The Boeing Company (NYSE:BA) Shares Purchased by Ally Financial Inc.

Ally Financial Inc. boosted its holdings in shares of The Boeing Company (NYSE:BA) by 34.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 71,000 shares of the aircraft producer’s stock after buying an additional 18,000 shares during the period. Boeing accounts for 1.5% of Ally Financial Inc.’s investment portfolio, making the stock its 10th largest holding. Ally Financial Inc.’s holdings in Boeing were worth $12,567,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in shares of Boeing during the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing in the fourth quarter worth approximately $27,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the 4th quarter worth approximately $28,000. HighMark Wealth Management LLC increased its position in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC raised its holdings in shares of Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.8 %

Boeing stock opened at $156.73 on Thursday. The stock has a 50 day moving average of $167.15 and a two-hundred day moving average of $163.91. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95. The stock has a market capitalization of $117.56 billion, a price-to-earnings ratio of -8.56 and a beta of 1.24.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the firm posted ($0.47) EPS. Equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BA shares. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Citigroup upped their price objective on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Wells Fargo & Company cut their target price on Boeing from $113.00 to $111.00 and set an “underweight” rating on the stock in a research report on Tuesday. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, StockNews.com upgraded shares of Boeing to a “sell” rating in a research note on Saturday, April 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.00.

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.