Gateway Investment Advisers LLC Lowers Stock Holdings in The Boeing Company (NYSE:BA)

Gateway Investment Advisers LLC lowered its position in shares of The Boeing Company (NYSE:BAFree Report) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,729 shares of the aircraft producer’s stock after selling 4,039 shares during the period. Gateway Investment Advisers LLC’s holdings in Boeing were worth $34,493,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. purchased a new stake in Boeing during the third quarter valued at about $1,103,000. Federated Hermes Inc. raised its position in Boeing by 31.2% during the 3rd quarter. Federated Hermes Inc. now owns 111,057 shares of the aircraft producer’s stock valued at $21,287,000 after purchasing an additional 26,415 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Boeing by 10.3% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,918 shares of the aircraft producer’s stock worth $1,518,000 after buying an additional 740 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Boeing by 7.6% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,917 shares of the aircraft producer’s stock worth $559,000 after buying an additional 207 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its stake in shares of Boeing by 7.7% during the third quarter. Epoch Investment Partners Inc. now owns 138,770 shares of the aircraft producer’s stock valued at $26,599,000 after buying an additional 9,908 shares during the period. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BA. Baird R W upgraded Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Melius reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Melius Research reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Deutsche Bank Aktiengesellschaft lowered 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. Finally, Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective on the stock. in a report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $220.89.

Read Our Latest Stock Report on BA

Boeing Stock Performance

Shares of NYSE:BA traded down $4.99 during trading on Tuesday, hitting $174.11. 3,513,814 shares of the company’s stock were exchanged, compared to its average volume of 8,563,912. The business’s 50-day simple moving average is $177.75 and its 200 day simple moving average is $199.98. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. Equities research analysts forecast that The Boeing Company will post -1.67 EPS for the current fiscal year.

About Boeing

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.