Boeing Co (BA) : True Private Wealth Advisors scooped up 5 additional shares in Boeing Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 9,557 shares of Boeing Co which is valued at $1,260,282.Boeing Co makes up approximately 0.41% of True Private Wealth Advisors’s portfolio.
Other Hedge Funds, Including , Hutchinson Capital Managementca reduced its stake in BA by selling 1,358 shares or 6.9% in the most recent quarter. The Hedge Fund company now holds 18,335 shares of BA which is valued at $2,417,836. Boeing Co makes up approx 0.72% of Hutchinson Capital Managementca’s portfolio.Tocqueville Asset Management reduced its stake in BA by selling 17,309 shares or 8.82% in the most recent quarter. The Hedge Fund company now holds 178,971 shares of BA which is valued at $23,921,264. Boeing Co makes up approx 0.30% of Tocqueville Asset Management’s portfolio.Shinko Asset Management Ltd. reduced its stake in BA by selling 54 shares or 3.24% in the most recent quarter. The Hedge Fund company now holds 1,611 shares of BA which is valued at $215,020.Shikiar Asset Management Inc reduced its stake in BA by selling 6,650 shares or 67.86% in the most recent quarter. The Hedge Fund company now holds 3,150 shares of BA which is valued at $420,431. Boeing Co makes up approx 0.18% of Shikiar Asset Management Inc’s portfolio.Nisa Investment Advisors boosted its stake in BA in the latest quarter, The investment management firm added 16,125 additional shares and now holds a total of 246,639 shares of Boeing Co which is valued at $32,909,042. Boeing Co makes up approx 0.43% of Nisa Investment Advisors’s portfolio.
Boeing Co closed down -0.66 points or -0.50% at $131.21 with 30,09,006 shares getting traded on Thursday. Post opening the session at $132, the shares hit an intraday low of $130.955 and an intraday high of $132.55 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.
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.
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.