The Boeing Company (NYSE:BA) is Ally Financial Inc.'s 10th Largest Position

Ally Financial Inc. grew its holdings in The Boeing Company (NYSE:BA - Free Report) by 34.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,000 shares of the aircraft producer's stock after buying an additional 18,000 shares during the quarter. Boeing accounts for 1.5% of Ally Financial Inc.'s investment portfolio, making the stock its 10th largest position. Ally Financial Inc.'s holdings in Boeing were worth $12,567,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. GKV Capital Management Co. Inc. purchased a new position in shares of Boeing in the fourth quarter worth about $87,000. Strategic Investment Solutions Inc. IL raised its holdings in Boeing by 46.2% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 582 shares of the aircraft producer's stock valued at $112,000 after buying an additional 184 shares during the period. Osterweis Capital Management Inc. raised its stake in shares of Boeing by 10,372.2% in the 4th quarter. Osterweis Capital Management Inc. now owns 83,359 shares of the aircraft producer's stock valued at $14,754,000 after acquiring an additional 82,563 shares during the period. Cravens & Co Advisors LLC lifted its stake in Boeing by 41.0% during the fourth quarter. Cravens & Co Advisors LLC now owns 8,521 shares of the aircraft producer's stock worth $1,508,000 after purchasing an additional 2,476 shares in the last quarter. Finally, MSH Capital Advisors LLC purchased a new position in Boeing during the 4th quarter valued at about $555,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on BA. UBS Group boosted their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. StockNews.com upgraded Boeing to a "sell" rating in a report on Saturday, April 5th. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Finally, Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Boeing has an average rating of "Moderate Buy" and an average target price of $198.95.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.09% of the company's stock.

Boeing Trading Up 3.4 %

Shares of NYSE:BA traded up $5.37 during trading on Friday, hitting $161.84. 9,213,706 shares of the stock were exchanged, compared to its average volume of 9,054,624. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $196.95. The company has a market cap of $121.39 billion, a PE ratio of -8.83 and a beta of 1.24. The company has a fifty day moving average price of $166.41 and a two-hundred day moving average price of $164.03.

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 analysts' consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the business posted ($0.47) EPS. Equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.