Amarillo National Bank Lowers stake in Boeing Co (BA)

Boeing Co (BA) : Amarillo National Bank reduced its stake in Boeing Co by 1.56% during the most recent quarter end. The investment management company now holds a total of 5,063 shares of Boeing Co which is valued at $663,911 after selling 80 shares in Boeing Co , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Boeing Co makes up approximately 0.47% of Amarillo National Bank’s portfolio.

Boeing Co opened for trading at $130.64 and hit $132.25 on the upside on Monday, eventually ending the session at $131.97, with a gain of 0.64% or 0.84 points. The heightened volatility saw the trading volume jump to 30,56,130 shares. Company has a market cap of $87,431 M.

Other Hedge Funds, Including , Benjamin F. Edwards Company boosted its stake in BA in the latest quarter, The investment management firm added 1,188 additional shares and now holds a total of 1,433 shares of Boeing Co which is valued at $187,909. Boeing Co makes up approx 0.04% of Benjamin F. Edwards Company’s portfolio.Stewart Patten Co reduced its stake in BA by selling 200 shares or 5.19% in the most recent quarter. The Hedge Fund company now holds 3,650 shares of BA which is valued at $478,625. Boeing Co makes up approx 0.10% of Stewart Patten Co’s portfolio.Gofen Glossberg Il boosted its stake in BA in the latest quarter, The investment management firm added 26,942 additional shares and now holds a total of 230,442 shares of Boeing Co which is valued at $30,217,859. Boeing Co makes up approx 1.27% of Gofen Glossberg Il’s portfolio.Community Trust Investment Co boosted its stake in BA in the latest quarter, The investment management firm added 52,371 additional shares and now holds a total of 133,052 shares of Boeing Co which is valued at $17,018,681. Boeing Co makes up approx 2.20% of Community Trust Investment Co’s portfolio.

On the company’s financial health, Boeing Co reported $1.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.33 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $1.27. The company had revenue of $23573.00 million for the quarter, compared to analysts expectations of $23553.07 million. The company’s revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.31 EPS.

Many Wall Street Analysts have commented on Boeing Co. 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. Boeing Co was Downgraded by JP Morgan to ” Neutral” on Feb 12, 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.

Leave a Reply

Boeing Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Boeing Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.