Cacti Asset Management buys $34,896,466 stake in Boeing Co (BA)

Boeing Co (BA) : Cacti Asset Management scooped up 4,500 additional shares in Boeing Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 3, 2016. The investment management firm now holds a total of 259,145 shares of Boeing Co which is valued at $34,896,466.Boeing Co makes up approximately 3.55% of Cacti Asset Management’s portfolio.

Other Hedge Funds, Including , Lvm Capital Management Ltdmi sold out all of its stake in BA during the most recent quarter. The investment firm sold 59,620 shares of BA which is valued $8,028,429.

Boeing Co closed down -0.13 points or -0.10% at $132.25 with 28,29,188 shares getting traded on Tuesday. Post opening the session at $132.77, the shares hit an intraday low of $131.69 and an intraday high of $133.2313 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 .

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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