Boeing Co (BA) : Alta Capital Management scooped up 200 additional shares in Boeing Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 2,423 shares of Boeing Co which is valued at $317,534.Boeing Co makes up approximately 0.02% of Alta Capital Management’s portfolio.
Boeing Co opened for trading at $133.2 and hit $137.89 on the upside on Wednesday, eventually ending the session at $137.08, with a gain of 2.88% or 3.84 points. The heightened volatility saw the trading volume jump to 69,30,830 shares. Company has a market cap of $90,816 M.
Other Hedge Funds, Including , Meritage Portfolio Management reduced its stake in BA by selling 30,929 shares or 76.28% in the most recent quarter. The Hedge Fund company now holds 9,620 shares of BA which is valued at $1,260,701. Boeing Co makes up approx 0.14% of Meritage Portfolio Management’s portfolio.Gemmer Asset Management boosted its stake in BA in the latest quarter, The investment management firm added 32 additional shares and now holds a total of 615 shares of Boeing Co which is valued at $80,645. Boeing Co makes up approx 0.05% of Gemmer Asset Management’s portfolio.Capital Investment Advisors boosted its stake in BA in the latest quarter, The investment management firm added 6,579 additional shares and now holds a total of 15,714 shares of Boeing Co which is valued at $2,060,577. Boeing Co makes up approx 0.20% of Capital Investment Advisors’s portfolio.Neville Rodie Shaw Inc reduced its stake in BA by selling 10,950 shares or 12.0% in the most recent quarter. The Hedge Fund company now holds 80,292 shares of BA which is valued at $10,528,690. Boeing Co makes up approx 1.26% of Neville Rodie Shaw Inc’s portfolio.Exchange Capital Management boosted its stake in BA in the latest quarter, The investment management firm added 485 additional shares and now holds a total of 2,301 shares of Boeing Co which is valued at $301,730. Boeing Co makes up approx 0.13% of Exchange Capital Management’s portfolio.
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. Boeing Co was Downgraded by BofA/Merrill to ” Underperform” on Apr 20, 2016. Shares were Downgraded by Canaccord Genuity on Mar 3, 2016 to ” Hold” and Lowered the Price Target to $ 135 from a previous price target of $150 .Boeing Co was Upgraded by Buckingham Research to ” Neutral” on Feb 18, 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.