Boeing Co (BA) : Edgemoor Investment Advisors scooped up 10,293 additional shares in Boeing Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 55,768 shares of Boeing Co which is valued at $7,354,126.Boeing Co makes up approximately 1.14% of Edgemoor Investment Advisors’s portfolio.
Other Hedge Funds, Including , Keating Investment Counselors Inc boosted its stake in BA in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 3,050 shares of Boeing Co which is valued at $402,204. Boeing Co makes up approx 0.20% of Keating Investment Counselors Inc’s portfolio.Bbva Compass Bancshares Inc reduced its stake in BA by selling 354 shares or 2.82% in the most recent quarter. The Hedge Fund company now holds 12,183 shares of BA which is valued at $1,628,380. Boeing Co makes up approx 0.12% of Bbva Compass Bancshares Inc’s portfolio.1st Global Advisors reduced its stake in BA by selling 354 shares or 2.62% in the most recent quarter. The Hedge Fund company now holds 13,160 shares of BA which is valued at $1,756,465. Boeing Co makes up approx 0.24% of 1st Global Advisors’s portfolio.Acadian Asset Management reduced its stake in BA by selling 11,596 shares or 43.75% in the most recent quarter. The Hedge Fund company now holds 14,912 shares of BA which is valued at $2,008,945. Boeing Co makes up approx 0.01% of Acadian Asset Management’s portfolio.
Boeing Co opened for trading at $132.14 and hit $132.95 on the upside on Monday, eventually ending the session at $132.19, with a gain of 0.35% or 0.46 points. The heightened volatility saw the trading volume jump to 24,43,769 shares. Company has a market cap of $82,464 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.
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.
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.