Alesco Advisors LLC Increases Holdings in The Boeing Company (NYSE:BA)

Alesco Advisors LLC lifted its position in The Boeing Company (NYSE:BA) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,439 shares of the aircraft producer’s stock after purchasing an additional 134 shares during the period. Alesco Advisors LLC’s holdings in Boeing were worth $375,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Evolution Advisers Inc. purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. CNB Bank raised its stake in Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares in the last quarter. Naples Money Management LLC bought a new position in Boeing in the fourth quarter worth approximately $44,000. M&R Capital Management Inc. raised its stake in Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after buying an additional 50 shares in the last quarter. Finally, Keener Financial Planning LLC bought a new position in Boeing in the fourth quarter worth approximately $52,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA traded up $0.45 during mid-day trading on Friday, hitting $167.26. The stock had a trading volume of 7,199,501 shares, compared to its average volume of 9,757,903. The company has a 50 day moving average of $186.53 and a two-hundred day moving average of $206.46. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The firm has a market cap of $102.05 billion, a PE ratio of -47.12, a PEG ratio of 130.13 and a beta of 1.52.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same period in the previous year, the company earned ($1.75) earnings per share. Boeing’s revenue was up 10.2% on a year-over-year basis. Equities research analysts predict that The Boeing Company will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group reduced their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Barclays reduced their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday. Stifel Nicolaus reduced 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. Edward Jones downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Royal Bank of Canada reduced their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $222.41.

About Boeing

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.