Callahan Advisors LLC Invests $686,000 in The Boeing Company (NYSE:BA)

Callahan Advisors LLC bought a new stake in The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,875 shares of the aircraft producer's stock, valued at approximately $686,000.

A number of other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp boosted its stake in shares of Boeing by 122.0% in the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer's stock valued at $357,712,000 after buying an additional 1,251,456 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Boeing by 289.8% in the third quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer's stock valued at $2,558,790,000 after buying an additional 1,251,165 shares in the last quarter. Franklin Resources Inc. boosted its position in Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock worth $169,386,000 after purchasing an additional 1,055,472 shares in the last quarter. State Street Corp boosted its position 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 purchasing an additional 636,594 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock worth $1,018,775,000 after purchasing an additional 602,143 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. Robert W. Baird decreased their target price on Boeing from $240.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Susquehanna boosted their target price on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Morgan Stanley decreased their target price on Boeing from $195.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 24th. Wells Fargo & Company boosted their target price on Boeing from $85.00 to $103.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. Finally, Sanford C. Bernstein downgraded Boeing from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $195.16.

Boeing Trading Down 2.0 %

NYSE:BA traded down $3.54 on Friday, hitting $177.34. 8,971,331 shares of the stock were exchanged, compared to its average volume of 7,792,261. The stock has a market cap of $133.01 billion, a PE ratio of -9.68 and a beta of 1.52. The stock has a fifty day moving average of $176.58 and a 200-day moving average of $164.32. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10.

Boeing (NYSE:BA - Get Free Report) last announced 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 prior year, the business posted ($0.47) earnings per share. As a group, analysts predict that The Boeing Company will post -2.32 earnings per share for the current year.

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.