Ellerson Group Inc. ADV Purchases 745 Shares of The Boeing Company (NYSE:BA)

Ellerson Group Inc. ADV grew its position in shares of The Boeing Company (NYSE:BA) by 5.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,179 shares of the aircraft producer’s stock after buying an additional 745 shares during the period. Boeing accounts for 3.4% of Ellerson Group Inc. ADV’s holdings, making the stock its 10th biggest holding. Ellerson Group Inc. ADV’s holdings in Boeing were worth $3,957,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. CNB Bank grew its holdings in Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after acquiring an additional 66 shares during the period. Evolution Advisers Inc. purchased a new stake in shares of Boeing during the 4th quarter worth $28,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing during the 4th quarter worth $28,000. Naples Money Management LLC purchased a new position in shares of Boeing in the 4th quarter valued at about $44,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake 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 valued at $45,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 0.5 %

Shares of NYSE BA traded up $0.94 on Friday, reaching $179.79. 5,416,263 shares of the company traded hands, compared to its average volume of 8,228,397. The stock has a market capitalization of $110.37 billion, a PE ratio of -50.64 and a beta of 1.54. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The company has a 50 day moving average of $183.74 and a 200 day moving average of $205.91.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the company posted ($1.75) EPS. As a group, research analysts expect that The Boeing Company will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. UBS Group dropped their price target on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, Stifel Nicolaus dropped their price objective on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $222.41.

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.