Alerus Financial Na adds Boeing Co (BA) to its portfolio

Boeing Co (BA) : Alerus Financial Na added new position in Boeing Co during the most recent quarter end. The investment management firm now holds 36,928 shares of Boeing Co which is valued at $4,915,117 , the company said in a statement filed on Aug 11, 2016 with the SEC.Boeing Co makes up approximately 0.80% of Alerus Financial Na’s portfolio.

Other Hedge Funds, Including , Pettyjohn Wood White Inc boosted its stake in BA in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 20,420 shares of Boeing Co which is valued at $2,717,902. Boeing Co makes up approx 1.04% of Pettyjohn Wood White Inc’s portfolio. Pictet North America Advisors Sa added BA to its portfolio by purchasing 5,000 company shares during the most recent quarter which is valued at $665,500. Boeing Co makes up approx 0.15% of Pictet North America Advisors Sa’s portfolio.Gabelli Funds reduced its stake in BA by selling 8,300 shares or 2.94% in the most recent quarter. The Hedge Fund company now holds 274,200 shares of BA which is valued at $36,120,366. Boeing Co makes up approx 0.21% of Gabelli Funds’s portfolio.Sfe Investment Counsel boosted its stake in BA in the latest quarter, The investment management firm added 715 additional shares and now holds a total of 16,740 shares of Boeing Co which is valued at $2,207,504. Boeing Co makes up approx 0.99% of Sfe Investment Counsel’s portfolio.Gemmer Asset Management boosted its stake in BA in the latest quarter, The investment management firm added 42 additional shares and now holds a total of 657 shares of Boeing Co which is valued at $87,690. Boeing Co makes up approx 0.05% of Gemmer Asset Management’s portfolio.

Boeing Co closed down -0.85 points or -0.63% at $134.14 with 34,81,863 shares getting traded on Tuesday. Post opening the session at $135.32, the shares hit an intraday low of $133.6414 and an intraday high of $136.37 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 .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.

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