The Boeing Company (NYSE:BA) Shares Purchased by Gallagher Fiduciary Advisors LLC

Gallagher Fiduciary Advisors LLC raised its holdings in The Boeing Company (NYSE:BA) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,564 shares of the aircraft producer’s stock after buying an additional 117 shares during the period. Gallagher Fiduciary Advisors LLC’s holdings in Boeing were worth $277,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Meiji Yasuda Life Insurance Co boosted its holdings in Boeing by 7.7% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 2,441 shares of the aircraft producer’s stock valued at $432,000 after purchasing an additional 174 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Boeing in the 4th quarter valued at $15,787,000. Itau Unibanco Holding S.A. purchased a new position in shares of Boeing in the 4th quarter valued at $10,518,000. Keel Point LLC raised its stake in Boeing by 16.0% during the 4th quarter. Keel Point LLC now owns 2,242 shares of the aircraft producer’s stock worth $397,000 after acquiring an additional 309 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Boeing by 2,123.4% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 405,517 shares of the aircraft producer’s stock valued at $71,777,000 after acquiring an additional 387,278 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

Boeing stock opened at $185.49 on Friday. The stock’s 50 day moving average price is $165.14 and its 200 day moving average price is $165.74. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The company has a market cap of $139.86 billion, a PE ratio of -10.13 and a beta of 1.40.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. Boeing’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.13) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on BA shares. Benchmark cut their target price on Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, April 21st. TD Securities reaffirmed a “buy” rating and set a $180.00 price target on shares of Boeing in a research report on Thursday, April 24th. Melius Research set a $204.00 price objective on Boeing in a report on Monday, March 24th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $140.00 target price (up from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. Finally, Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.90.

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.