Cornerstone Advisors buys $516,784 stake in Boeing Co (BA)

Boeing Co (BA) : Cornerstone Advisors scooped up 154 additional shares in Boeing Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 3,801 shares of Boeing Co which is valued at $516,784.Boeing Co makes up approximately 0.51% of Cornerstone Advisors’s portfolio.

Other Hedge Funds, Including , Wagner Bowman Management Corp reduced its stake in BA by selling 413 shares or 7.5% in the most recent quarter. The Hedge Fund company now holds 5,095 shares of BA which is valued at $692,716. Boeing Co makes up approx 0.27% of Wagner Bowman Management Corp’s portfolio.Private Bank Trust Co boosted its stake in BA in the latest quarter, The investment management firm added 67,704 additional shares and now holds a total of 74,164 shares of Boeing Co which is valued at $9,895,703. Boeing Co makes up approx 1.49% of Private Bank Trust Co’s portfolio.Mutual Of Omaha Bank Wealth Management boosted its stake in BA in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 3,520 shares of Boeing Co which is valued at $457,987. Boeing Co makes up approx 0.15% of Mutual Of Omaha Bank Wealth Management’s portfolio.

Boeing Co opened for trading at $133.05 and hit $133.8 on the upside on Friday, eventually ending the session at $133.66, with a gain of 0.49% or 0.65 points. The heightened volatility saw the trading volume jump to 35,59,058 shares. Company has a market cap of $83,381 M.

On the company’s financial health, Boeing Co reported $-0.44 EPS for the quarter, missing the analyst consensus estimate by $ -2.68 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $2.24. The company had revenue of $24755.00 million for the quarter, compared to analysts expectations of $24174.22 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS.

Investors should note that on Jun 27, 2016, Boeing Co announced a cash dividend of $1.0900. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 2, 2016.

Many Wall Street Analysts have commented on Boeing Co. Company shares were Reiterated by Canaccord Genuity on Jul 28, 2016 to “Hold”, Firm has raised the Price Target to $ 144 from a previous price target of $140 .Morgan Stanley Initiated Boeing Co on Jun 23, 2016 to “Overweight”, Price Target of the shares are set at $153.Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 132 from a previous price target of $128 .

The Boeing Company together with its subsidiaries is an aerospace company. The Company operates through five segments: Commercial Airplanes Boeing Military Aircraft (BMA) Network & Space Systems (N&SS) Global Services & Support (GS&S) and Boeing Capital (BCC). The Defense Space & Security (BDS) business includes BMA N&SS and GS&S. The Commercial Airplanes segment develops produces and markets commercial jet aircraft and provides related support services. The BMA segment is engaged in the research development production and modification of manned and unmanned military aircraft and weapons systems for global strike. The N&SS segment is engaged in the research development production and modification of the products and related services. The GS&S segment provides a range of support solutions. The BCC segment’s portfolio consists of equipment under operating leases finance leases notes and other receivables assets held for sale or re-lease and investments.

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