Grassi Investment Management Lowers stake in Boeing Co (BA)

Boeing Co (BA) : Grassi Investment Management reduced its stake in Boeing Co by 1.49% during the most recent quarter end. The investment management company now holds a total of 51,064 shares of Boeing Co which is valued at $6,829,299 after selling 774 shares in Boeing Co , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Boeing Co makes up approximately 1.32% of Grassi Investment Management’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors reduced its stake in BA by selling 10,129 shares or 4.11% in the most recent quarter. The Hedge Fund company now holds 236,510 shares of BA which is valued at $31,630,847. Boeing Co makes up approx 0.42% of Nisa Investment Advisors’s portfolio.Simplex Trading reduced its stake in BA by selling 10,755 shares or 56.49% in the most recent quarter. The Hedge Fund company now holds 8,284 shares of BA which is valued at $1,108,813. Boeing Co makes up approx 0.14% of Simplex Trading’s portfolio.Chevy Chase Trust Holdings reduced its stake in BA by selling 26,908 shares or 5.22% in the most recent quarter. The Hedge Fund company now holds 489,050 shares of BA which is valued at $65,855,473. Boeing Co makes up approx 0.36% of Chevy Chase Trust Holdings’s portfolio. Norman Fields Gottscho Capital Management added BA to its portfolio by purchasing 1,800 company shares during the most recent quarter which is valued at $242,388. Boeing Co makes up approx 0.16% of Norman Fields Gottscho Capital Management’s portfolio.

Boeing Co closed down -2.1 points or -1.55% at $133.74 with 36,07,330 shares getting traded on Tuesday. Post opening the session at $134.94, the shares hit an intraday low of $133.27 and an intraday high of $135.69 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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