First Dallas Securities Lowers stake in Boeing Co (BA)

Boeing Co (BA) : First Dallas Securities reduced its stake in Boeing Co by 9.08% during the most recent quarter end. The investment management company now holds a total of 26,431 shares of Boeing Co which is valued at $3,522,195 after selling 2,640 shares in Boeing Co , the firm said in a disclosure report filed with the SEC on May 3, 2016.Boeing Co makes up approximately 2.84% of First Dallas Securities’s portfolio.

Other Hedge Funds, Including , Wealthtrust Fairport reduced its stake in BA by selling 197 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 7,886 shares of BA which is valued at $1,050,888. Boeing Co makes up approx 0.14% of Wealthtrust Fairport’s portfolio.Independent Investors Inc reduced its stake in BA by selling 265 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 34,485 shares of BA which is valued at $4,519,259. Boeing Co makes up approx 2.15% of Independent Investors Inc’s portfolio.Beech Hill Advisors boosted its stake in BA in the latest quarter, The investment management firm added 25,200 additional shares and now holds a total of 28,862 shares of Boeing Co which is valued at $3,782,365. Boeing Co makes up approx 2.93% of Beech Hill Advisors’s portfolio.Oliver Luxxe Assets boosted its stake in BA in the latest quarter, The investment management firm added 121 additional shares and now holds a total of 14,792 shares of Boeing Co which is valued at $1,938,492. Boeing Co makes up approx 1.95% of Oliver Luxxe Assets’s portfolio.

Boeing Co opened for trading at $133.18 and hit $135.24 on the upside on Tuesday, eventually ending the session at $134.72, with a gain of 1.98% or 2.62 points. The heightened volatility saw the trading volume jump to 33,82,661 shares. Company has a market cap of $85,818 M.

On the company’s financial health, Boeing Co reported $1.74 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $1.84. The company had revenue of $22632.00 million for the quarter, compared to analysts expectations of $21497.36 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 EPS.

Many Wall Street Analysts have commented on Boeing Co. 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 .Company shares were Reiterated by Canaccord Genuity on Apr 28, 2016 to “Hold”, Firm has raised the Price Target to $ 140 from a previous price target of $135 .Boeing Co was Downgraded by BofA/Merrill to ” Underperform” on Apr 20, 2016.

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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