted its stake in shares of Boeing by 1.0% in the third quarter. Wells Trecaso Financial Group LLC now owns 27,848 shares of the aircraft producer’s stock worth $5,338,000 after acquiring an additional 285 shares during the period. Finally, Robbins Farley lifted its stake in shares of Boeing by 9.2% in the third quarter. Robbins Farley now owns 12,707 shares of the aircraft producer’s stock worth $2,436,000 after acquiring an additional 1,070 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on BA shares. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Tuesday, March 26th. Royal Bank of Canada cut their price objective on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Citigroup cut their price objective on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Susquehanna dropped their price target on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research note on Thursday, March 21st. Finally, Bank of America dropped their price target on Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $222.41.

Boeing Trading Down 3.3 %

Shares of Boeing stock opened at $167.84 on Wednesday. The stock has a fifty day simple moving average of $185.21 and a 200 day simple moving average of $206.38. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The company has a market capitalization of $103.03 billion, a P/E ratio of -47.28 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter last year, the company posted ($1.75) EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts predict that The Boeing Company will post -0.3 EPS for the current year.

Boeing Company 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.