Gateway Investment Advisers LLC decreased its holdings in Boeing Co (NYSE:BA) by 22.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 271,398 shares of the aircraft producer’s stock after selling 80,214 shares during the quarter. Boeing comprises approximately 0.9% of Gateway Investment Advisers LLC’s portfolio, making the stock its 26th biggest position. Gateway Investment Advisers LLC’s holdings in Boeing were worth $103,517,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in BA. Oregon Public Employees Retirement Fund lifted its position in Boeing by 21,969.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 40,328,303 shares of the aircraft producer’s stock valued at $125,000 after buying an additional 40,145,567 shares during the period. Newport Trust Co lifted its position in Boeing by 4.2% during the fourth quarter. Newport Trust Co now owns 33,492,259 shares of the aircraft producer’s stock valued at $10,801,254,000 after buying an additional 1,363,909 shares during the period. Two Sigma Advisers LP lifted its position in Boeing by 33.6% during the fourth quarter. Two Sigma Advisers LP now owns 995,560 shares of the aircraft producer’s stock valued at $321,068,000 after buying an additional 250,600 shares during the period. Jennison Associates LLC lifted its position in Boeing by 3.2% during the fourth quarter. Jennison Associates LLC now owns 7,817,279 shares of the aircraft producer’s stock valued at $2,521,073,000 after buying an additional 245,100 shares during the period. Finally, Mackay Shields LLC purchased a new position in Boeing during the fourth quarter valued at $77,540,000. 68.04% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on BA shares. TheStreet downgraded Boeing from an “a+” rating to a “c+” rating in a report on Wednesday, April 24th. ValuEngine downgraded Boeing from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Berenberg Bank set a $430.00 price target on Boeing and gave the company a “buy” rating in a report on Thursday, April 25th. Credit Suisse Group restated a “buy” rating and set a $440.00 price target on shares of Boeing in a report on Friday, April 12th. Finally, Buckingham Research reduced their price target on Boeing from $390.00 to $370.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. Boeing has a consensus rating of “Hold” and an average price target of $407.97.
NYSE BA opened at $347.03 on Thursday. Boeing Co has a one year low of $292.47 and a one year high of $446.01. The stock has a market capitalization of $196.54 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 48.98.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported $3.16 EPS for the quarter, topping the consensus estimate of $3.11 by $0.05. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. The company had revenue of $22.92 billion during the quarter, compared to the consensus estimate of $23.04 billion. During the same period last year, the company earned $3.64 EPS. Boeing’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, sell-side analysts expect that Boeing Co will post 14.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 10th were issued a $2.055 dividend. The ex-dividend date was Thursday, May 9th. This represents a $8.22 annualized dividend and a yield of 2.37%. Boeing’s payout ratio is 51.34%.
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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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