17,241 Shares in The Boeing Company (NYSE:BA) Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp bought a new position in The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,241 shares of the aircraft producer's stock, valued at approximately $3,052,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BA. State Street Corp grew its holdings in Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock worth $4,223,397,000 after acquiring an additional 636,594 shares during the period. Geode Capital Management LLC grew its stake in shares of Boeing by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer's stock worth $1,774,705,000 after purchasing an additional 320,415 shares during the period. Jennison Associates LLC increased its holdings in shares of Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock valued at $1,018,775,000 after purchasing an additional 602,143 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Boeing by 6.0% in the third quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer's stock valued at $739,957,000 after purchasing an additional 277,350 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Boeing by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer's stock worth $486,018,000 after buying an additional 48,637 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Trading Down 2.0 %

BA traded down $3.54 during midday trading on Friday, hitting $177.34. The company's stock had a trading volume of 8,971,331 shares, compared to its average volume of 7,792,261. The firm has a market cap of $133.01 billion, a P/E ratio of -9.68 and a beta of 1.52. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $208.10. The firm has a 50-day moving average price of $176.58 and a two-hundred day moving average price of $164.32.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) EPS. On average, equities analysts expect that The Boeing Company will post -2.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BA shares. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. Citigroup lifted their price target on Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, Sanford C. Bernstein cut shares of Boeing from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $195.16.

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.