American Century Companies Inc Lowers stake in Boeing Co (BA)

Boeing Co (BA) : American Century Companies Inc reduced its stake in Boeing Co by 7.9% during the most recent quarter end. The investment management company now holds a total of 4,197,950 shares of Boeing Co which is valued at $570,753,282 after selling 360,085 shares in Boeing Co , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Boeing Co makes up approximately 0.63% of American Century Companies Inc’s portfolio.

Other Hedge Funds, Including , Diversified Trust Co reduced its stake in BA by selling 2,349 shares or 9.4% in the most recent quarter. The Hedge Fund company now holds 22,637 shares of BA which is valued at $3,077,727. Boeing Co makes up approx 0.42% of Diversified Trust Co’s portfolio.Bollard Group boosted its stake in BA in the latest quarter, The investment management firm added 905 additional shares and now holds a total of 113,484 shares of Boeing Co which is valued at $15,146,709. Boeing Co makes up approx 1.02% of Bollard Group’s portfolio.Capital One National Association reduced its stake in BA by selling 563 shares or 2.25% in the most recent quarter. The Hedge Fund company now holds 24,512 shares of BA which is valued at $3,302,257. Boeing Co makes up approx 0.26% of Capital One National Association’s portfolio.Community Trust Investment Co boosted its stake in BA in the latest quarter, The investment management firm added 766 additional shares and now holds a total of 133,818 shares of Boeing Co which is valued at $17,411,060. Boeing Co makes up approx 2.16% of Community Trust Investment Co’s portfolio.

Boeing Co opened for trading at $133.05 and hit $133.8 on the upside on Friday, eventually ending the session at $133.66, with a gain of 0.49% or 0.65 points. The heightened volatility saw the trading volume jump to 35,59,058 shares. Company has a market cap of $83,381 M.

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.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 .

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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