Bach Investment Advisors Ltd adds Boeing Co (BA) to its portfolio

Boeing Co (BA) : Bach Investment Advisors Ltd added new position in Boeing Co during the most recent quarter end. The investment management firm now holds 4,515 shares of Boeing Co which is valued at $596,522 , the company said in a statement filed on May 9, 2016 with the SEC.Boeing Co makes up approximately 2.88% of Bach Investment Advisors Ltd’s portfolio.

Other Hedge Funds, Including , Birch Hill Investment Advisors reduced its stake in BA by selling 100 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 5,091 shares of BA which is valued at $672,623. Boeing Co makes up approx 0.07% of Birch Hill Investment Advisors’s portfolio.Hallmark Capital Management Inc boosted its stake in BA in the latest quarter, The investment management firm added 2,945 additional shares and now holds a total of 10,845 shares of Boeing Co which is valued at $1,445,205. Boeing Co makes up approx 0.24% of Hallmark Capital Management Inc’s portfolio.Payden Rygel boosted its stake in BA in the latest quarter, The investment management firm added 65,000 additional shares and now holds a total of 65,400 shares of Boeing Co which is valued at $8,715,204. Boeing Co makes up approx 1.06% of Payden Rygel’s portfolio.Eads Heald Investment Counsel boosted its stake in BA in the latest quarter, The investment management firm added 109 additional shares and now holds a total of 12,755 shares of Boeing Co which is valued at $1,719,374. Boeing Co makes up approx 1.19% of Eads Heald Investment Counsel’s portfolio.Whittier Trust Co boosted its stake in BA in the latest quarter, The investment management firm added 30,170 additional shares and now holds a total of 128,217 shares of Boeing Co which is valued at $17,283,652. Boeing Co makes up approx 0.76% of Whittier Trust Co’s portfolio.

Boeing Co closed down -2.3 points or -1.71% at $132.12 with 39,65,859 shares getting traded on Friday. Post opening the session at $133.74, the shares hit an intraday low of $131.91 and an intraday high of $134.94 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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