The Boeing Company (NYSE:BA) Stock Holdings Increased by Ellerson Group Inc. ADV

Ellerson Group Inc. ADV increased its holdings in shares of The Boeing Company (NYSE:BA) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,179 shares of the aircraft producer’s stock after purchasing an additional 745 shares during the period. Boeing makes up 3.4% of Ellerson Group Inc. ADV’s holdings, making the stock its 10th biggest position. Ellerson Group Inc. ADV’s holdings in Boeing were worth $3,957,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BA. CNB Bank grew its stake in shares of Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares during the period. Evolution Advisers Inc. purchased a new stake in Boeing during the fourth quarter worth $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in Boeing during the fourth quarter valued at $28,000. Naples Money Management LLC purchased a new position in Boeing in the fourth quarter valued at $44,000. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Boeing by 66.2% in the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after acquiring an additional 94 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BA has been the topic of a number of analyst reports. Citigroup dropped their target price on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Benchmark reaffirmed a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. The Goldman Sachs Group decreased their target price on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. TD Cowen cut their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 25th. Finally, Edward Jones lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $222.41.

Boeing Trading Up 0.5 %

NYSE:BA traded up $0.94 during trading hours on Friday, hitting $179.79. The company had a trading volume of 5,416,263 shares, compared to its average volume of 8,228,397. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The company has a market cap of $110.37 billion, a P/E ratio of -50.64 and a beta of 1.54. The company has a 50-day moving average of $183.74 and a 200 day moving average of $205.91.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.75) EPS. On average, analysts forecast that The Boeing Company will post -0.18 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.