Gateway Investment Advisers LLC Buys 279 Shares of The Boeing Company (NYSE:BA)

Gateway Investment Advisers LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,839 shares of the aircraft producer’s stock after acquiring an additional 279 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Boeing were worth $30,330,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BA. Blue Zone Wealth Advisors LLC raised its holdings in Boeing by 11.6% during the first quarter. Blue Zone Wealth Advisors LLC now owns 24,056 shares of the aircraft producer’s stock worth $4,103,000 after buying an additional 2,492 shares during the last quarter. Radnor Capital Management LLC acquired a new position in shares of Boeing during the first quarter valued at about $882,000. Impact Capital Partners LLC bought a new stake in shares of Boeing during the first quarter worth about $213,000. Horizon Wealth Management LLC raised its holdings in shares of Boeing by 24.8% in the 1st quarter. Horizon Wealth Management LLC now owns 5,397 shares of the aircraft producer’s stock worth $920,000 after acquiring an additional 1,073 shares during the last quarter. Finally, First National Corp MA ADV lifted its position in Boeing by 8.2% in the 1st quarter. First National Corp MA ADV now owns 1,244 shares of the aircraft producer’s stock valued at $212,000 after acquiring an additional 94 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BA has been the subject of several recent research reports. Benchmark decreased their price target on Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a report on Monday, April 21st. Melius Research set a $204.00 target price on shares of Boeing in a research note on Monday, March 24th. TD Securities lowered shares of Boeing to a “cautious” rating in a research report on Thursday, May 22nd. Wall Street Zen lowered shares of Boeing from a “hold” rating to a “sell” rating in a research note on Saturday, May 17th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a research report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $207.85.

Boeing Trading Up 1.0%

Shares of Boeing stock opened at $211.03 on Friday. The company’s 50-day moving average price is $182.59 and its 200-day moving average price is $174.64. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $215.80. The company has a market cap of $159.12 billion, a price-to-earnings ratio of -11.52 and a beta of 1.43.

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

Insider Buying and Selling

In other news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the sale, the senior vice president now directly owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock worth $1,511,370 over the last ninety days. 0.09% of the stock is owned by corporate insiders.

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.