Allied Investment Advisors LLC purchased a new stake in The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,940 shares of the aircraft producer's stock, valued at approximately $343,000.
Other hedge funds have also recently made changes to their positions in the company. Chaney Capital Management Inc. lifted its holdings in shares of Boeing by 2.1% in the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock valued at $508,000 after acquiring an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock valued at $1,878,000 after purchasing an additional 59 shares during the period. Center for Financial Planning Inc. lifted its stake in shares of Boeing by 12.0% in the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock valued at $99,000 after purchasing an additional 60 shares during the last quarter. Beacon Capital Management LLC boosted its holdings in shares of Boeing by 4.0% in the 4th quarter. Beacon Capital Management LLC now owns 1,709 shares of the aircraft producer's stock worth $302,000 after purchasing an additional 65 shares during the period. Finally, Sterneck Capital Management LLC boosted its holdings in shares of Boeing by 2.3% in the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer's stock worth $530,000 after purchasing an additional 66 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
BA has been the subject of a number of analyst reports. UBS Group raised their price target on Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Morgan Stanley lowered their target price on shares of Boeing from $195.00 to $170.00 and set an "equal weight" rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Sanford C. Bernstein downgraded shares of Boeing from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, Benchmark reaffirmed a "buy" rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $195.16.
Check Out Our Latest Research Report on BA
Boeing Stock Down 2.0 %
Shares of NYSE BA traded down $3.54 during midday trading on Friday, reaching $177.34. 8,971,331 shares of the company's stock traded hands, compared to its average volume of 7,792,261. The company has a market cap of $133.01 billion, a price-to-earnings ratio of -9.68 and a beta of 1.52. The stock's 50 day simple moving average is $176.58 and its 200-day simple moving average is $164.32. The Boeing Company has a one year low of $137.03 and a one year high of $208.10.
Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) earnings per share. Equities analysts predict that The Boeing Company will post -2.32 EPS for the current fiscal year.
Boeing Company Profile
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Free Report)
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.
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