Allied Investment Advisors LLC Buys Shares of 1,940 The Boeing Company (NYSE:BA)

Allied Investment Advisors LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) in the fourth quarter, HoldingsChannel reports. The firm purchased 1,940 shares of the aircraft producer’s stock, valued at approximately $343,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of Jackson Hole Trust acquired a new position in Boeing during the fourth quarter worth $64,000. New York State Common Retirement Fund raised its holdings in shares of Boeing by 35.0% in the 4th quarter. New York State Common Retirement Fund now owns 1,003,148 shares of the aircraft producer’s stock valued at $177,557,000 after buying an additional 260,054 shares during the period. Callahan Advisors LLC acquired a new position in Boeing during the 4th quarter worth about $686,000. Davidson Investment Advisors boosted its holdings in Boeing by 17.8% during the 4th quarter. Davidson Investment Advisors now owns 86,257 shares of the aircraft producer’s stock valued at $15,267,000 after acquiring an additional 13,039 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its position in Boeing by 41.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 24,482 shares of the aircraft producer’s stock valued at $4,333,000 after acquiring an additional 7,151 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on BA shares. Morgan Stanley lowered their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Price Performance

Shares of NYSE:BA opened at $184.73 on Wednesday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10. The firm has a market capitalization of $138.56 billion, a P/E ratio of -10.08 and a beta of 1.52. The company’s fifty day moving average price is $175.92 and its 200 day moving average price is $164.05.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the firm earned ($0.47) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -2.3 EPS 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.